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.

Harum Energy (HRUM) against…

Series	1M	3M	1Y ↓	n 1Y	3Y	3M − 3Y	Beta 1Y
JCI (IHSG) jci	0.93	0.78	0.70	240	0.52	+0.27	1.39	scatter
LQ45 lq45	0.92	0.75	0.64	240	0.48	+0.27	1.20	scatter
Solusi Sinergi Digital (WIFI.JK) WIFI.JK	0.74	0.48	0.47	229	0.13	+0.35	0.37	scatter
Sarana Menara (TOWR.JK) TOWR.JK	0.50	0.31	0.44	229	0.23	+0.08	0.59	scatter
Bukalapak (BUKA.JK) BUKA.JK	0.60	0.42	0.42	229	0.24	+0.19	0.54	scatter
Emtek (EMTK.JK) EMTK.JK	0.58	0.42	0.40	229	0.24	+0.19	0.34	scatter
Metrodata (MTDL.JK) MTDL.JK	0.25	0.32	0.37	229	0.19	+0.14	0.80	scatter
Indosat (ISAT.JK) ISAT.JK	−0.47	0.12	0.22	229	0.15	−0.04	0.22	scatter
INDOGB 10YR id10y	0.00	0.07	−0.20	205	−0.16	+0.23 ⇄	−0.09	scatter
GoTo (GOTO.JK) GOTO.JK	–	–	0.18	229	0.12	–	0.28	scatter
DCI Indonesia (DCII.JK) DCII.JK	0.36	0.11	0.16	229	−0.03	+0.14 ⇄	0.22	scatter
Copper copper	0.03	0.21	0.14	238	0.05	+0.16	0.30	scatter
Gold gold	−0.23	−0.03	0.12	238	0.11	−0.14 ⇄	0.23	scatter
Brent brent	−0.29	−0.09	−0.10	238	−0.06	−0.04	−0.10	scatter
Nasdaq 100 ndx	0.42	0.28	0.05	238	0.08	+0.19	0.15	scatter
S&P 500 spx	0.37	0.23	0.05	238	0.06	+0.17	0.21	scatter
USD/IDR usdidr	−0.25	−0.16	−0.05	244	−0.06	−0.10	−0.32	scatter
DXY dxy	0.08	−0.08	−0.04	238	−0.07	−0.01	−0.43	scatter
UST 2YR ust2y	0.45	0.12	0.03	235	0.01	+0.11	0.02	scatter
PHLX Semiconductor (SOX) sox	0.31	0.17	0.03	238	0.08	+0.09	0.04	scatter
Bitcoin btc	0.05	0.18	0.02	243	0.11	+0.07	0.02	scatter
UST 10YR ust10y	0.33	0.07	0.00	235	−0.01	+0.08 ⇄	0.00	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 Harum Energy (HRUM) 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 ↓

Harum Energy (HRUM) · Solusi Sinergi Digital (WIFI.JK)

20 60 120 252

Rolling correlation of daily changes over the last 120 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	−0.04	−0.07	0.01	−0.07	−0.04	0.04	−0.03	0.01	0.05	0.47	−0.06	0.01	0.10	−0.12	−0.03	0.10	−0.06	−0.05	−0.14	−0.04

Lag +k: today's change in Harum Energy (HRUM) 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.