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BeOne Medicines Ltd. American Depositary Shares (ONC) vs Average Price: Ground Beef, 100% Beef
Correlation
of % moves
+28%
In sync
of periods
71%
History
monthsmonths · through 2026-04
15
These move in the same direction about 71% of the time
Their swing sizes only faintly line up (~8% of the pattern is shared).
Strong enough to use as a signal — check the stability and regime notes below before relying on it.
Both lines start at the same point — easy to compare when growth rates are similar.
What to Watch
Average Price: Ground Beef, 100% Beef moves ~4 months before ONC
Watch Average Price: Ground Beef, 100% Beef for an early read on ONC.
Advanced
Statistics
In sync(i)
71.4%
Headline metric
Movement correlation(i)
+28%
Based on % moves
95% CI
-29% → +71%
Pipeline
Pipeline Summary
15 paired data points survived the monthly window.
Raw input
348
506
Normalized
348
506
Prepared
17
506
Aligned
15
15
Invalid removed
Likely range of correlation
R²(i)
8.0%
Variance explained
Significance
n.s.
Statistical confidence
Data points
15
Limited
Time-Shifted Correlation
See how correlation changes when one series is offset in time. A taller bar at a non-zero shift means the two move together better when one leads the other — that's a potential lead/lag signal.
Correlation by shift
Click a bar to inspect. Range: -4 to 4 months.
Selected shift
-4 months
Correlation at this shift
-46%
+18% stronger than no-shift baseline
Average Price: Ground Beef, 100% Beef shifted 4 months later. Reads: "Does BeOne Medicines Ltd. American Depositary Shares (ONC) today line up with Average Price: Ground Beef, 100% Beef 4 months ago?"
10 overlapping points at this shift
Baseline
+28%
No-shift correlation, matching the main time-series chart above.
Peak shift
-4 months
-46%
A non-zero peak suggests one series lines up better when shifted against the other.
Do They Crash Together?
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
-65%
8 periods · Return correlation when both series rose
Both Falling
N/A
1 periods · Return correlation when both series fell
Diverging
N/A
4 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
493
A: 2 / B: 491
Series A
BeOne Medicines Ltd. American Depositary Shares (ONC)
ONC
Stock · 348 raw → 17 prepared
Series B
Average Price: Ground Beef, 100% Beef
APU0000703112
FRED · 506 raw → 506 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
1
Estimated crossover points between normalized spreads.
Slope
0.0421
Linear regression slope.
Intercept
0.0144
Linear regression intercept.
Saved 2 weeks ago · ID: fred-apu0000703112_stock-onc_monthly_5y