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.

Solusi Sinergi Digital (WIFI.JK) against…

Series	1M	3M ↓	1Y	n 1Y	3Y	3M − 3Y	Beta 1Y
JCI (IHSG) jci	0.91	0.71	0.65	225	0.22	+0.49	1.75	scatter
Emtek (EMTK.JK) EMTK.JK	0.49	0.61	0.39	244	0.19	+0.42	0.42	scatter
Sarana Menara (TOWR.JK) TOWR.JK	0.38	0.48	0.28	244	0.04	+0.44	0.50	scatter
LQ45 lq45	0.66	0.48	0.55	225	0.16	+0.31	1.40	scatter
Bukalapak (BUKA.JK) BUKA.JK	0.41	0.39	0.31	244	0.17	+0.22	0.50	scatter
Metrodata (MTDL.JK) MTDL.JK	0.25	0.38	0.31	244	0.05	+0.32	0.88	scatter
DCI Indonesia (DCII.JK) DCII.JK	0.00	0.24	0.22	244	0.14	+0.10	0.41	scatter
Indosat (ISAT.JK) ISAT.JK	0.11	0.22	0.22	244	−0.04	+0.26 ⇄	0.30	scatter
USD/IDR usdidr	0.36	0.20	−0.01	229	0.07	+0.12	−0.08	scatter
Telkom (TLKM.JK) TLKM.JK	0.21	0.08	0.24	244	0.06	+0.02	0.39	scatter
PHLX Semiconductor (SOX) sox	−0.24	0.07	0.09	223	0.08	−0.01	0.14	scatter
DXY dxy	0.38	−0.06	−0.15	223	−0.09	+0.03	−2.01	scatter
UST 10YR ust10y	0.39	0.06	−0.09	223	−0.09	+0.14 ⇄	−0.09	scatter
Brent brent	0.45	0.05	−0.13	223	−0.06	+0.11 ⇄	−0.17	scatter
Bitcoin btc	−0.10	−0.05	0.06	230	0.10	−0.15 ⇄	0.10	scatter
UST 2YR ust2y	0.60	0.05	−0.09	223	−0.07	+0.13 ⇄	−0.08	scatter
S&P 500 spx	−0.19	−0.05	0.10	223	0.16	−0.21 ⇄	0.53	scatter
Copper copper	−0.07	0.04	0.24	223	0.10	−0.06	0.62	scatter
INDOGB 10YR id10y	−0.18	−0.04	−0.16	216	−0.06	+0.03	−0.09	scatter
Gold gold	−0.23	0.03	0.20	223	0.12	−0.10	0.49	scatter
Nasdaq 100 ndx	−0.21	0.01	0.09	223	0.12	−0.11	0.31	scatter
GoTo (GOTO.JK) GOTO.JK	–	–	0.22	244	0.07	–	0.44	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 Solusi Sinergi Digital (WIFI.JK) 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 ↓

Solusi Sinergi Digital (WIFI.JK) · 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	−0.09	0.14	−0.05	0.00	−0.02	−0.02	−0.07	0.14	0.00	−0.03	0.65	0.08	0.02	−0.05	0.06	0.01	−0.06	−0.07	−0.09	0.07	0.01

Lag +k: today's change in Solusi Sinergi Digital (WIFI.JK) 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.