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American Water Works Company, Inc (AWK) vs Real-time Sahm Rule Recession Indicator
Correlation
of % moves
-35%
In sync
of periods
37%
History
monthsmonths · through 2026-08
59
These move in the same direction about 37% of the time
Their swing sizes only faintly mirror each other (~12% of the pattern is shared).
A real but noisy link — useful as context, risky as a standalone signal.
Both lines start at the same point — easy to compare when growth rates are similar.
What to Watch
Holds in both up and down markets
The relationship is similar whether prices are rising or falling — reliable in both directions.
Flips between sync and inverse
Sometimes the two move together, sometimes opposite. Don't treat this as a stable signal.
Advanced
Statistics
In sync(i)
37%
Headline metric
Movement correlation(i)
-35%
Based on % moves
95% CI
-56% → -10%
Likely range of correlation
Pipeline
Pipeline Summary
59 paired data points survived the monthly window.
Raw input
1,254
800
Normalized
1,254
800
Prepared
61
800
Aligned
59
59
Invalid removed
R²(i)
12%
Variance explained
Significance
p < 0.01
Statistical confidence
Data points(i)
57
Thin
Time-Shifted Correlation
See how correlation changes when one series is offset in time. A taller bar at a non-zero shift means the two move together better when one leads the other — that's a potential lead/lag signal.
Correlation by shift
Click a bar to inspect. Range: -18 to 18 months.
Selected shift
No shift
Correlation at this shift
-35%
No shift — both series at their actual dates.
57 overlapping points at this shift
Baseline
-35%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-35%
A non-zero peak suggests one series lines up better when shifted against the other.
Stability
How the correlation evolves over time. A stable line means the relationship is reliable; large swings signal regime-dependent behavior.
Do They Crash Together?
How these series behave when markets are rising, falling, or diverging. A correlation that holds in drawdowns is very different from one that only works in rallies.
Both Rising
+21%
7 periods · Return correlation when both series rose
Both Falling
-38%
11 periods · Return correlation when both series fell
Diverging
-67%
39 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
743
A: 2 / B: 741
Series A
American Water Works Company, Inc (AWK)
AWK
Stock · 1,254 raw → 61 prepared
Series B
Real-time Sahm Rule Recession Indicator
SAHMREALTIME
FRED · 800 raw → 800 prepared
Sign agreement
75.9%
How often both values share the same sign.
Zero crossings
11
Estimated crossover points between normalized spreads.
Slope
-0.4088
Linear regression slope.
Intercept
0.0003
Linear regression intercept.
Saved 4 months ago · ID: fred-sahmrealtime_stock-awk_monthly_5y