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BeOne Medicines Ltd. American Depositary Shares (ONC) vs Case-Shiller Home Price Index
Correlation
of % moves
-25%
In sync
of periods
47%
History
monthsmonths · through 2026-04
16
These move in the same direction about 47% of the time
Their swing sizes only faintly mirror each other (~6% of the pattern is shared).
Roughly random — these don't track each other in a meaningful way.
Both lines start at the same point — easy to compare when growth rates are similar.
What to Watch
Case-Shiller Home Price Index moves ~3 months before ONC
Watch Case-Shiller Home Price Index for an early read on ONC.
Advanced
Statistics
In sync(i)
47%
Headline metric
Movement correlation(i)
-25%
Based on % moves
95% CI
N/A
Pipeline
Pipeline Summary
16 paired data points survived the monthly window.
Raw input
379
472
Normalized
379
472
Prepared
19
472
Aligned
16
16
Invalid removed
Likely range
R²(i)
6%
Variance explained
Significance
N/A
Statistical confidence
Data points(i)
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: -5 to 5 months.
Selected shift
-3 months
Correlation at this shift
+45%
+20% stronger than no-shift baseline
Case-Shiller Home Price Index shifted 3 months later. Reads: "Does BeOne Medicines Ltd. American Depositary Shares (ONC) today line up with Case-Shiller Home Price Index 3 months ago?"
12 overlapping points at this shift
Baseline
-25%
No-shift correlation, matching the main time-series chart above.
Peak shift
-3 months
+45%
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
-7%
5 periods · Return correlation when both series rose
Both Falling
N/A
2 periods · Return correlation when both series fell
Diverging
-91%
8 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 · 379 raw → 19 prepared
Series B
Case-Shiller Home Price Index
CSUSHPINSA
FRED · 472 raw → 472 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
3
Estimated crossover points between normalized spreads.
Slope
-0.0124
Linear regression slope.
Intercept
0.0022
Linear regression intercept.
Saved 3 months ago · ID: fred-csushpinsa_stock-onc_monthly_5y