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NiSource Inc. (NI) vs Real-time Sahm Rule Recession Indicator
Correlation
of % moves
-30%
In sync
of periods
45%
History
monthsmonths · through 2026-05
59
These move in the same direction about 45% of the time
Their swing sizes only faintly mirror each other (~9% of the pattern is shared).
A faint pattern — interesting as colour, not strong enough to act on alone.
Both lines start at the same point — easy to compare when growth rates are similar.
What to Watch
Slipping tighter
The recent pattern is tighter than its long-run baseline — keep an eye on whether this sticks.
NI moves ~8 months before Real-time Sahm Rule Recession Indicator
Watch NI for an early read on Real-time Sahm Rule Recession Indicator.
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)
44.9%
Headline metric
Movement correlation(i)
-30%
Based on % moves
95% CI
-52% → -4%
Likely range of correlation
Pipeline
Pipeline Summary
59 paired data points survived the monthly window.
Raw input
1,255
797
Normalized
1,255
797
Prepared
61
797
Aligned
59
59
Invalid removed
R²(i)
8.7%
Variance explained
Significance
p < 0.05
Statistical confidence
Data points
59
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
+8 months
Correlation at this shift
-39%
+10% stronger than no-shift baseline
Real-time Sahm Rule Recession Indicator shifted 8 months earlier. Reads: "Does NiSource Inc. (NI) today line up with Real-time Sahm Rule Recession Indicator 8 months from now?"
43 overlapping points at this shift
Baseline
-30%
No-shift correlation, matching the main time-series chart above.
Peak shift
+8 months
-39%
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
-18%
14 periods · Return correlation when both series rose
Both Falling
-20%
8 periods · Return correlation when both series fell
Diverging
-75%
35 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
740
A: 2 / B: 738
Series A
NiSource Inc. (NI)
NI
Stock · 1,255 raw → 61 prepared
Series B
Real-time Sahm Rule Recession Indicator
SAHMREALTIME
FRED · 797 raw → 797 prepared
Sign agreement
74.1%
How often both values share the same sign.
Zero crossings
1
Estimated crossover points between normalized spreads.
Slope
-2.0464
Linear regression slope.
Intercept
0.0160
Linear regression intercept.
Saved last month · ID: fred-sahmrealtime_stock-ni_monthly_5y