Relationship Lab

How a series has moved with others: the correlation of daily changes (% for prices, bp for rates) over 1 and 3 years, the beta, a rolling correlation and whether one tends to move first. Correlation is not causation, and it changes over time.

Alfamart (AMRT) against…

Series	1M ↓	3M	1Y	n 1Y	3Y	3M − 3Y	Beta 1Y
LQ45 lq45	0.85	0.68	0.54	240	0.45	+0.23	0.91	scatter
JCI (IHSG) jci	0.81	0.67	0.53	240	0.44	+0.22	0.95	scatter
Emtek (EMTK.JK) EMTK.JK	0.78	0.32	0.33	229	0.12	+0.19	0.26	scatter
Sarana Menara (TOWR.JK) TOWR.JK	0.71	0.17	0.28	229	0.15	+0.02	0.34	scatter
Bukalapak (BUKA.JK) BUKA.JK	0.64	0.22	0.27	229	0.09	+0.12	0.32	scatter
Metrodata (MTDL.JK) MTDL.JK	0.61	0.62	0.27	229	0.14	+0.47	0.51	scatter
INDOGB 10YR id10y	0.46	−0.09	−0.08	205	−0.10	+0.02	−0.03	scatter
Nasdaq 100 ndx	0.36	0.17	0.09	238	0.05	+0.11	0.21	scatter
DCI Indonesia (DCII.JK) DCII.JK	−0.34	0.07	0.13	229	0.04	+0.03	0.16	scatter
Brent brent	−0.32	0.00	−0.10	238	−0.08	+0.08 ⇄	−0.09	scatter
Indosat (ISAT.JK) ISAT.JK	−0.30	0.05	0.16	229	0.15	−0.09	0.15	scatter
S&P 500 spx	0.28	0.12	0.10	238	0.05	+0.06	0.38	scatter
PHLX Semiconductor (SOX) sox	0.26	0.16	0.14	238	0.10	+0.06	0.15	scatter
USD/IDR usdidr	−0.26	−0.14	−0.02	244	−0.07	−0.07	−0.10	scatter
Gold gold	−0.20	0.14	0.09	238	0.06	+0.09	0.16	scatter
UST 10YR ust10y	−0.17	0.00	−0.02	235	−0.01	+0.01 ⇄	−0.01	scatter
DXY dxy	0.11	−0.03	−0.02	238	0.01	−0.04 ⇄	−0.23	scatter
Bitcoin btc	−0.09	0.18	0.02	243	0.02	+0.16	0.02	scatter
Copper copper	−0.08	0.09	0.11	238	0.06	+0.02	0.21	scatter
Solusi Sinergi Digital (WIFI.JK) WIFI.JK	0.05	0.28	0.31	229	0.11	+0.17	0.22	scatter
UST 2YR ust2y	0.04	−0.05	−0.03	235	0.00	−0.05	−0.02	scatter
GoTo (GOTO.JK) GOTO.JK	–	–	0.10	229	0.09	–	0.13	scatter
Newcastle coal coal	–	–	–	0	–	–	–	scatter

Compared with the headline cross-asset series and the series in the same catalog category and country. Changes are matched on common dates. Beta = change in Alfamart (AMRT) per unit change in the other series (least squares, 1 year). Amber: fewer than 20 common changes (hover a value for its n). Stability: the 3-month correlation minus the 3-year one; ⇄ marks opposite signs. A change in correlation describes the past; it does not say the relationship has broken or will return. Data ↓

Alfamart (AMRT) · LQ45

20 60 120 252

Rolling correlation of daily changes over the last 60 common readings, last 3 years.

Who moves first? (1 year)

Lag (readings)	-10	-9	-8	-7	-6	-5	-4	-3	-2	-1	+0	+1	+2	+3	+4	+5	+6	+7	+8	+9	+10
correlation	−0.12	−0.01	−0.02	−0.20	−0.07	0.03	0.06	0.03	−0.08	−0.07	0.54	−0.02	−0.07	−0.03	−0.04	0.18	0.03	−0.01	−0.02	0.01	0.00

Lag +k: today's change in Alfamart (AMRT) against the change in LQ45 k readings later (positive = the first one leads). A peak away from 0 is a description of the past year only.