Correlation Analysis
BeOne Medicines Ltd. American Depositary Shares vs VISA Inc.
ONC vs V
-0.126
Weak inverse
When one moves up, the other tends to move down.
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
VISA Inc.
↗V
Visa is the largest payment processor in the world. In fiscal 2025, it processed almost $17 trillion in total volume. Visa operates in over 200 countries and processes transactions in over 160 currencies. Its systems are capable of processing over 65,000 transactions per second.
Market cap 583.4B
Time Series
Relative Performance
Who Moves First
ONC leads V by 6 days
ONC tends to move before V.
After testing 13 timing shifts, the strongest relationship was -0.268 (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
+0.414
10 periods · Return correlation when both series rose
Both Falling
-0.065
8 periods · Return correlation when both series fell
Diverging
-0.483
17 periods · Return correlation when series moved apart
R-Squared
1.6%
Share of variance in one series explained by the other.
Trend Agreement
52.7%
How often both series moved in the same direction period-to-period.
Overlap Quality
315
Robust shared window — 315 usable pairs.
Significance
p < 0.05
95% CI: [-0.233, -0.015]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
315 paired data points survived the daily window.
Raw input
315
1,254
Normalized
315
1,254
Prepared
315
1,254
Aligned
315
315
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
939
A: 0 / B: 939
Series A
BeOne Medicines Ltd. American Depositary Shares
ONC
Market cap 33.6B · 12,000 employees
Stock · 315 raw → 315 prepared
Series B
VISA Inc.
V
Market cap 583.4B
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
3
Estimated crossover points between normalized spreads.
Slope
-0.0442
Linear regression slope.
Intercept
351.4176
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
ONC
BeOne Medicines Ltd. American Depositary Shares
Highest
+0.815
Broadcom Inc. Common Stock
AVGO · 315 data points
Lowest
-0.338
Costco Wholesale Corp
COST · 315 data points
Saved 6 hours ago · ID: stock-onc-vs-stock-v-daily