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Northrop Grumman Corp. (NOC) vs Avg Hourly Earnings
Correlation
of % moves
+28%
In sync
of periods
59%
History
monthsmonths · through 2026-04
59
These move in the same direction about 59% of the time
Their swing sizes only faintly line up (~8% 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
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)
58.6%
Headline metric
Movement correlation(i)
+28%
Based on % moves
95% CI
+2% → +50%
Pipeline
Pipeline Summary
59 paired data points survived the monthly window.
Raw input
1,254
242
Normalized
1,254
242
Prepared
60
242
Aligned
59
59
Invalid removed
Likely range of correlation
R²(i)
7.9%
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
No shift
Correlation at this shift
+28%
No shift — both series at their actual dates.
58 overlapping points at this shift
Baseline
+28%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+28%
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
+10%
34 periods · Return correlation when both series rose
Both Falling
N/A
0 periods · Return correlation when both series fell
Diverging
+16%
24 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
184
A: 1 / B: 183
Series A
Northrop Grumman Corp. (NOC)
NOC
Stock · 1,254 raw → 60 prepared
Series B
Avg Hourly Earnings
CES0500000003
FRED · 242 raw → 242 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
7
Estimated crossover points between normalized spreads.
Slope
0.0069
Linear regression slope.
Intercept
0.0034
Linear regression intercept.
Saved 3 weeks ago · ID: fred-ces0500000003_stock-noc_monthly_5y