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.

Base money (adjusted) YoY against…

Series	1M	3M	1Y ↓	n 1Y	3Y	3M − 3Y	Beta 1Y
INDOGB 10YR id10y	–	−1.00	−1.00	3	−1.00	0.00	−1.32	scatter
M2 (IDR tn) id_m2_level	–	–	−0.87	3	−0.87	–	−0.02	scatter
UST 2YR ust2y	–	–	0.72	3	0.72	–	0.61	scatter
UST 10YR ust10y	–	–	0.72	3	0.72	–	0.61	scatter
Copper copper	–	–	−0.72	3	−0.72	–	−1.90	scatter
Gold gold	–	–	0.68	3	0.68	–	2.29	scatter
USD/IDR usdidr	–	–	−0.66	3	−0.66	–	−3.86	scatter
Bitcoin btc	–	–	−0.64	3	−0.64	–	−0.67	scatter
JCI (IHSG) jci	–	–	0.57	3	0.57	–	0.62	scatter
PHLX Semiconductor (SOX) sox	–	–	−0.53	3	−0.53	–	−0.57	scatter
S&P 500 spx	–	–	0.51	3	0.51	–	1.86	scatter
LQ45 lq45	–	–	0.44	3	0.44	–	0.45	scatter
Brent brent	–	–	0.37	3	0.37	–	0.92	scatter
M2 growth YoY id_m2	–	0.29	0.29	3	0.29	0.00	0.61	scatter
DXY dxy	–	–	−0.27	3	−0.27	–	−3.24	scatter
Credit growth YoY id_credit	–	0.20	0.20	3	0.20	0.00	0.91	scatter
Nasdaq 100 ndx	–	–	−0.11	3	−0.11	–	−0.31	scatter
Newcastle coal coal	–	–	–	0	–	–	–	scatter
Indonesia Loan growth YoY tvm_ID_lg	–	–	–	0	–	–	–	scatter
Brazil Loan growth YoY tvm_BR_lg	–	–	–	0	–	–	–	scatter
China Loan growth YoY tvm_CN_lg	–	–	–	0	–	–	–	scatter
India Loan growth YoY tvm_IN_lg	–	–	–	0	–	–	–	scatter
Japan Loan growth YoY tvm_JP_lg	–	–	–	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 Base money (adjusted) YoY 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 ↓

Base money (adjusted) YoY · INDOGB 10YR

20 60 120 252

Not enough common dates for a rolling correlation.

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	–	–	–	–	–	–	–	–	–	–	−1.00	–	–	–	–	–	–	–	–	–	–

Lag +k: today's change in Base money (adjusted) YoY against the change in INDOGB 10YR k readings later (positive = the first one leads). A peak away from 0 is a description of the past year only.