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.

Mitra Adiperkasa (MAPI) against…

Series	1M	3M	1Y ↓	n 1Y	3Y	3M − 3Y	Beta 1Y
LQ45 lq45	0.72	0.38	0.29	240	0.25	+0.14	0.53	scatter
JCI (IHSG) jci	0.74	0.37	0.28	240	0.22	+0.15	0.55	scatter
Metrodata (MTDL.JK) MTDL.JK	−0.25	0.11	0.20	230	0.08	+0.03	0.42	scatter
GoTo (GOTO.JK) GOTO.JK	–	–	0.16	229	0.06	–	0.23	scatter
Sarana Menara (TOWR.JK) TOWR.JK	0.11	−0.07	0.14	229	0.07	−0.14 ⇄	0.18	scatter
Brent brent	−0.28	−0.08	−0.13	239	−0.11	+0.04	−0.13	scatter
Bukalapak (BUKA.JK) BUKA.JK	0.32	0.02	0.11	229	0.06	−0.04	0.14	scatter
Indosat (ISAT.JK) ISAT.JK	0.18	−0.09	0.11	230	0.08	−0.17 ⇄	0.11	scatter
Emtek (EMTK.JK) EMTK.JK	0.38	0.03	0.10	229	0.07	−0.04	0.08	scatter
Solusi Sinergi Digital (WIFI.JK) WIFI.JK	0.56	−0.06	0.10	229	0.04	−0.11 ⇄	0.08	scatter
USD/IDR usdidr	−0.18	−0.10	−0.10	245	−0.11	+0.01	−0.63	scatter
Nasdaq 100 ndx	0.25	0.13	0.08	239	0.06	+0.08	0.23	scatter
Copper copper	0.11	0.07	0.07	239	0.01	+0.06	0.14	scatter
PHLX Semiconductor (SOX) sox	0.22	0.06	0.06	239	0.05	+0.01	0.07	scatter
Bitcoin btc	−0.01	−0.03	−0.06	244	−0.04	0.00	−0.07	scatter
S&P 500 spx	0.14	0.13	0.05	239	0.03	+0.10	0.23	scatter
INDOGB 10YR id10y	0.22	0.11	−0.04	205	−0.04	+0.15 ⇄	−0.02	scatter
UST 10YR ust10y	0.12	0.06	−0.03	236	−0.07	+0.13 ⇄	−0.03	scatter
Gold gold	−0.25	−0.22	0.03	239	0.00	−0.22 ⇄	0.05	scatter
DCI Indonesia (DCII.JK) DCII.JK	0.64	−0.26	0.02	229	0.01	−0.26 ⇄	0.02	scatter
DXY dxy	0.03	0.07	−0.01	239	−0.07	+0.14 ⇄	−0.16	scatter
UST 2YR ust2y	0.27	0.11	0.00	236	−0.05	+0.16 ⇄	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 Mitra Adiperkasa (MAPI) 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 ↓

Mitra Adiperkasa (MAPI) · JCI (IHSG)

20 60 120 252

Rolling correlation of daily changes over the last 252 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	−0.08	−0.01	−0.01	−0.07	0.02	0.00	−0.04	0.00	−0.01	−0.05	0.28	0.01	−0.05	−0.07	0.06	0.00	−0.01	−0.05	−0.06	0.05	0.04

Lag +k: today's change in Mitra Adiperkasa (MAPI) 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.