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.

BCA (BBCA) against…

Series	1M	3M	1Y	n 1Y	3Y ↓	3M − 3Y	Beta 1Y
LQ45 lq45	0.97	0.90	0.78	240	0.60	+0.30	0.99	scatter
JCI (IHSG) jci	0.94	0.83	0.68	240	0.52	+0.31	0.92	scatter
Indosat (ISAT.JK) ISAT.JK	0.22	0.11	0.32	229	0.24	−0.13	0.21	scatter
Sarana Menara (TOWR.JK) TOWR.JK	0.45	0.15	0.35	229	0.21	−0.06	0.30	scatter
INDOGB 10YR id10y	−0.33	−0.14	−0.21	205	−0.19	+0.06	−0.06	scatter
Solusi Sinergi Digital (WIFI.JK) WIFI.JK	0.41	0.09	0.27	229	0.16	−0.07	0.14	scatter
Bukalapak (BUKA.JK) BUKA.JK	0.25	0.14	0.29	229	0.15	−0.01	0.25	scatter
Emtek (EMTK.JK) EMTK.JK	0.46	0.44	0.28	229	0.15	+0.29	0.15	scatter
Metrodata (MTDL.JK) MTDL.JK	0.25	0.15	0.24	229	0.14	+0.01	0.34	scatter
Brent brent	−0.31	−0.15	−0.12	238	−0.12	−0.03	−0.08	scatter
USD/IDR usdidr	−0.34	−0.26	−0.13	244	−0.09	−0.17	−0.57	scatter
S&P 500 spx	0.31	0.24	0.08	238	0.06	+0.17	0.25	scatter
Copper copper	−0.08	0.06	0.11	238	0.06	0.00	0.16	scatter
Nasdaq 100 ndx	0.38	0.31	0.07	238	0.05	+0.26	0.13	scatter
Gold gold	−0.19	0.05	−0.06	238	−0.04	+0.09 ⇄	−0.07	scatter
GoTo (GOTO.JK) GOTO.JK	–	–	0.10	229	0.03	–	0.09	scatter
UST 10YR ust10y	0.24	−0.07	−0.01	235	−0.02	−0.05	0.00	scatter
DCI Indonesia (DCII.JK) DCII.JK	0.01	−0.07	0.15	229	0.01	−0.08 ⇄	0.14	scatter
Bitcoin btc	−0.27	0.17	−0.01	243	−0.01	+0.18 ⇄	−0.01	scatter
DXY dxy	0.13	−0.05	0.03	238	0.00	−0.05 ⇄	0.23	scatter
PHLX Semiconductor (SOX) sox	0.28	0.18	0.00	238	0.00	+0.17	0.00	scatter
UST 2YR ust2y	0.34	−0.02	0.02	235	0.00	−0.03 ⇄	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 BCA (BBCA) 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 ↓

BCA (BBCA) · LQ45

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	−0.02	−0.06	−0.05	0.02	−0.02	−0.15	0.03	−0.02	−0.09	0.10	0.78	0.03	−0.04	0.08	0.00	0.00	−0.09	−0.09	0.01	0.02	−0.06

Lag +k: today's change in BCA (BBCA) against the change in LQ45 k readings later (positive = the first one leads). A peak away from 0 is a description of the past year only.