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.

M2 (IDR tn) against…

Series	1M	3M	1Y	n 1Y	3Y	3M − 3Y ↓	Beta 1Y
Copper copper	–	–	0.97	3	0.97	–	137.03	scatter
USD/IDR usdidr	–	–	0.95	3	0.95	–	297.15	scatter
JCI (IHSG) jci	–	–	−0.90	3	−0.90	–	−53.14	scatter
INDOGB 10YR id10y	–	–	0.89	3	0.89	–	63.39	scatter
PHLX Semiconductor (SOX) sox	–	–	0.88	3	0.88	–	50.91	scatter
Base money (adjusted) YoY id_base_money	–	–	−0.87	3	−0.87	–	−46.27	scatter
LQ45 lq45	–	–	−0.83	3	−0.83	–	−45.36	scatter
Brent brent	–	–	−0.79	3	−0.79	–	−103.73	scatter
M2 growth YoY id_m2	–	–	−0.73	3	−0.73	–	−81.94	scatter
DXY dxy	–	–	0.71	3	0.71	–	462.04	scatter
Nasdaq 100 ndx	–	–	0.60	3	0.60	–	87.96	scatter
Credit growth YoY id_credit	–	–	0.32	3	0.32	–	75.79	scatter
UST 2YR ust2y	–	–	−0.27	3	−0.27	–	−12.52	scatter
UST 10YR ust10y	–	–	−0.27	3	−0.27	–	−12.52	scatter
Gold gold	–	–	−0.22	3	−0.22	–	−39.66	scatter
Bitcoin btc	–	–	0.16	3	0.16	–	9.16	scatter
S&P 500 spx	–	–	−0.01	3	−0.01	–	−2.72	scatter
Newcastle coal coal	–	–	–	0	–	–	–	scatter
Indonesia Loan growth YoY tvm_ID_lg	–	–	–	0	–	–	–	scatter
Brazil Loan growth YoY tvm_BR_lg	–	–	–	0	–	–	–	scatter
China Loan growth YoY tvm_CN_lg	–	–	–	0	–	–	–	scatter
India Loan growth YoY tvm_IN_lg	–	–	–	0	–	–	–	scatter
Japan Loan growth YoY tvm_JP_lg	–	–	–	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 M2 (IDR tn) 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 ↓

M2 (IDR tn) · Copper

20 60 120 252

Not enough common dates for a rolling correlation.

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	–	–	–	–	–	–	–	–	–	–	0.97	–	–	–	–	–	–	–	–	–	–

Lag +k: today's change in M2 (IDR tn) against the change in Copper k readings later (positive = the first one leads). A peak away from 0 is a description of the past year only.