A method for determining jitter and noise of an input signal. The method includes acquiring one or more uncorrelated waveform records by an acquisition unit of a test and measurement instrument, determining a correlated waveform from the acquired waveform(s), dividing the correlated waveform into unit intervals, dividing an uncorrelated waveform into unit intervals, measuring a timing displacement (t1) between the correlated waveform and the uncorrelated waveform for each unit interval to form an apparent-jitter array ([t1]), measuring a voltage displacement (V1) between the correlated waveform and the uncorrelated waveform for reach unit interval to form an apparent-noise array ([V1]), calculating a horizontal shift (ts) between the correlated waveform and the uncorrelated waveform for each unit interval to form a compensated edge time array ([ts]), and calculating a vertical shift (Vs) between the correlated waveform and the uncorrelated waveform for each unit interval to form a compensated amplitude voltage array ([Vs]).