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.

BTN (BBTN) against…

Series	1M	3M	1Y	n 1Y	3Y	3M − 3Y ↓	Beta 1Y
LQ45 lq45	0.75	0.72	0.66	240	0.50	+0.23	1.00	scatter
Solusi Sinergi Digital (WIFI.JK) WIFI.JK	0.53	0.27	0.34	230	0.06	+0.21	0.20	scatter
Emtek (EMTK.JK) EMTK.JK	0.27	0.45	0.37	230	0.24	+0.21	0.24	scatter
JCI (IHSG) jci	0.77	0.63	0.61	240	0.44	+0.19	0.97	scatter
Bitcoin btc	0.12	0.19	−0.02	244	0.01	+0.18	−0.02	scatter
DXY dxy	−0.42	−0.17	0.01	237	0.01	−0.17 ⇄	0.05	scatter
Indosat (ISAT.JK) ISAT.JK	−0.16	0.04	0.23	230	0.16	−0.12	0.18	scatter
Gold gold	0.18	0.09	0.02	237	0.01	+0.08	0.03	scatter
Nasdaq 100 ndx	0.08	0.12	−0.04	237	0.05	+0.08	−0.08	scatter
Sarana Menara (TOWR.JK) TOWR.JK	−0.04	0.19	0.34	230	0.27	−0.08	0.35	scatter
DCI Indonesia (DCII.JK) DCII.JK	0.23	0.01	0.16	230	−0.06	+0.08 ⇄	0.17	scatter
Metrodata (MTDL.JK) MTDL.JK	−0.16	0.20	0.29	230	0.15	+0.05	0.46	scatter
Brent brent	−0.19	0.02	−0.03	237	−0.02	+0.04 ⇄	−0.02	scatter
PHLX Semiconductor (SOX) sox	0.07	0.04	−0.09	237	0.00	+0.04	−0.08	scatter
S&P 500 spx	0.21	0.10	0.01	237	0.06	+0.04	0.02	scatter
USD/IDR usdidr	−0.16	−0.12	−0.06	244	−0.09	−0.03	−0.31	scatter
INDOGB 10YR id10y	−0.30	−0.17	−0.25	206	−0.20	+0.03	−0.08	scatter
UST 10YR ust10y	0.00	−0.01	0.00	234	0.02	−0.03 ⇄	0.00	scatter
UST 2YR ust2y	0.08	0.06	0.06	234	0.04	+0.02	0.03	scatter
Copper copper	−0.06	−0.01	0.03	237	0.00	−0.01	0.05	scatter
Bukalapak (BUKA.JK) BUKA.JK	0.54	0.24	0.41	230	0.24	0.00	0.40	scatter
GoTo (GOTO.JK) GOTO.JK	–	–	0.08	230	0.03	–	0.09	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 BTN (BBTN) 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 ↓

BTN (BBTN) · 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	0.05	0.03	−0.04	0.01	−0.15	−0.06	0.10	−0.11	0.02	0.66	−0.07	−0.08	0.14	0.00	0.00	−0.11	−0.17	0.05	0.07	−0.05

Lag +k: today's change in BTN (BBTN) 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.