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.

Amman Mineral (AMMN) against…

Series	1M	3M	1Y	n 1Y	3Y ↓	3M − 3Y	Beta 1Y
JCI (IHSG) jci	0.48	0.61	0.64	240	0.46	+0.15	1.89	scatter
LQ45 lq45	0.56	0.64	0.63	240	0.44	+0.21	1.77	scatter
INDOGB 10YR id10y	−0.62	−0.25	−0.23	206	−0.23	−0.02	−0.14	scatter
Emtek (EMTK.JK) EMTK.JK	0.08	0.50	0.43	230	0.21	+0.29	0.51	scatter
Sarana Menara (TOWR.JK) TOWR.JK	0.16	0.27	0.33	230	0.16	+0.11	0.61	scatter
Metrodata (MTDL.JK) MTDL.JK	0.30	0.17	0.26	230	0.13	+0.04	0.77	scatter
Indosat (ISAT.JK) ISAT.JK	0.09	0.14	0.18	230	0.11	+0.03	0.25	scatter
USD/IDR usdidr	−0.40	−0.18	−0.04	244	−0.11	−0.08	−0.39	scatter
Solusi Sinergi Digital (WIFI.JK) WIFI.JK	−0.08	0.38	0.29	230	0.11	+0.27	0.31	scatter
Gold gold	0.24	0.17	0.15	237	0.10	+0.07	0.40	scatter
Bukalapak (BUKA.JK) BUKA.JK	0.00	0.36	0.30	230	0.09	+0.27	0.53	scatter
UST 10YR ust10y	0.12	0.08	−0.01	234	0.07	+0.01	−0.01	scatter
GoTo (GOTO.JK) GOTO.JK	–	–	0.25	230	0.07	–	0.53	scatter
DXY dxy	−0.02	−0.04	−0.08	237	−0.06	+0.03	−1.10	scatter
DCI Indonesia (DCII.JK) DCII.JK	−0.78	0.00	0.15	230	0.06	−0.06	0.28	scatter
UST 2YR ust2y	0.06	0.04	−0.05	234	0.06	−0.01	−0.05	scatter
Brent brent	−0.14	−0.01	−0.09	237	−0.04	+0.04	−0.13	scatter
S&P 500 spx	0.01	0.03	0.08	237	0.04	−0.01	0.44	scatter
Bitcoin btc	−0.06	0.13	0.03	244	0.04	+0.09	0.05	scatter
Copper copper	0.18	0.26	0.11	237	0.03	+0.23	0.32	scatter
PHLX Semiconductor (SOX) sox	−0.03	0.11	0.02	237	0.03	+0.08	0.03	scatter
Nasdaq 100 ndx	0.05	0.11	0.02	237	0.03	+0.08	0.08	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 Amman Mineral (AMMN) 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 ↓

Amman Mineral (AMMN) · 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	−0.12	0.05	0.02	−0.22	0.00	−0.04	0.03	0.17	0.03	−0.08	0.64	−0.05	0.01	0.07	−0.03	0.06	0.06	0.01	0.06	0.10	0.03

Lag +k: today's change in Amman Mineral (AMMN) 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.