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BeOne Medicines Ltd. American Depositary Shares (ONC) vs Case-Shiller Home Price Index
Correlation
of % moves
-31%
In sync
of periods
43%
History
monthsmonths · through 2026-03
15
These move in the same direction about 43% of the time
Their swing sizes only faintly mirror each other (~9% of the pattern is shared).
A faint pattern — interesting as colour, not strong enough to act on alone.
Both lines start at the same point — easy to compare when growth rates are similar.
What to Watch
Case-Shiller Home Price Index moves ~4 months before ONC
Watch Case-Shiller Home Price Index for an early read on ONC.
Advanced
Statistics
In sync(i)
42.9%
Headline metric
Movement correlation(i)
-31%
Based on % moves
95% CI
-72% → +27%
Pipeline
Pipeline Summary
15 paired data points survived the monthly window.
Raw input
361
471
Normalized
361
471
Prepared
18
471
Aligned
15
15
Invalid removed
Likely range of correlation
R²(i)
9.5%
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
+52%
+21% stronger than no-shift baseline
Case-Shiller Home Price Index shifted 4 months later. Reads: "Does BeOne Medicines Ltd. American Depositary Shares (ONC) today line up with Case-Shiller Home Price Index 4 months ago?"
10 overlapping points at this shift
Baseline
-31%
No-shift correlation, matching the main time-series chart above.
Peak shift
-4 months
+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
N/A
4 periods · Return correlation when both series rose
Both Falling
N/A
2 periods · Return correlation when both series fell
Diverging
-90%
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 · 361 raw → 18 prepared
Series B
Case-Shiller Home Price Index
CSUSHPINSA
FRED · 471 raw → 471 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
1
Estimated crossover points between normalized spreads.
Slope
-0.0142
Linear regression slope.
Intercept
0.0017
Linear regression intercept.
Saved last month · ID: fred-csushpinsa_stock-onc_monthly_5y