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.

Barito Pacific (BRPT) against…

Series	1M	3M	1Y ↓	n 1Y	3Y	3M − 3Y	Beta 1Y
JCI (IHSG) jci	0.84	0.77	0.67	240	0.53	+0.24	2.13	scatter
LQ45 lq45	0.83	0.74	0.58	240	0.44	+0.30	1.74	scatter
Solusi Sinergi Digital (WIFI.JK) WIFI.JK	0.85	0.52	0.49	229	0.15	+0.37	0.65	scatter
Emtek (EMTK.JK) EMTK.JK	0.50	0.53	0.49	229	0.31	+0.21	0.70	scatter
Bukalapak (BUKA.JK) BUKA.JK	0.65	0.33	0.29	229	0.18	+0.15	0.62	scatter
Sarana Menara (TOWR.JK) TOWR.JK	0.30	0.04	0.29	229	0.17	−0.13	0.64	scatter
Metrodata (MTDL.JK) MTDL.JK	0.05	0.15	0.28	230	0.15	+0.01	1.00	scatter
Indosat (ISAT.JK) ISAT.JK	−0.01	0.47	0.25	230	0.16	+0.32	0.43	scatter
DCI Indonesia (DCII.JK) DCII.JK	0.25	0.30	0.20	229	0.07	+0.22	0.47	scatter
GoTo (GOTO.JK) GOTO.JK	–	–	0.15	229	0.05	–	0.38	scatter
Gold gold	−0.18	0.09	0.13	239	0.09	0.00	0.41	scatter
DXY dxy	0.21	0.01	−0.11	239	−0.04	+0.05 ⇄	−1.86	scatter
Brent brent	−0.29	−0.01	−0.10	239	−0.08	+0.06	−0.17	scatter
INDOGB 10YR id10y	−0.62	−0.17	−0.10	205	−0.12	−0.05	−0.08	scatter
Copper copper	−0.10	0.06	0.09	239	0.04	+0.02	0.31	scatter
S&P 500 spx	0.22	0.16	0.09	239	0.05	+0.11	0.61	scatter
UST 2YR ust2y	0.29	0.10	−0.07	236	0.01	+0.08	−0.08	scatter
USD/IDR usdidr	−0.23	−0.15	0.05	245	0.01	−0.16 ⇄	0.53	scatter
UST 10YR ust10y	0.08	0.07	−0.04	236	0.00	+0.07	−0.06	scatter
Nasdaq 100 ndx	0.27	0.23	0.04	239	0.04	+0.19	0.19	scatter
PHLX Semiconductor (SOX) sox	0.17	0.21	0.02	239	0.04	+0.17	0.04	scatter
Bitcoin btc	0.00	0.11	−0.01	244	0.05	+0.05	−0.03	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 Barito Pacific (BRPT) 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 ↓

Barito Pacific (BRPT) · JCI (IHSG)

20 60 120 252

Rolling correlation of daily changes over the last 20 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	−0.15	0.06	−0.02	−0.13	−0.02	−0.05	0.00	0.12	−0.03	−0.03	0.67	0.09	−0.04	−0.01	0.04	−0.09	0.16	0.00	−0.04	0.00	0.01

Lag +k: today's change in Barito Pacific (BRPT) against the change in JCI (IHSG) k readings later (positive = the first one leads). A peak away from 0 is a description of the past year only.