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.

Arm (ARM) against…

Series	1M	3M	1Y ↓	n 1Y	3Y	3M − 3Y	Beta 1Y
PHLX Semiconductor (SOX) sox	0.89	0.82	0.68	240	0.69	+0.13	1.19	scatter
Nasdaq 100 ndx	0.87	0.76	0.64	240	0.66	+0.10	2.58	scatter
S&P 500 spx	0.80	0.59	0.56	240	0.60	−0.01	3.45	scatter
Eaton (ETN) ETN	0.74	0.60	0.47	250	0.49	+0.11	0.94	scatter
Coherent (COHR) COHR	0.61	0.65	0.46	250	0.57	+0.08	0.42	scatter
CoreWeave (CRWV) CRWV	0.43	0.51	0.45	250	0.37	+0.14	0.37	scatter
Arista (ANET) ANET	0.59	0.49	0.41	250	0.48	+0.01	0.61	scatter
Ciena (CIEN) CIEN	0.53	0.62	0.41	250	0.43	+0.19	0.45	scatter
Dell (DELL) DELL	0.37	0.46	0.40	250	0.39	+0.07	0.43	scatter
Copper copper	0.60	0.49	0.33	240	0.23	+0.26	0.94	scatter
UST 10YR ust10y	−0.66	−0.32	−0.30	238	0.00	−0.32 ⇄	−0.35	scatter
Constellation (CEG) CEG	0.53	0.32	0.30	250	0.32	0.00	0.50	scatter
Digital Realty (DLR) DLR	0.70	0.30	0.27	250	0.31	−0.01	0.79	scatter
Bitcoin btc	0.63	0.28	0.23	239	0.24	+0.04	0.42	scatter
Brent brent	−0.63	−0.30	−0.23	240	−0.02	−0.28	−0.33	scatter
Gold gold	0.36	0.25	0.21	240	0.08	+0.16	0.57	scatter
UST 2YR ust2y	−0.41	−0.14	−0.16	238	0.06	−0.20 ⇄	−0.18	scatter
DXY dxy	−0.17	−0.10	−0.15	240	−0.09	−0.01	−2.36	scatter
INDOGB 10YR id10y	−0.19	0.01	−0.02	213	−0.05	+0.07 ⇄	−0.01	scatter
LQ45 lq45	0.23	0.20	−0.01	221	0.09	+0.10	−0.04	scatter
USD/IDR usdidr	−0.28	−0.12	−0.01	239	−0.13	+0.01	−0.06	scatter
JCI (IHSG) jci	0.19	0.25	0.00	221	0.09	+0.15	0.00	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 Arm (ARM) 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 ↓

Arm (ARM) · PHLX Semiconductor (SOX)

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	0.10	−0.02	0.08	0.06	−0.02	−0.12	−0.08	0.05	−0.07	0.00	0.68	0.05	−0.04	0.07	−0.08	−0.04	−0.08	0.09	0.07	0.04	0.06

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