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.

SentinelOne (S) against…

Series	1M	3M	1Y	n 1Y	3Y	3M − 3Y ↓	Beta 1Y
Coherent (COHR) COHR	−0.53	−0.19	−0.08	250	0.23	−0.42 ⇄	−0.05	scatter
Constellation (CEG) CEG	−0.55	−0.24	−0.04	250	0.13	−0.38 ⇄	−0.04	scatter
PHLX Semiconductor (SOX) sox	0.11	−0.11	0.04	238	0.27	−0.37 ⇄	0.04	scatter
USD/IDR usdidr	0.59	0.27	−0.02	238	−0.10	+0.37 ⇄	−0.15	scatter
Eaton (ETN) ETN	−0.44	−0.08	−0.03	250	0.23	−0.30 ⇄	−0.04	scatter
Arista (ANET) ANET	−0.20	−0.03	0.15	250	0.25	−0.28 ⇄	0.14	scatter
Digital Realty (DLR) DLR	−0.31	−0.06	−0.01	250	0.18	−0.25 ⇄	−0.01	scatter
Bitcoin btc	0.05	0.02	0.21	239	0.22	−0.20	0.26	scatter
DXY dxy	0.47	0.11	0.01	238	−0.08	+0.20 ⇄	0.06	scatter
Nasdaq 100 ndx	0.30	0.19	0.26	238	0.38	−0.19	0.70	scatter
S&P 500 spx	0.16	0.22	0.28	238	0.40	−0.19	1.17	scatter
Ciena (CIEN) CIEN	−0.17	−0.06	−0.06	250	0.12	−0.18 ⇄	−0.04	scatter
Copper copper	0.06	−0.11	−0.04	238	0.05	−0.16 ⇄	−0.07	scatter
Brent brent	0.06	−0.15	−0.04	238	0.01	−0.16 ⇄	−0.04	scatter
CoreWeave (CRWV) CRWV	−0.20	−0.11	0.06	250	0.04	−0.15 ⇄	0.03	scatter
JCI (IHSG) jci	0.01	−0.07	−0.04	220	0.08	−0.15 ⇄	−0.07	scatter
Dell (DELL) DELL	−0.31	0.05	0.09	250	0.20	−0.15	0.06	scatter
INDOGB 10YR id10y	−0.28	0.03	−0.04	213	−0.07	+0.10 ⇄	−0.02	scatter
LQ45 lq45	−0.05	0.03	0.02	220	0.12	−0.09	0.04	scatter
UST 2YR ust2y	0.18	−0.16	−0.12	238	−0.07	−0.09	−0.09	scatter
Gold gold	−0.55	−0.11	−0.06	238	−0.03	−0.08	−0.12	scatter
UST 10YR ust10y	−0.06	−0.14	−0.09	238	−0.09	−0.05	−0.07	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 SentinelOne (S) 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 ↓

SentinelOne (S) · Coherent (COHR)

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	0.07	0.01	−0.03	−0.03	−0.04	−0.01	0.07	0.00	0.04	0.05	−0.08	0.06	−0.05	−0.02	0.11	0.03	−0.09	−0.02	−0.02	−0.10	−0.01

Lag +k: today's change in SentinelOne (S) against the change in Coherent (COHR) k readings later (positive = the first one leads). A peak away from 0 is a description of the past year only.