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.

Supermicro (SMCI) against…

Series	1M ↓	3M	1Y	n 1Y	3Y	3M − 3Y	Beta 1Y
Digital Realty (DLR) DLR	0.77	0.32	0.37	250	0.36	−0.04	1.27	scatter
UST 10YR ust10y	−0.76	−0.28	−0.27	238	−0.11	−0.17	−0.38	scatter
Eaton (ETN) ETN	0.76	0.50	0.45	250	0.42	+0.08	1.07	scatter
S&P 500 spx	0.73	0.52	0.53	238	0.46	+0.06	3.84	scatter
Arista (ANET) ANET	0.71	0.52	0.35	250	0.31	+0.21	0.59	scatter
Copper copper	0.70	0.31	0.21	238	0.16	+0.15	0.72	scatter
Constellation (CEG) CEG	0.68	0.48	0.35	250	0.33	+0.15	0.69	scatter
Nasdaq 100 ndx	0.67	0.58	0.54	238	0.49	+0.09	2.56	scatter
UST 2YR ust2y	−0.65	−0.20	−0.18	238	0.00	−0.20 ⇄	−0.23	scatter
Dell (DELL) DELL	0.60	0.69	0.51	250	0.44	+0.25	0.62	scatter
Coherent (COHR) COHR	0.57	0.53	0.40	250	0.42	+0.11	0.43	scatter
PHLX Semiconductor (SOX) sox	0.57	0.65	0.53	238	0.52	+0.13	1.10	scatter
Brent brent	−0.49	−0.20	−0.16	238	0.04	−0.25 ⇄	−0.27	scatter
Ciena (CIEN) CIEN	0.43	0.58	0.39	250	0.28	+0.30	0.50	scatter
Gold gold	0.43	0.27	0.18	238	0.15	+0.12	0.57	scatter
CoreWeave (CRWV) CRWV	0.41	0.63	0.40	250	0.34	+0.29	0.39	scatter
LQ45 lq45	0.39	0.23	−0.07	220	0.12	+0.11	−0.24	scatter
USD/IDR usdidr	−0.38	0.03	0.09	238	−0.07	+0.09 ⇄	1.06	scatter
DXY dxy	−0.25	−0.10	−0.17	238	−0.08	−0.02	−3.04	scatter
Bitcoin btc	0.22	0.03	0.21	239	0.17	−0.13	0.44	scatter
JCI (IHSG) jci	0.20	0.34	−0.04	220	0.12	+0.22	−0.12	scatter
INDOGB 10YR id10y	−0.01	0.11	0.01	213	−0.04	+0.15 ⇄	0.01	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 Supermicro (SMCI) 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 ↓

Supermicro (SMCI) · Digital Realty (DLR)

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	0.04	−0.03	−0.04	0.06	−0.02	0.02	0.05	−0.05	0.09	−0.07	0.37	−0.10	0.10	0.04	−0.03	−0.05	−0.01	−0.25	0.06	0.01	0.06

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