Loading market view
Loading market view
Loading correlations
BeOne Medicines Ltd. American Depositary Shares (ONC) vs PCE Price Index
Correlation
of % moves
-40%
In sync
of periods
64%
History
monthsmonths · through 2026-03
15
These move in the same direction about 64% of the time
Their swing sizes only faintly mirror each other (~16% 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 PCE Price Index
Watch ONC for an early read on PCE Price Index.
Advanced
Statistics
In sync(i)
64.3%
Headline metric
Movement correlation(i)
-40%
Based on % moves
95% CI
-77% → +17%
Pipeline
Pipeline Summary
15 paired data points survived the monthly window.
Raw input
348
807
Normalized
348
807
Prepared
17
807
Aligned
15
15
Invalid removed
Likely range of correlation
R²(i)
16.0%
Variance explained
Significance
n.s.
Statistical confidence
Data points
15
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: -4 to 4 months.
Selected shift
+3 months
Correlation at this shift
-49%
+9% stronger than no-shift baseline
PCE Price Index shifted 3 months earlier. Reads: "Does BeOne Medicines Ltd. American Depositary Shares (ONC) today line up with PCE Price Index 3 months from now?"
11 overlapping points at this shift
Baseline
-40%
No-shift correlation, matching the main time-series chart above.
Peak shift
+3 months
-49%
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
+34%
9 periods · Return correlation when both series rose
Both Falling
N/A
0 periods · Return correlation when both series fell
Diverging
-97%
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 · 348 raw → 17 prepared
Series B
PCE Price Index
PCEPI
FRED · 807 raw → 807 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
2
Estimated crossover points between normalized spreads.
Slope
-0.0066
Linear regression slope.
Intercept
0.0029
Linear regression intercept.
Saved 2 weeks ago · ID: fred-pcepi_stock-onc_monthly_5y