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BeOne Medicines Ltd. American Depositary Shares (ONC) vs USD/BRL Exchange Rate
Correlation
of % moves
-25%
In sync
of periods
47%
History
daysdays · through 2026-05-15
341
These move opposite each other 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
Holds in both up and down markets
The relationship is similar whether prices are rising or falling — reliable in both directions.
Mostly stable
The relationship drifts a little but stays in the same neighbourhood.
Advanced
Statistics
In sync(i)
47.2%
Headline metric
Movement correlation(i)
-25%
Based on % moves
95% CI
-35% → -15%
Likely range of correlation
Pipeline
Pipeline Summary
341 paired data points survived the daily window.
Raw input
348
7,868
Normalized
348
7,868
Prepared
348
7,868
Aligned
341
341
Invalid removed
R²(i)
6.2%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
341
Robust
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 days.
Selected shift
No shift
Correlation at this shift
-25%
No shift — both series at their actual dates.
340 overlapping points at this shift
Baseline
-25%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-25%
A non-zero peak suggests one series lines up better when shifted against the other.
Stability
How the correlation evolves over time. A stable line means the relationship is reliable; large swings signal regime-dependent behavior.
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
-20%
45 periods · Return correlation when both series rose
Both Falling
-6%
62 periods · Return correlation when both series fell
Diverging
-62%
142 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
7,534
A: 7 / B: 7527
Series A
BeOne Medicines Ltd. American Depositary Shares (ONC)
ONC
Stock · 348 raw → 348 prepared
Series B
USD/BRL Exchange Rate
DEXBZUS
FRED · 7,868 raw → 7,868 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
9
Estimated crossover points between normalized spreads.
Slope
-0.0591
Linear regression slope.
Intercept
-0.0005
Linear regression intercept.
Saved 2 weeks ago · ID: fred-dexbzus_stock-onc_daily_5y