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.

Palantir (PLTR) against…

Series	1M	3M	1Y	n 1Y	3Y ↓	3M − 3Y	Beta 1Y
Nasdaq 100 ndx	0.33	0.48	0.42	240	0.51	−0.03	1.28	scatter
S&P 500 spx	0.17	0.44	0.42	240	0.50	−0.05	1.99	scatter
Coherent (COHR) COHR	−0.27	0.16	0.17	250	0.45	−0.29	0.12	scatter
PHLX Semiconductor (SOX) sox	0.20	0.28	0.19	240	0.36	−0.08	0.26	scatter
Arista (ANET) ANET	0.22	0.02	0.24	250	0.35	−0.33	0.26	scatter
Ciena (CIEN) CIEN	−0.33	0.04	0.15	250	0.29	−0.26	0.13	scatter
Digital Realty (DLR) DLR	0.08	−0.01	0.05	250	0.29	−0.30 ⇄	0.11	scatter
Bitcoin btc	0.34	0.22	0.36	239	0.28	−0.06	0.50	scatter
Eaton (ETN) ETN	−0.03	0.03	0.08	250	0.28	−0.25	0.12	scatter
Dell (DELL) DELL	−0.14	0.12	0.24	250	0.25	−0.13	0.19	scatter
CoreWeave (CRWV) CRWV	0.07	0.06	0.24	250	0.23	−0.17	0.15	scatter
Constellation (CEG) CEG	−0.47	−0.21	0.13	250	0.21	−0.43 ⇄	0.17	scatter
USD/IDR usdidr	0.04	−0.01	0.01	239	−0.12	+0.11	0.08	scatter
INDOGB 10YR id10y	−0.74	−0.14	−0.01	213	−0.11	−0.03	−0.01	scatter
DXY dxy	0.53	−0.07	−0.14	240	−0.10	+0.03	−1.67	scatter
Copper copper	0.13	0.13	0.20	240	0.10	+0.04	0.43	scatter
Gold gold	−0.06	0.21	0.18	240	0.09	+0.13	0.38	scatter
UST 2YR ust2y	0.31	−0.22	−0.06	238	0.06	−0.28 ⇄	−0.05	scatter
LQ45 lq45	0.51	0.27	0.10	221	0.05	+0.23	0.23	scatter
JCI (IHSG) jci	0.61	0.18	0.07	221	0.02	+0.16	0.17	scatter
Brent brent	0.03	−0.31	−0.05	240	0.01	−0.32 ⇄	−0.05	scatter
UST 10YR ust10y	0.16	−0.28	−0.08	238	0.00	−0.28	−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 Palantir (PLTR) 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 ↓

Palantir (PLTR) · Nasdaq 100

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	0.18	−0.02	−0.06	−0.11	−0.06	0.03	−0.05	0.08	0.03	0.04	0.42	−0.04	−0.02	0.02	−0.09	0.01	−0.02	−0.09	−0.11	−0.02	0.03

Lag +k: today's change in Palantir (PLTR) against the change in Nasdaq 100 k readings later (positive = the first one leads). A peak away from 0 is a description of the past year only.