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.

Ciputra (CTRA) against…

Series	1M	3M	1Y	n 1Y	3Y	3M − 3Y ↓	Beta 1Y
Solusi Sinergi Digital (WIFI.JK) WIFI.JK	−0.13	0.59	0.41	230	0.15	+0.44	0.20	scatter
Emtek (EMTK.JK) EMTK.JK	0.37	0.61	0.41	230	0.27	+0.34	0.22	scatter
Metrodata (MTDL.JK) MTDL.JK	0.53	0.53	0.36	231	0.24	+0.29	0.47	scatter
DCI Indonesia (DCII.JK) DCII.JK	−0.62	0.19	0.25	230	0.02	+0.17	0.22	scatter
INDOGB 10YR id10y	−0.44	−0.33	−0.11	206	−0.16	−0.16	−0.03	scatter
DXY dxy	−0.24	−0.23	−0.12	238	−0.10	−0.13	−0.81	scatter
JCI (IHSG) jci	0.32	0.57	0.58	240	0.45	+0.11	0.78	scatter
Gold gold	−0.03	0.19	0.04	238	0.08	+0.11	0.05	scatter
LQ45 lq45	0.48	0.55	0.59	240	0.46	+0.09	0.77	scatter
S&P 500 spx	−0.02	0.13	0.00	238	0.04	+0.08	0.01	scatter
Bukalapak (BUKA.JK) BUKA.JK	0.14	0.39	0.41	230	0.31	+0.07	0.33	scatter
Nasdaq 100 ndx	−0.16	0.11	−0.02	238	0.05	+0.06	−0.03	scatter
Sarana Menara (TOWR.JK) TOWR.JK	0.46	0.25	0.40	230	0.30	−0.05	0.33	scatter
UST 2YR ust2y	−0.15	−0.09	−0.03	235	−0.05	−0.04	−0.01	scatter
PHLX Semiconductor (SOX) sox	−0.23	0.08	−0.03	238	0.04	+0.04	−0.02	scatter
Indosat (ISAT.JK) ISAT.JK	0.27	0.29	0.33	231	0.26	+0.03	0.21	scatter
USD/IDR usdidr	−0.25	−0.07	−0.02	245	−0.10	+0.03	−0.08	scatter
UST 10YR ust10y	−0.15	−0.07	−0.05	235	−0.05	−0.02	−0.03	scatter
Copper copper	−0.10	0.11	0.14	238	0.10	+0.01	0.17	scatter
Bitcoin btc	−0.22	0.03	−0.03	245	0.03	−0.01	−0.02	scatter
Brent brent	−0.03	−0.03	−0.08	238	−0.04	+0.01	−0.05	scatter
GoTo (GOTO.JK) GOTO.JK	–	–	0.14	230	0.08	–	0.13	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 Ciputra (CTRA) 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 ↓

Ciputra (CTRA) · Solusi Sinergi Digital (WIFI.JK)

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	0.04	0.08	−0.04	0.03	−0.03	0.09	−0.11	−0.10	−0.01	0.02	0.41	−0.01	0.08	0.06	−0.07	0.05	0.02	−0.05	0.04	−0.01	−0.11

Lag +k: today's change in Ciputra (CTRA) against the change in Solusi Sinergi Digital (WIFI.JK) k readings later (positive = the first one leads). A peak away from 0 is a description of the past year only.