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BeOne Medicines Ltd. American Depositary Shares (ONC) vs CPI: Used Cars & Trucks
Correlation
of % moves
+34%
In sync
of periods
53%
History
monthsmonths · through 2026-04
16
These move in the same direction about 53% of the time
Their swing sizes only faintly line up (~12% 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.
Advanced
Statistics
In sync(i)
53.3%
Headline metric
Movement correlation(i)
+34%
Based on % moves
95% CI
-21% → +73%
Pipeline
Pipeline Summary
16 paired data points survived the monthly window.
Raw input
348
880
Normalized
348
880
Prepared
17
880
Aligned
16
16
Invalid removed
Likely range of correlation
R²(i)
11.7%
Variance explained
Significance
n.s.
Statistical confidence
Data points
16
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
No shift
Correlation at this shift
+34%
No shift — both series at their actual dates.
15 overlapping points at this shift
Baseline
+34%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+34%
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
4 periods · Return correlation when both series fell
Diverging
-53%
7 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
865
A: 1 / B: 864
Series A
BeOne Medicines Ltd. American Depositary Shares (ONC)
ONC
Stock · 348 raw → 17 prepared
Series B
CPI: Used Cars & Trucks
CUSR0000SETA02
FRED · 880 raw → 880 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
1
Estimated crossover points between normalized spreads.
Slope
0.0283
Linear regression slope.
Intercept
-0.0026
Linear regression intercept.
Saved 2 weeks ago · ID: fred-cusr0000seta02_stock-onc_monthly_5y