When your correlation search runs, it should produce a log also:
index=_* component=SavedSplunker status=success sourcetype=scheduler
08-16-2019 18:08:25.124 +0000 INFO SavedSplunker - savedsearch_id="nobody;DA-ESS-EndpointProtection;Threat -customt - Rule", search_type="", user="me@here", app="DA-ESS-EndpointProtection", savedsearch_name="Threat - custom - Rule", priority=default, status=success, digest_mode=1, scheduled_time=1565978880, window_time=0, dispatch_time=1565978881, run_time=3.585, result_count=0, alert_actions="", sid="scheduler_ZGF2aWQuc2NobWVsdHpAdmEuZ292_REEtRVNTLUVuZHBvaW50UHJvdGVjdGlvbg__RMD528c6568bd07320c3_at_1565978880_0_916EF5DB-94A8-4135-BC30-1E725A10F8A5", suppressed=0, thread_id="AlertNotifierWorker-0", workload_pool=""
You can see if the search produced results, and if any of those results were suppressed.
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