Cross-market lead-lag relationships
Do the timing relationships between returns in different markets show consistent patterns within the sample?
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Sample JSON
Specification JSON
Sample as of
0700.HK Tencent Holdings | Hang Seng Index | 2025-10-16 – 2026-10-16 | HKD
- Highest item: Leads by one period
- 0.68
- Lowest item: Lags by two periods
- -0.1
- Average
- 0.27
- Number of items
- 5 items
Lead-lag correlation
Lagged return correlation (-1 to 1) (Heatmap)
UTC information timing
Valid observations (periods) (Bar)
Sample and multiple comparisons
Lagged return correlation (-1 to 1) and Valid observations (periods) (Table)
Sample data rows
| Lead/lag periods | Lagged return correlation (-1 to 1) | Valid observations (periods) | Data date (sample) |
|---|---|---|---|
| Leads by two periods | 0.33 | 116 | 2026-10-16 |
| Leads by one period | 0.68 | 40 | 2026-10-16 |
| Same window | 0.49 | 27 | 2026-10-16 |
| Lags by one period | -0.07 | 54 | 2026-10-16 |
| Lags by two periods | -0.1 | 26 | 2026-10-16 |