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.

Nvidia (NVDA) against…

Series	1M	3M	1Y	n 1Y	3Y	3M − 3Y ↓	Beta 1Y
USD/IDR usdidr	0.54	0.33	0.08	239	−0.08	+0.41 ⇄	0.38	scatter
UST 2YR ust2y	−0.25	−0.30	−0.10	238	0.09	−0.39 ⇄	−0.05	scatter
INDOGB 10YR id10y	0.41	0.28	0.07	213	−0.02	+0.30 ⇄	0.02	scatter
Gold gold	−0.17	0.32	0.19	240	0.06	+0.26	0.24	scatter
UST 10YR ust10y	−0.65	−0.26	−0.15	238	−0.02	−0.25	−0.09	scatter
JCI (IHSG) jci	−0.33	0.26	0.07	221	0.05	+0.21	0.10	scatter
DXY dxy	−0.27	−0.22	−0.13	240	−0.07	−0.15	−1.00	scatter
Brent brent	−0.58	−0.16	−0.11	240	−0.02	−0.14	−0.08	scatter
Digital Realty (DLR) DLR	0.66	0.26	0.25	250	0.40	−0.14	0.35	scatter
Copper copper	0.30	0.33	0.34	240	0.19	+0.14	0.47	scatter
Nasdaq 100 ndx	0.50	0.62	0.68	240	0.76	−0.14	1.29	scatter
S&P 500 spx	0.50	0.58	0.64	240	0.71	−0.14	1.90	scatter
Constellation (CEG) CEG	0.47	0.29	0.31	250	0.41	−0.12	0.25	scatter
Eaton (ETN) ETN	0.49	0.48	0.42	250	0.57	−0.09	0.40	scatter
PHLX Semiconductor (SOX) sox	0.50	0.64	0.61	240	0.72	−0.09	0.51	scatter
Arista (ANET) ANET	0.48	0.45	0.42	250	0.54	−0.09	0.29	scatter
Coherent (COHR) COHR	0.29	0.50	0.46	250	0.58	−0.08	0.20	scatter
LQ45 lq45	−0.35	0.13	0.06	221	0.06	+0.07	0.08	scatter
Ciena (CIEN) CIEN	0.16	0.44	0.36	250	0.39	+0.05	0.19	scatter
CoreWeave (CRWV) CRWV	0.18	0.42	0.50	250	0.38	+0.04	0.20	scatter
Bitcoin btc	0.45	0.19	0.34	239	0.23	−0.04	0.30	scatter
Dell (DELL) DELL	0.49	0.47	0.28	250	0.45	+0.02	0.14	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 Nvidia (NVDA) 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 ↓

Nvidia (NVDA) · USD/IDR

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	−0.08	0.00	0.14	−0.13	0.12	−0.01	−0.01	0.08	−0.12	0.08	−0.09	−0.05	0.01	0.08	0.03	0.00	0.05	−0.05	−0.01	0.01

Lag +k: today's change in Nvidia (NVDA) against the change in USD/IDR k readings later (positive = the first one leads). A peak away from 0 is a description of the past year only.