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BeOne Medicines Ltd. American Depositary Shares (ONC) vs US Core CPI
Correlation
of % moves
+26%
In sync
of periods
64%
History
monthsmonths · through 2026-05
16
These move in the same direction about 64% of the time
Their swing sizes only faintly line up (~7% of the pattern is shared).
A real but noisy link — useful as context, risky as a standalone signal.
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)
64%
Headline metric
Movement correlation(i)
+26%
Based on % moves
95% CI
N/A
Pipeline
Pipeline Summary
16 paired data points survived the monthly window.
Raw input
379
832
Normalized
379
832
Prepared
19
832
Aligned
16
16
Invalid removed
Likely range
R²(i)
7%
Variance explained
Significance
N/A
Statistical confidence
Data points(i)
14
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: -2 to 2 months.
Selected shift
+1 month
Correlation at this shift
-52%
+27% 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?"
12 overlapping points at this shift
Baseline
+26%
No-shift correlation, matching the main time-series chart above.
Peak shift
+1 month
-52%
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
-24%
5 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
819
A: 3 / B: 816
Series A
BeOne Medicines Ltd. American Depositary Shares (ONC)
ONC
Stock · 379 raw → 19 prepared
Series B
US Core CPI
CPILFESL
FRED · 832 raw → 832 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
3
Estimated crossover points between normalized spreads.
Slope
0.0022
Linear regression slope.
Intercept
0.0023
Linear regression intercept.
Saved 3 months ago · ID: fred-cpilfesl_stock-onc_monthly_5y