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BeOne Medicines Ltd. American Depositary Shares (ONC) vs Case-Shiller Home Price Index
Correlation
of % moves
-28%
In sync
of periods
41%
History
monthsmonths · through 2026-06
18
These move in the same direction about 41% of the time
Their swing sizes only faintly mirror each other (~8% 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
Case-Shiller Home Price Index moves ~5 months before ONC
Watch Case-Shiller Home Price Index for an early read on ONC.
Advanced
Statistics
In sync(i)
41%
Headline metric
Movement correlation(i)
-28%
Based on % moves
95% CI
-67% → +23%
Pipeline
Pipeline Summary
18 paired data points survived the monthly window.
Raw input
422
474
Normalized
422
474
Prepared
21
474
Aligned
18
18
Invalid removed
Likely range of correlation
R²(i)
8%
Variance explained
Significance
n.s.
Statistical confidence
Data points(i)
17
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: -7 to 7 months.
Selected shift
-5 months
Correlation at this shift
+46%
+18% stronger than no-shift baseline
Case-Shiller Home Price Index shifted 5 months later. Reads: "Does BeOne Medicines Ltd. American Depositary Shares (ONC) today line up with Case-Shiller Home Price Index 5 months ago?"
12 overlapping points at this shift
Baseline
-28%
No-shift correlation, matching the main time-series chart above.
Peak shift
-5 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
-9%
5 periods · Return correlation when both series rose
Both Falling
N/A
2 periods · Return correlation when both series fell
Diverging
-85%
10 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
459
A: 3 / B: 456
Series A
BeOne Medicines Ltd. American Depositary Shares (ONC)
ONC
Stock · 422 raw → 21 prepared
Series B
Case-Shiller Home Price Index
CSUSHPINSA
FRED · 474 raw → 474 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
2
Estimated crossover points between normalized spreads.
Slope
-0.0137
Linear regression slope.
Intercept
0.0025
Linear regression intercept.
Saved 4 months ago · ID: fred-csushpinsa_stock-onc_monthly_5y