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GE HealthCare Technologies Inc. Common Stock (GEHC) vs Smoothed U.S. Recession Probabilities
Correlation
of % moves
-25%
In sync
of periods
44%
History
monthsmonths · through 2026-07
43
These move in the same direction about 44% of the time
Their swing sizes only faintly mirror each other (~6% of the pattern is shared).
A faint pattern — interesting as colour, not strong enough to act on alone.
On a log scale so equal % moves take equal vertical space — best when one series has grown much faster than the other.
What to Watch
GEHC moves ~18 months before Smoothed U.S. Recession Probabilities
Watch GEHC for an early read on Smoothed U.S. Recession Probabilities.
Tighter in drawdowns
The relationship is stronger when both prices are falling than when both are rising — typical risk-off behaviour.
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)
44%
Headline metric
Movement correlation(i)
-25%
Based on % moves
95% CI
-52% → +6%
Likely range of correlation
Pipeline
Pipeline Summary
43 paired data points survived the monthly window.
Raw input
923
710
Normalized
923
710
Prepared
45
710
Aligned
43
43
Invalid removed
R²(i)
6%
Variance explained
Significance
n.s.
Statistical confidence
Data points(i)
42
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
+18 months
Correlation at this shift
+44%
+19% stronger than no-shift baseline
Smoothed U.S. Recession Probabilities shifted 18 months earlier. Reads: "Does GE HealthCare Technologies Inc. Common Stock (GEHC) today line up with Smoothed U.S. Recession Probabilities 18 months from now?"
24 overlapping points at this shift
Baseline
-25%
No-shift correlation, matching the main time-series chart above.
Peak shift
+18 months
+44%
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%
12 periods · Return correlation when both series rose
Both Falling
-55%
6 periods · Return correlation when both series fell
Diverging
-55%
24 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
669
A: 2 / B: 667
Series A
GE HealthCare Technologies Inc. Common Stock (GEHC)
GEHC
Stock · 923 raw → 45 prepared
Series B
Smoothed U.S. Recession Probabilities
RECPROUSM156N
FRED · 710 raw → 710 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
6
Estimated crossover points between normalized spreads.
Slope
-1.2806
Linear regression slope.
Intercept
0.0127
Linear regression intercept.
Saved 4 months ago · ID: fred-recprousm156n_stock-gehc_monthly_5y