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BeOne Medicines Ltd. American Depositary Shares (ONC) vs Personal Consumption
Correlation
of % moves
-26%
In sync
of periods
67%
History
monthsmonths · through 2026-04
16
These move in the same direction about 67% of the time
Their swing sizes only faintly mirror each other (~7% of the pattern is shared).
A faint pattern — interesting as colour, not strong enough to act on alone.
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)
66.7%
Headline metric
Movement correlation(i)
-26%
Based on % moves
95% CI
-68% → +29%
Pipeline
Pipeline Summary
16 paired data points survived the monthly window.
Raw input
361
808
Normalized
361
808
Prepared
18
808
Aligned
16
16
Invalid removed
Likely range of correlation
R²(i)
6.8%
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
+3 months
Correlation at this shift
-73%
+47% 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?"
12 overlapping points at this shift
Baseline
-26%
No-shift correlation, matching the main time-series chart above.
Peak shift
+3 months
-73%
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
-55%
10 periods · Return correlation when both series rose
Both Falling
N/A
0 periods · Return correlation when both series fell
Diverging
-96%
5 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 · 361 raw → 18 prepared
Series B
Personal Consumption
PCE
FRED · 808 raw → 808 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
1
Estimated crossover points between normalized spreads.
Slope
-0.0070
Linear regression slope.
Intercept
0.0050
Linear regression intercept.
Saved last month · ID: fred-pce_stock-onc_monthly_5y