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Now in pricenxt AnalyticsCorrelation analysis

See which prices move together

Correlation analysis reveal which materials, feedstocks, and price series move in step. Recognise relationships. Understand patterns. Decide better.

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Correlation analysis between several price series

Market logic at a glance

Prices often move together. pricenxt shows these connections clearly in a correlation matrix, so you find patterns, outliers, and possible drivers faster.

What you analyse:

  • Price series with similar developments
  • Strong, weak, and loose relationships
  • Correlation matrix for each selection
  • Freely selectable analysis periods
  • Colour scale for quick interpretation
  • Exportable analyses for your team
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Correlation overview of several price series

Make price relationships visible

Everything you need to put price movements into context. Directly in the pricenxt pricenxt Analytics.

Compare up to five price series

Select several materials, feedstocks or price series. Compare their developments directly. See which prices move alike and where patterns break down.

  • Select up to five price series
  • Find materials via search and filters
  • Narrow down price series, regions, and transaction types
Up to five price series compared side by side
Relationships between price series made visible

Recognise relationships in seconds

The correlation matrix shows you instantly which price series are strongly, weakly or only partly related. No spreadsheet chaos. No lengthy searching.

  • See correlation values directly in the matrix
  • Assess the strength and direction of the relationship
  • Show the number of data points

Customise your analysis

Examine short and long periods. Show or hide the colour scale. Save and export your analysis for your team, procurement, controlling or management.

  • Choose a period from 1 to 4 years
  • Show or hide the colour scale
  • Save and export the analysis
Settings for adjusting the correlation analysis

Independently researched market prices

See which materials and polymers pricenxt provides independently researched and transparent market price information for.

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Make market logic visible

See which materials and raw materials have developed similarly over time. Recognise market relationships. Pinpoint deviations.

  • Materials procurement

    Find materials with similar price movements. Use this view for procurement strategies, alternatives and negotiations built on a real market basis.

  • Sales and calculation

    Compare several price series at once. Recognise relationships, outliers, and possible drivers in the market.

  • Controlling and planning

    Explain price developments transparently. Prepare assessments, budgets, and scenarios properly.

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Correlation analysis – explained in brief

Correlation analysis show how strongly two price series have moved together historically.

You can select up to five price series and analyse their relationships in a correlation matrix.

A high value shows that two price series have moved very similarly in the past. It does not imply an automatic cause-and-effect relationship.

Yes. You can select different periods from one to four years. This lets you check whether relationships hold over the short or long term.

Correlation analysis give you a quick overview of the relationships between several price series. Regression analysis examines the relationship between two price series in more detail.

For procurement, price analysis, controlling, planning, and management. In short: for all teams that want to better understand the price movements of different materials.

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Our team will show you how to use pricenxt for your market and price analysis.

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