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BeOne Medicines Ltd. American Depositary Shares (ONC) vs CPI: Used Cars & Trucks
Correlation
of % moves
+32%
In sync
of periods
50%
History
monthsmonths · through 2026-05
17
These move in the same direction about 50% of the time
Their swing sizes only faintly line up (~11% 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
CPI: Used Cars & Trucks moves ~6 months before ONC
Watch CPI: Used Cars & Trucks for an early read on ONC.
Advanced
Statistics
In sync(i)
50%
Headline metric
Movement correlation(i)
+32%
Based on % moves
95% CI
N/A
Pipeline
Pipeline Summary
17 paired data points survived the monthly window.
Raw input
379
881
Normalized
379
881
Prepared
19
881
Aligned
17
17
Invalid removed
Likely range
R²(i)
11%
Variance explained
Significance
N/A
Statistical confidence
Data points(i)
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: -6 to 6 months.
Selected shift
-6 months
Correlation at this shift
+42%
+10% stronger than no-shift baseline
CPI: Used Cars & Trucks shifted 6 months later. Reads: "Does BeOne Medicines Ltd. American Depositary Shares (ONC) today line up with CPI: Used Cars & Trucks 6 months ago?"
10 overlapping points at this shift
Baseline
+32%
No-shift correlation, matching the main time-series chart above.
Peak shift
-6 months
+42%
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
-56%
8 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
866
A: 2 / B: 864
Series A
BeOne Medicines Ltd. American Depositary Shares (ONC)
ONC
Stock · 379 raw → 19 prepared
Series B
CPI: Used Cars & Trucks
CUSR0000SETA02
FRED · 881 raw → 881 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
1
Estimated crossover points between normalized spreads.
Slope
0.0268
Linear regression slope.
Intercept
-0.0023
Linear regression intercept.
Saved 3 months ago · ID: fred-cusr0000seta02_stock-onc_monthly_5y