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.

Mayora (MYOR) against…

Series	1M	3M	1Y ↓	n 1Y	3Y	3M − 3Y	Beta 1Y
LQ45 lq45	0.75	0.60	0.31	240	0.28	+0.32	0.39	scatter
JCI (IHSG) jci	0.73	0.58	0.28	240	0.26	+0.32	0.39	scatter
Bukalapak (BUKA.JK) BUKA.JK	0.80	0.28	0.23	229	0.15	+0.13	0.21	scatter
Nasdaq 100 ndx	0.23	0.14	0.22	239	0.13	+0.01	0.39	scatter
S&P 500 spx	0.27	0.10	0.21	239	0.10	−0.01	0.58	scatter
Brent brent	−0.24	0.00	−0.18	239	−0.12	+0.12	−0.12	scatter
Solusi Sinergi Digital (WIFI.JK) WIFI.JK	0.64	0.28	0.18	229	−0.03	+0.31 ⇄	0.10	scatter
Copper copper	−0.11	−0.06	0.17	239	0.06	−0.12 ⇄	0.22	scatter
PHLX Semiconductor (SOX) sox	0.07	0.09	0.17	239	0.15	−0.06	0.13	scatter
DXY dxy	−0.09	−0.10	−0.15	239	−0.11	+0.02	−1.01	scatter
Indosat (ISAT.JK) ISAT.JK	−0.10	0.08	0.15	230	0.15	−0.07	0.11	scatter
Emtek (EMTK.JK) EMTK.JK	0.76	0.48	0.14	229	0.07	+0.41	0.09	scatter
Gold gold	0.04	0.13	0.12	239	0.07	+0.05	0.15	scatter
INDOGB 10YR id10y	−0.39	−0.31	−0.12	205	−0.14	−0.17	−0.04	scatter
Sarana Menara (TOWR.JK) TOWR.JK	0.49	0.11	0.11	229	0.05	+0.06	0.10	scatter
DCI Indonesia (DCII.JK) DCII.JK	0.04	0.11	0.10	229	0.06	+0.05	0.10	scatter
GoTo (GOTO.JK) GOTO.JK	–	–	−0.07	229	0.00	–	−0.08	scatter
Metrodata (MTDL.JK) MTDL.JK	0.22	0.05	0.07	230	0.09	−0.03	0.11	scatter
Bitcoin btc	−0.03	0.07	0.06	244	0.11	−0.04	0.05	scatter
UST 10YR ust10y	−0.35	−0.09	−0.05	236	0.02	−0.12 ⇄	−0.03	scatter
USD/IDR usdidr	−0.37	−0.26	−0.03	245	−0.07	−0.20	−0.15	scatter
UST 2YR ust2y	−0.01	−0.03	−0.02	236	0.02	−0.05 ⇄	−0.01	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 Mayora (MYOR) 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 ↓

Mayora (MYOR) · 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	0.05	0.06	−0.28	0.11	0.08	−0.02	0.01	0.08	0.07	−0.09	0.31	−0.08	0.01	−0.09	0.05	−0.07	−0.01	−0.07	−0.02	0.05	−0.04

Lag +k: today's change in Mayora (MYOR) 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.