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BeOne Medicines Ltd. American Depositary Shares (ONC) vs Personal Consumption
Correlation
of % moves
-28%
In sync
of periods
63%
History
monthsmonths · through 2026-05
17
These move in the same direction about 63% of the time
Their swing sizes only faintly mirror each other (~8% 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 ~3 months before Personal Consumption
Watch ONC for an early read on Personal Consumption.
Advanced
Statistics
In sync(i)
63%
Headline metric
Movement correlation(i)
-28%
Based on % moves
95% CI
N/A
Pipeline
Pipeline Summary
17 paired data points survived the monthly window.
Raw input
379
809
Normalized
379
809
Prepared
19
809
Aligned
17
17
Invalid removed
Likely range
R²(i)
8%
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
+3 months
Correlation at this shift
-63%
+35% stronger than no-shift baseline
Personal Consumption shifted 3 months earlier. Reads: "Does BeOne Medicines Ltd. American Depositary Shares (ONC) today line up with Personal Consumption 3 months from now?"
13 overlapping points at this shift
Baseline
-28%
No-shift correlation, matching the main time-series chart above.
Peak shift
+3 months
-63%
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
-40%
10 periods · Return correlation when both series rose
Both Falling
N/A
0 periods · Return correlation when both series fell
Diverging
-69%
6 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 · 379 raw → 19 prepared
Series B
Personal Consumption
PCE
FRED · 809 raw → 809 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
1
Estimated crossover points between normalized spreads.
Slope
-0.0079
Linear regression slope.
Intercept
0.0049
Linear regression intercept.
Saved 3 months ago · ID: fred-pce_stock-onc_monthly_5y