Loading market view
Loading market view
Loading correlations
BeOne Medicines Ltd. American Depositary Shares (ONC) vs Unemployment Rate
Correlation
of % moves
+35%
In sync
of periods
64%
History
monthsmonths · through 2026-07
18
These move in the same direction about 64% of the time
Their swing sizes only faintly line up (~12% of the pattern is shared).
A real but noisy link — useful as context, risky as a standalone signal.
Both lines start at the same point — easy to compare when growth rates are similar.
Advanced
Statistics
In sync(i)
64%
Headline metric
Movement correlation(i)
+35%
Based on % moves
95% CI
-18% → +72%
Pipeline
Pipeline Summary
18 paired data points survived the monthly window.
Raw input
420
942
Normalized
420
942
Prepared
21
942
Aligned
18
18
Invalid removed
Likely range of correlation
R²(i)
12%
Variance explained
Significance
n.s.
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: -3 to 3 months.
Selected shift
No shift
Correlation at this shift
+35%
No shift — both series at their actual dates.
16 overlapping points at this shift
Baseline
+35%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+35%
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
N/A
4 periods · Return correlation when both series rose
Both Falling
N/A
3 periods · Return correlation when both series fell
Diverging
-49%
9 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
927
A: 3 / B: 924
Series A
BeOne Medicines Ltd. American Depositary Shares (ONC)
ONC
Stock · 420 raw → 21 prepared
Series B
Unemployment Rate
UNRATE
FRED · 942 raw → 942 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
3
Estimated crossover points between normalized spreads.
Slope
0.1010
Linear regression slope.
Intercept
-0.0024
Linear regression intercept.
Saved 4 months ago · ID: fred-unrate_stock-onc_monthly_5y