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.

GE Vernova (GEV) against…

Series	1M	3M	1Y ↓	n 1Y	3Y	3M − 3Y	Beta 1Y
Eaton (ETN) ETN	0.77	0.74	0.66	250	0.67	+0.07	0.89	scatter
PHLX Semiconductor (SOX) sox	0.10	0.61	0.62	238	0.56	+0.05	0.73	scatter
Nasdaq 100 ndx	0.00	0.45	0.53	238	0.53	−0.09	1.40	scatter
Ciena (CIEN) CIEN	0.47	0.61	0.52	250	0.51	+0.11	0.38	scatter
Coherent (COHR) COHR	0.74	0.59	0.52	250	0.53	+0.06	0.32	scatter
S&P 500 spx	−0.16	0.31	0.48	238	0.51	−0.20	1.96	scatter
Arista (ANET) ANET	0.73	0.65	0.44	250	0.48	+0.17	0.42	scatter
CoreWeave (CRWV) CRWV	0.60	0.56	0.43	250	0.32	+0.25	0.24	scatter
Constellation (CEG) CEG	0.54	0.26	0.36	250	0.53	−0.27	0.40	scatter
Digital Realty (DLR) DLR	0.74	0.25	0.28	250	0.39	−0.14	0.55	scatter
Copper copper	0.29	0.37	0.26	238	0.21	+0.16	0.50	scatter
Dell (DELL) DELL	0.57	0.42	0.22	250	0.29	+0.13	0.15	scatter
Bitcoin btc	0.73	0.05	0.21	237	0.17	−0.12	0.25	scatter
DXY dxy	0.53	−0.09	−0.14	238	0.00	−0.10 ⇄	−1.45	scatter
Gold gold	0.63	0.14	0.12	238	0.07	+0.08	0.22	scatter
Brent brent	−0.42	−0.10	−0.12	238	−0.02	−0.08	−0.11	scatter
UST 10YR ust10y	−0.07	−0.05	−0.11	238	0.07	−0.12 ⇄	−0.09	scatter
UST 2YR ust2y	0.20	−0.01	−0.05	238	0.09	−0.10 ⇄	−0.04	scatter
INDOGB 10YR id10y	0.03	0.16	−0.02	213	0.01	+0.15	−0.01	scatter
USD/IDR usdidr	−0.35	0.04	0.01	237	−0.05	+0.09 ⇄	0.09	scatter
LQ45 lq45	−0.03	0.11	−0.01	220	−0.07	+0.18 ⇄	−0.02	scatter
JCI (IHSG) jci	0.08	0.15	0.01	220	−0.03	+0.18 ⇄	0.01	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 GE Vernova (GEV) 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 ↓

GE Vernova (GEV) · Eaton (ETN)

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	0.03	0.06	0.11	0.05	0.05	−0.15	−0.12	0.13	−0.09	−0.12	0.66	0.00	−0.10	−0.02	−0.06	−0.07	0.00	0.02	−0.06	0.06	0.04

Lag +k: today's change in GE Vernova (GEV) against the change in Eaton (ETN) k readings later (positive = the first one leads). A peak away from 0 is a description of the past year only.