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.

Pertamina Geothermal (PGEO) against…

Series	1M	3M	1Y	n 1Y	3Y	3M − 3Y ↓	Beta 1Y
Solusi Sinergi Digital (WIFI.JK) WIFI.JK	0.63	0.51	0.36	229	0.10	+0.41	0.22	scatter
DCI Indonesia (DCII.JK) DCII.JK	0.32	0.21	0.19	229	−0.05	+0.26 ⇄	0.20	scatter
JCI (IHSG) jci	0.82	0.67	0.58	240	0.43	+0.24	0.87	scatter
Emtek (EMTK.JK) EMTK.JK	0.29	0.43	0.41	229	0.22	+0.22	0.27	scatter
LQ45 lq45	0.81	0.62	0.55	240	0.42	+0.21	0.78	scatter
PHLX Semiconductor (SOX) sox	0.27	0.22	0.00	238	0.09	+0.14	0.00	scatter
Bukalapak (BUKA.JK) BUKA.JK	0.44	0.33	0.30	229	0.20	+0.13	0.30	scatter
Copper copper	0.03	0.10	0.01	238	−0.03	+0.13 ⇄	0.01	scatter
Gold gold	−0.14	0.00	−0.07	238	−0.12	+0.12 ⇄	−0.11	scatter
Sarana Menara (TOWR.JK) TOWR.JK	0.16	0.10	0.29	229	0.21	−0.12	0.29	scatter
USD/IDR usdidr	−0.17	−0.10	−0.03	244	0.01	−0.11 ⇄	−0.17	scatter
Bitcoin btc	−0.07	−0.07	−0.01	243	0.03	−0.11 ⇄	−0.01	scatter
Nasdaq 100 ndx	0.43	0.23	0.02	238	0.13	+0.10	0.05	scatter
Metrodata (MTDL.JK) MTDL.JK	0.00	0.00	0.20	229	0.10	−0.10 ⇄	0.32	scatter
INDOGB 10YR id10y	−0.65	−0.20	−0.21	205	−0.14	−0.07	−0.07	scatter
DXY dxy	0.11	0.05	0.05	238	0.11	−0.06	0.39	scatter
UST 10YR ust10y	0.11	0.14	0.08	235	0.07	+0.06	0.05	scatter
Indosat (ISAT.JK) ISAT.JK	0.58	0.23	0.24	229	0.18	+0.04	0.19	scatter
Brent brent	−0.19	0.01	−0.09	238	−0.03	+0.04 ⇄	−0.07	scatter
UST 2YR ust2y	0.16	0.12	0.09	235	0.10	+0.02	0.05	scatter
S&P 500 spx	0.35	0.14	0.03	238	0.14	0.00	0.10	scatter
GoTo (GOTO.JK) GOTO.JK	–	–	0.10	229	−0.05	–	0.11	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 Pertamina Geothermal (PGEO) 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 ↓

Pertamina Geothermal (PGEO) · 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	−0.13	0.07	−0.06	−0.08	−0.01	0.06	−0.04	0.04	−0.10	0.01	0.36	−0.07	0.05	0.16	−0.01	−0.14	0.11	0.10	−0.10	0.02	−0.04

Lag +k: today's change in Pertamina Geothermal (PGEO) 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.