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BeOne Medicines Ltd. American Depositary Shares (ONC) vs Personal Consumption
Correlation
of % moves
-27%
In sync
of periods
61%
History
monthsmonths · through 2026-07
19
These move in the same direction about 61% of the time
Their swing sizes only faintly mirror each other (~7% 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
ONC moves ~2 months before Personal Consumption
Watch ONC for an early read on Personal Consumption.
Advanced
Statistics
In sync(i)
61%
Headline metric
Movement correlation(i)
-27%
Based on % moves
95% CI
-65% → +23%
Pipeline
Pipeline Summary
19 paired data points survived the monthly window.
Raw input
422
811
Normalized
422
811
Prepared
21
811
Aligned
19
19
Invalid removed
Likely range of correlation
R²(i)
7%
Variance explained
Significance
n.s.
Statistical confidence
Data points(i)
18
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: -8 to 8 months.
Selected shift
+2 months
Correlation at this shift
-47%
+20% stronger than no-shift baseline
Personal Consumption shifted 2 months earlier. Reads: "Does BeOne Medicines Ltd. American Depositary Shares (ONC) today line up with Personal Consumption 2 months from now?"
16 overlapping points at this shift
Baseline
-27%
No-shift correlation, matching the main time-series chart above.
Peak shift
+2 months
-47%
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
-60%
11 periods · Return correlation when both series rose
Both Falling
N/A
0 periods · Return correlation when both series fell
Diverging
-52%
7 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
794
A: 2 / B: 792
Series A
BeOne Medicines Ltd. American Depositary Shares (ONC)
ONC
Stock · 422 raw → 21 prepared
Series B
Personal Consumption
PCE
FRED · 811 raw → 811 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
1
Estimated crossover points between normalized spreads.
Slope
-0.0074
Linear regression slope.
Intercept
0.0048
Linear regression intercept.
Saved 4 months ago · ID: fred-pce_stock-onc_monthly_5y