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.

Indocement (INTP) against…

Series	1M	3M	1Y ↓	n 1Y	3Y	3M − 3Y	Beta 1Y
Solusi Sinergi Digital (WIFI.JK) WIFI.JK	0.72	0.44	0.35	229	0.09	+0.35	0.19	scatter
JCI (IHSG) jci	0.56	0.47	0.35	240	0.31	+0.15	0.46	scatter
Sarana Menara (TOWR.JK) TOWR.JK	0.74	0.41	0.35	229	0.22	+0.19	0.32	scatter
LQ45 lq45	0.59	0.44	0.32	240	0.32	+0.12	0.39	scatter
Metrodata (MTDL.JK) MTDL.JK	0.46	0.33	0.26	230	0.23	+0.10	0.37	scatter
INDOGB 10YR id10y	−0.58	−0.21	−0.23	205	−0.22	+0.01	−0.06	scatter
Emtek (EMTK.JK) EMTK.JK	0.87	0.51	0.22	229	0.16	+0.34	0.13	scatter
Bukalapak (BUKA.JK) BUKA.JK	0.82	0.30	0.18	229	0.28	+0.02	0.15	scatter
Brent brent	−0.11	−0.18	−0.16	239	−0.08	−0.10	−0.11	scatter
S&P 500 spx	0.42	0.31	0.14	239	0.13	+0.18	0.40	scatter
Indosat (ISAT.JK) ISAT.JK	−0.21	0.15	0.14	230	0.15	−0.01	0.10	scatter
Copper copper	−0.03	0.25	0.12	239	−0.06	+0.31 ⇄	0.16	scatter
DXY dxy	−0.02	−0.20	−0.12	239	−0.07	−0.13	−0.83	scatter
Nasdaq 100 ndx	0.28	0.24	0.11	239	0.14	+0.10	0.20	scatter
Bitcoin btc	−0.08	0.08	0.11	244	0.11	−0.03	0.09	scatter
PHLX Semiconductor (SOX) sox	0.08	0.16	0.09	239	0.13	+0.03	0.07	scatter
Gold gold	0.10	0.30	0.08	239	0.05	+0.25	0.11	scatter
DCI Indonesia (DCII.JK) DCII.JK	−0.05	0.12	0.08	229	0.02	+0.10	0.07	scatter
USD/IDR usdidr	−0.17	−0.03	−0.06	245	−0.08	+0.05	−0.28	scatter
UST 2YR ust2y	0.04	−0.25	−0.06	236	−0.04	−0.21	−0.03	scatter
UST 10YR ust10y	−0.20	−0.28	−0.02	236	−0.03	−0.25	−0.01	scatter
GoTo (GOTO.JK) GOTO.JK	–	–	0.02	229	0.04	–	0.02	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 Indocement (INTP) 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 ↓

Indocement (INTP) · Solusi Sinergi Digital (WIFI.JK)

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	0.06	0.02	−0.04	−0.01	−0.05	−0.03	−0.01	0.01	0.02	0.04	0.35	0.03	0.13	−0.06	0.04	0.01	−0.05	−0.06	−0.03	0.06	0.01

Lag +k: today's change in Indocement (INTP) 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.