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.

Vertiv (VRT) against…

Series	1M	3M	1Y ↓	n 1Y	3Y	3M − 3Y	Beta 1Y
Eaton (ETN) ETN	0.79	0.80	0.75	250	0.80	0.00	1.26	scatter
PHLX Semiconductor (SOX) sox	0.68	0.64	0.71	240	0.70	−0.05	1.04	scatter
Coherent (COHR) COHR	0.66	0.63	0.60	250	0.64	−0.01	0.46	scatter
Nasdaq 100 ndx	0.51	0.57	0.60	240	0.66	−0.10	2.00	scatter
Ciena (CIEN) CIEN	0.33	0.55	0.57	250	0.56	−0.01	0.52	scatter
S&P 500 spx	0.49	0.52	0.54	240	0.63	−0.11	2.78	scatter
CoreWeave (CRWV) CRWV	0.69	0.65	0.50	250	0.39	+0.25	0.35	scatter
Arista (ANET) ANET	0.63	0.69	0.49	250	0.60	+0.09	0.59	scatter
Constellation (CEG) CEG	0.51	0.39	0.41	250	0.56	−0.17	0.58	scatter
Copper copper	0.50	0.40	0.35	240	0.24	+0.16	0.84	scatter
Dell (DELL) DELL	0.45	0.48	0.31	250	0.49	−0.01	0.27	scatter
Digital Realty (DLR) DLR	0.58	0.21	0.30	250	0.43	−0.21	0.74	scatter
Gold gold	0.86	0.23	0.23	240	0.13	+0.10	0.51	scatter
Bitcoin btc	0.50	0.11	0.21	239	0.22	−0.11	0.31	scatter
Brent brent	−0.71	−0.33	−0.12	240	0.02	−0.35 ⇄	−0.15	scatter
DXY dxy	−0.39	0.01	−0.12	240	0.02	0.00	−1.58	scatter
UST 10YR ust10y	−0.46	−0.18	−0.07	238	0.03	−0.21 ⇄	−0.07	scatter
JCI (IHSG) jci	0.04	0.24	0.07	221	0.07	+0.17	0.18	scatter
UST 2YR ust2y	−0.44	−0.08	0.04	238	0.12	−0.21 ⇄	0.03	scatter
LQ45 lq45	0.05	0.14	0.03	221	0.04	+0.11	0.08	scatter
INDOGB 10YR id10y	−0.10	0.09	−0.03	213	−0.03	+0.11 ⇄	−0.01	scatter
USD/IDR usdidr	−0.64	−0.04	0.02	239	−0.09	+0.05	0.18	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 Vertiv (VRT) 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 ↓

Vertiv (VRT) · Eaton (ETN)

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	0.06	0.04	0.10	0.06	−0.14	−0.13	0.07	−0.08	−0.02	0.75	−0.10	−0.14	0.10	−0.13	−0.12	−0.06	0.02	−0.03	0.03	0.01

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