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.

AKR Corporindo (AKRA) against…

Series	1M	3M	1Y	n 1Y	3Y	3M − 3Y ↓	Beta 1Y
Copper copper	0.20	0.39	0.07	237	0.05	+0.34	0.10	scatter
Solusi Sinergi Digital (WIFI.JK) WIFI.JK	0.30	0.32	0.18	230	0.01	+0.31	0.10	scatter
DXY dxy	−0.09	−0.19	−0.05	237	−0.01	−0.18	−0.37	scatter
Bukalapak (BUKA.JK) BUKA.JK	−0.06	−0.11	0.19	230	0.07	−0.18 ⇄	0.18	scatter
Nasdaq 100 ndx	0.19	0.14	−0.06	237	−0.03	+0.17 ⇄	−0.11	scatter
Brent brent	0.05	−0.09	0.03	237	0.08	−0.17 ⇄	0.02	scatter
PHLX Semiconductor (SOX) sox	0.05	0.10	−0.07	237	−0.04	+0.13 ⇄	−0.06	scatter
UST 10YR ust10y	0.35	0.09	−0.07	234	−0.04	+0.13 ⇄	−0.04	scatter
Gold gold	0.00	0.10	0.01	237	−0.02	+0.12 ⇄	0.01	scatter
DCI Indonesia (DCII.JK) DCII.JK	0.50	0.10	0.22	230	−0.02	+0.12 ⇄	0.22	scatter
S&P 500 spx	0.21	0.08	−0.02	237	−0.01	+0.09 ⇄	−0.05	scatter
Emtek (EMTK.JK) EMTK.JK	−0.26	0.12	0.15	230	0.04	+0.08	0.09	scatter
USD/IDR usdidr	−0.11	0.03	0.04	244	−0.03	+0.07 ⇄	0.19	scatter
Sarana Menara (TOWR.JK) TOWR.JK	−0.18	0.19	0.17	230	0.14	+0.05	0.16	scatter
Metrodata (MTDL.JK) MTDL.JK	−0.21	0.03	0.10	230	−0.02	+0.04 ⇄	0.16	scatter
JCI (IHSG) jci	0.62	0.30	0.36	240	0.27	+0.04	0.55	scatter
LQ45 lq45	0.57	0.25	0.34	240	0.28	−0.03	0.50	scatter
UST 2YR ust2y	0.22	−0.06	−0.14	234	−0.03	−0.03	−0.07	scatter
Indosat (ISAT.JK) ISAT.JK	0.18	0.03	0.14	230	0.06	−0.03	0.10	scatter
INDOGB 10YR id10y	−0.37	−0.04	−0.01	206	−0.03	−0.01	0.00	scatter
Bitcoin btc	0.10	0.04	0.01	244	0.05	−0.01	0.01	scatter
GoTo (GOTO.JK) GOTO.JK	–	–	−0.04	230	−0.04	–	−0.05	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 AKR Corporindo (AKRA) 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 ↓

AKR Corporindo (AKRA) · Copper

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	−0.05	−0.01	0.06	−0.08	0.06	0.05	0.02	−0.10	0.05	0.07	−0.11	0.05	0.01	−0.05	0.11	0.06	−0.05	−0.04	0.03	0.03

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