Correlation Analysis
Costco Wholesale Corp vs BeOne Medicines Ltd. American Depositary Shares
COST vs ONC
-0.338
Light inverse
When one moves up, the other tends to move down.
Costco Wholesale Corp
↗COST
Founded in 1983, Costco Wholesale now operates a global chain of membership-based warehouse clubs, delivering high-quality goods and services at consistently low prices. As of its most recent fiscal year, Costco operated approximately 910 warehouses, serving more than 80 million members across its three geographic segments: Costco US (approximately 73% of total revenue), Costco Canada (13%), and Costco International (14%).Costco's core value proposition—quality products at unbeatable prices—has yielded consistently strong member renewal rates (93% in the US and Canada and nearly 90% internationally). About 55% of Costco's fiscal 2025 revenue came from its grocery offerings, and another 25% from general merchandise.
Market cap 451.9B
BeOne Medicines Ltd. American Depositary Shares
↗ONC
BeOne Medicines Ltd is a holding company. Through its subsidiaries, it operates as an oncology-focused biopharmaceutical company engaged in the discovery and development of treatments for cancer. Its portfolio includes BRUKINSA (a Bruton's tyrosine kinase (BTK) inhibitor), sonrotoclax (a B-cell lymphoma 2 (BCL2) inhibitor, and a BTK chimeric degradation activation compound (BTK-CDAC). The company develops and commercializes wholly owned therapeutic assets targeting multiple mechanisms of action in oncology. The company operates in one segment: pharmaceutical products. It generates the majority of its revenue from the sale of its biopharmaceutical products.
Market cap 33.6B · 12,000 employees
Time Series
Relative Performance
Who Moves First
ONC leads COST by 6 days
ONC tends to move before COST.
After testing 13 timing shifts, the strongest relationship was -0.406 (they moved in opposite directions).
Do They Crash Together?
Correlation by Market Regime
How these series behave when markets are rising, falling, or diverging. A correlation that holds in drawdowns is very different from one that only works in rallies.
Both Rising
-0.023
12 periods · Return correlation when both series rose
Both Falling
-0.299
11 periods · Return correlation when both series fell
Diverging
-0.516
12 periods · Return correlation when series moved apart
R-Squared
11.4%
Share of variance in one series explained by the other.
Trend Agreement
50.3%
How often both series moved in the same direction period-to-period.
Overlap Quality
315
Robust shared window — 315 usable pairs.
Significance
p < 0.001
95% CI: [-0.432, -0.236]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
315 paired data points survived the daily window.
Raw input
1,254
315
Normalized
1,254
315
Prepared
1,254
315
Aligned
315
315
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
939
A: 939 / B: 0
Series A
Costco Wholesale Corp
COST
Market cap 451.9B
Stock · 1,254 raw → 1,254 prepared
Series B
BeOne Medicines Ltd. American Depositary Shares
ONC
Market cap 33.6B · 12,000 employees
Stock · 315 raw → 315 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
10
Estimated crossover points between normalized spreads.
Slope
-0.3302
Linear regression slope.
Intercept
605.1711
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
COST
Costco Wholesale Corp
Highest
+0.977
Republic Services Inc.
RSG · 1,254 data points
Lowest
-0.912
Fiserv, Inc. Common Stock
FISV · 644 data points
ONC
BeOne Medicines Ltd. American Depositary Shares
Highest
+0.815
Broadcom Inc. Common Stock
AVGO · 315 data points
Lowest
-0.126
VISA Inc.
V · 315 data points
Saved 7 hours ago · ID: stock-cost-vs-stock-onc-daily