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.

Metrodata (MTDL.JK) against…

Series	1M	3M	1Y	n 1Y	3Y	3M − 3Y ↓	Beta 1Y
Solusi Sinergi Digital (WIFI.JK) WIFI.JK	0.25	0.38	0.31	244	0.05	+0.32	0.11	scatter
Indosat (ISAT.JK) ISAT.JK	0.01	−0.02	0.24	245	0.26	−0.28 ⇄	0.11	scatter
UST 2YR ust2y	−0.46	−0.29	−0.04	224	−0.05	−0.24	−0.01	scatter
PHLX Semiconductor (SOX) sox	0.14	−0.10	0.03	226	0.10	−0.21 ⇄	0.02	scatter
Nasdaq 100 ndx	0.35	−0.05	0.04	226	0.10	−0.14 ⇄	0.05	scatter
INDOGB 10YR id10y	−0.14	0.06	−0.14	216	−0.08	+0.14 ⇄	−0.03	scatter
Telkom (TLKM.JK) TLKM.JK	0.39	0.16	0.36	245	0.28	−0.12	0.20	scatter
Brent brent	−0.01	0.00	−0.07	226	−0.12	+0.12	−0.03	scatter
UST 10YR ust10y	−0.38	−0.19	0.04	224	−0.08	−0.11	0.01	scatter
S&P 500 spx	0.40	−0.03	0.00	226	0.08	−0.11 ⇄	0.00	scatter
Sarana Menara (TOWR.JK) TOWR.JK	0.27	0.24	0.34	244	0.35	−0.11	0.22	scatter
DCI Indonesia (DCII.JK) DCII.JK	−0.20	0.13	0.18	244	0.05	+0.09	0.12	scatter
USD/IDR usdidr	−0.15	0.01	−0.02	231	−0.08	+0.08 ⇄	−0.07	scatter
DXY dxy	−0.09	−0.12	−0.04	226	−0.05	−0.07	−0.18	scatter
Copper copper	0.06	0.05	0.10	226	−0.02	+0.07 ⇄	0.09	scatter
Emtek (EMTK.JK) EMTK.JK	0.28	0.19	0.27	244	0.23	−0.04	0.10	scatter
Gold gold	−0.63	0.05	0.14	226	0.08	−0.03	0.12	scatter
Bitcoin btc	−0.19	0.04	0.04	231	0.01	+0.03	0.02	scatter
LQ45 lq45	0.22	0.26	0.39	226	0.28	−0.02	0.37	scatter
Bukalapak (BUKA.JK) BUKA.JK	0.45	0.26	0.27	244	0.24	+0.02	0.16	scatter
JCI (IHSG) jci	−0.08	0.26	0.39	226	0.27	−0.02	0.40	scatter
GoTo (GOTO.JK) GOTO.JK	–	–	0.03	244	0.13	–	0.02	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 Metrodata (MTDL.JK) 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 ↓

Metrodata (MTDL.JK) · 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	−0.02	0.05	−0.05	0.00	−0.08	−0.03	−0.04	0.07	0.02	−0.05	0.31	−0.04	0.01	0.17	−0.09	−0.06	0.06	−0.07	−0.02	0.03	0.03

Lag +k: today's change in Metrodata (MTDL.JK) 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.