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 Keluarga (MIKA) against…

Series	1M	3M	1Y ↓	n 1Y	3Y	3M − 3Y	Beta 1Y
LQ45 lq45	0.88	0.67	0.46	240	0.29	+0.38	0.57	scatter
JCI (IHSG) jci	0.86	0.65	0.44	240	0.29	+0.36	0.58	scatter
Bukalapak (BUKA.JK) BUKA.JK	0.20	0.05	0.33	229	0.14	−0.10	0.27	scatter
Sarana Menara (TOWR.JK) TOWR.JK	0.15	0.14	0.29	229	0.24	−0.10	0.24	scatter
Metrodata (MTDL.JK) MTDL.JK	0.58	0.16	0.21	229	0.12	+0.04	0.29	scatter
Indosat (ISAT.JK) ISAT.JK	−0.07	0.17	0.20	229	0.10	+0.06	0.13	scatter
Solusi Sinergi Digital (WIFI.JK) WIFI.JK	−0.36	0.12	0.18	229	0.07	+0.05	0.09	scatter
Brent brent	−0.27	−0.32	−0.17	238	−0.11	−0.21	−0.12	scatter
Emtek (EMTK.JK) EMTK.JK	−0.16	0.06	0.14	229	0.08	−0.02	0.08	scatter
DXY dxy	0.09	−0.07	−0.12	238	0.00	−0.06	−0.88	scatter
INDOGB 10YR id10y	−0.68	0.28	−0.12	205	−0.06	+0.34 ⇄	−0.03	scatter
S&P 500 spx	0.35	0.38	0.10	238	0.12	+0.26	0.30	scatter
USD/IDR usdidr	−0.43	−0.20	−0.10	244	−0.05	−0.14	−0.42	scatter
Nasdaq 100 ndx	0.43	0.35	0.09	238	0.13	+0.21	0.17	scatter
UST 10YR ust10y	−0.03	−0.27	−0.08	235	−0.06	−0.21	−0.04	scatter
PHLX Semiconductor (SOX) sox	0.27	0.19	0.07	238	0.10	+0.09	0.06	scatter
DCI Indonesia (DCII.JK) DCII.JK	−0.33	0.29	0.06	229	0.00	+0.29	0.05	scatter
GoTo (GOTO.JK) GOTO.JK	–	–	−0.06	229	−0.14	–	−0.06	scatter
Gold gold	−0.06	0.14	0.05	238	0.05	+0.10	0.07	scatter
Bitcoin btc	−0.11	0.19	−0.05	243	−0.05	+0.24 ⇄	−0.04	scatter
Copper copper	−0.07	0.05	0.04	238	0.01	+0.04	0.06	scatter
UST 2YR ust2y	−0.05	−0.17	−0.04	235	−0.02	−0.16	−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 Mitra Keluarga (MIKA) 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 Keluarga (MIKA) · LQ45

20 60 120 252

Rolling correlation of daily changes over the last 20 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	0.07	−0.04	−0.06	−0.02	0.04	0.03	0.01	0.06	0.07	−0.03	0.46	0.05	0.07	−0.08	0.03	0.00	−0.05	−0.05	0.07	0.08	0.07

Lag +k: today's change in Mitra Keluarga (MIKA) 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.