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.

Jasa Marga (JSMR) against…

Series	1M ↓	3M	1Y	n 1Y	3Y	3M − 3Y	Beta 1Y
JCI (IHSG) jci	0.76	0.63	0.45	240	0.36	+0.26	0.54	scatter
LQ45 lq45	0.69	0.61	0.45	240	0.36	+0.25	0.52	scatter
Metrodata (MTDL.JK) MTDL.JK	−0.47	0.24	0.19	230	0.11	+0.13	0.23	scatter
Solusi Sinergi Digital (WIFI.JK) WIFI.JK	0.46	0.48	0.27	230	0.09	+0.39	0.12	scatter
DXY dxy	−0.30	−0.39	−0.15	237	−0.10	−0.30	−0.92	scatter
INDOGB 10YR id10y	−0.30	−0.14	−0.21	206	−0.17	+0.03	−0.05	scatter
DCI Indonesia (DCII.JK) DCII.JK	0.26	0.09	0.17	230	0.02	+0.07	0.13	scatter
Sarana Menara (TOWR.JK) TOWR.JK	−0.25	0.12	0.29	230	0.20	−0.08	0.22	scatter
Indosat (ISAT.JK) ISAT.JK	0.24	0.23	0.29	230	0.24	−0.01	0.16	scatter
Gold gold	0.20	0.18	0.05	237	0.10	+0.08	0.05	scatter
UST 2YR ust2y	0.16	−0.07	−0.05	234	0.05	−0.11 ⇄	−0.02	scatter
USD/IDR usdidr	−0.15	−0.03	−0.01	244	−0.06	+0.03	−0.02	scatter
UST 10YR ust10y	0.12	−0.01	−0.04	234	0.08	−0.09 ⇄	−0.02	scatter
Bukalapak (BUKA.JK) BUKA.JK	0.12	0.14	0.23	230	0.12	+0.01	0.17	scatter
Brent brent	−0.07	−0.01	−0.13	237	−0.07	+0.06	−0.08	scatter
S&P 500 spx	0.06	0.08	−0.01	237	0.02	+0.07	−0.02	scatter
Emtek (EMTK.JK) EMTK.JK	0.04	0.45	0.31	230	0.14	+0.31	0.15	scatter
Bitcoin btc	−0.04	0.15	−0.01	244	0.06	+0.09	−0.01	scatter
PHLX Semiconductor (SOX) sox	−0.03	0.02	−0.02	237	0.03	−0.01	−0.01	scatter
Nasdaq 100 ndx	−0.01	0.08	−0.03	237	0.01	+0.07	−0.05	scatter
Copper copper	0.00	0.16	0.07	237	0.04	+0.12	0.08	scatter
GoTo (GOTO.JK) GOTO.JK	–	–	0.04	230	0.04	–	0.03	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 Jasa Marga (JSMR) 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 ↓

Jasa Marga (JSMR) · JCI (IHSG)

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	−0.03	0.11	0.04	0.09	−0.04	0.05	0.11	0.07	−0.03	0.03	0.45	0.03	−0.10	−0.05	−0.08	−0.06	0.00	0.03	0.07	−0.04	0.02

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