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Northern Trust Corp (NTRS) vs Real-time Sahm Rule Recession Indicator
Correlation
of % moves
-27%
In sync
of periods
43%
History
monthsmonths · through 2026-05
59
These move in the same direction about 43% of the time
Their swing sizes only faintly mirror each other (~7% 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
NTRS moves ~1 month before Real-time Sahm Rule Recession Indicator
Watch NTRS for an early read on Real-time Sahm Rule Recession Indicator.
Decouples in drawdowns
The relationship weakens when both prices are falling — don't count on this pair as a hedge under stress.
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)
42.9%
Headline metric
Movement correlation(i)
-27%
Based on % moves
95% CI
-50% → -1%
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)
7.3%
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
+1 month
Correlation at this shift
-37%
+10% stronger than no-shift baseline
Real-time Sahm Rule Recession Indicator shifted 1 month earlier. Reads: "Does Northern Trust Corp (NTRS) today line up with Real-time Sahm Rule Recession Indicator 1 month from now?"
55 overlapping points at this shift
Baseline
-27%
No-shift correlation, matching the main time-series chart above.
Peak shift
+1 month
-37%
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
+44%
12 periods · Return correlation when both series rose
Both Falling
+1%
9 periods · Return correlation when both series fell
Diverging
-68%
36 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
Northern Trust Corp (NTRS)
NTRS
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
4
Estimated crossover points between normalized spreads.
Slope
-1.0791
Linear regression slope.
Intercept
0.0024
Linear regression intercept.
Saved last month · ID: fred-sahmrealtime_stock-ntrs_monthly_5y