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.

Kalbe Farma (KLBF) against…

Series	1M	3M	1Y ↓	n 1Y	3Y	3M − 3Y	Beta 1Y
LQ45 lq45	0.37	0.29	0.37	240	0.33	−0.04	0.56	scatter
JCI (IHSG) jci	0.34	0.28	0.34	240	0.28	0.00	0.53	scatter
Metrodata (MTDL.JK) MTDL.JK	0.36	0.23	0.26	231	0.22	+0.01	0.41	scatter
Sarana Menara (TOWR.JK) TOWR.JK	0.66	0.21	0.26	230	0.17	+0.04	0.26	scatter
Emtek (EMTK.JK) EMTK.JK	0.60	0.32	0.22	230	0.10	+0.23	0.14	scatter
INDOGB 10YR id10y	−0.21	−0.41	−0.22	206	−0.14	−0.28	−0.07	scatter
Indosat (ISAT.JK) ISAT.JK	0.28	−0.07	0.20	231	0.13	−0.19 ⇄	0.15	scatter
Bukalapak (BUKA.JK) BUKA.JK	−0.14	0.03	0.17	230	0.14	−0.11	0.16	scatter
Solusi Sinergi Digital (WIFI.JK) WIFI.JK	0.28	0.16	0.16	230	0.07	+0.08	0.09	scatter
DCI Indonesia (DCII.JK) DCII.JK	−0.08	0.05	0.15	230	−0.05	+0.09 ⇄	0.16	scatter
GoTo (GOTO.JK) GOTO.JK	–	–	0.14	230	0.10	–	0.16	scatter
UST 2YR ust2y	−0.18	−0.20	−0.12	235	−0.07	−0.14	−0.06	scatter
Brent brent	0.12	0.05	−0.11	238	−0.07	+0.13 ⇄	−0.08	scatter
DXY dxy	−0.40	−0.13	−0.09	238	−0.10	−0.04	−0.73	scatter
UST 10YR ust10y	−0.20	−0.08	−0.09	235	−0.04	−0.04	−0.05	scatter
USD/IDR usdidr	−0.26	−0.12	−0.09	245	−0.06	−0.06	−0.41	scatter
S&P 500 spx	0.05	−0.08	0.05	238	0.04	−0.12 ⇄	0.16	scatter
PHLX Semiconductor (SOX) sox	−0.04	−0.05	−0.05	238	−0.01	−0.04	−0.04	scatter
Gold gold	0.18	0.23	0.03	238	0.08	+0.15	0.04	scatter
Copper copper	0.14	0.02	0.02	238	0.04	−0.03	0.03	scatter
Bitcoin btc	−0.34	−0.08	0.01	245	0.04	−0.12 ⇄	0.01	scatter
Nasdaq 100 ndx	−0.05	−0.09	0.00	238	0.02	−0.12 ⇄	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 Kalbe Farma (KLBF) 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 ↓

Kalbe Farma (KLBF) · LQ45

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	0.15	0.03	−0.08	−0.04	0.15	−0.05	−0.02	−0.01	0.00	0.37	0.02	0.12	0.01	0.03	−0.04	−0.06	−0.04	0.04	0.12	−0.05

Lag +k: today's change in Kalbe Farma (KLBF) against the change in LQ45 k readings later (positive = the first one leads). A peak away from 0 is a description of the past year only.