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BeOne Medicines Ltd. American Depositary Shares (ONC) vs US Core CPI
Correlation
of % moves
+24%
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 (~6% 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
ONC moves ~1 month before US Core CPI
Watch ONC for an early read on US Core CPI.
Advanced
Statistics
In sync(i)
71.4%
Headline metric
Movement correlation(i)
+24%
Based on % moves
95% CI
-33% → +69%
Pipeline
Pipeline Summary
15 paired data points survived the monthly window.
Raw input
348
831
Normalized
348
831
Prepared
17
831
Aligned
15
15
Invalid removed
Likely range of correlation
R²(i)
6.0%
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
+1 month
Correlation at this shift
-53%
+29% stronger than no-shift baseline
US Core CPI shifted 1 month earlier. Reads: "Does BeOne Medicines Ltd. American Depositary Shares (ONC) today line up with US Core CPI 1 month from now?"
13 overlapping points at this shift
Baseline
+24%
No-shift correlation, matching the main time-series chart above.
Peak shift
+1 month
-53%
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
+11%
9 periods · Return correlation when both series rose
Both Falling
N/A
0 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
818
A: 2 / B: 816
Series A
BeOne Medicines Ltd. American Depositary Shares (ONC)
ONC
Stock · 348 raw → 17 prepared
Series B
US Core CPI
CPILFESL
FRED · 831 raw → 831 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
3
Estimated crossover points between normalized spreads.
Slope
0.0021
Linear regression slope.
Intercept
0.0023
Linear regression intercept.
Saved 2 weeks ago · ID: fred-cpilfesl_stock-onc_monthly_5y