I am not sure what time scale you have there but that graph shows a reasonable correlation between CHN and Pd. There is a delay but increases and decreases in Pd price is reflected in the CHN price. The chnages don't need to be of the same magnitude to show a correlation.
CHN chart, page-2019
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Last
$1.68 |
Change
-0.040(2.33%) |
Mkt cap ! $653.4M | |||
| Open | High | Low | Value | Volume |
| $1.72 | $1.76 | $1.66 | $5.985M | 3.520M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 12000 | $1.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.68 | 9325 | 1 |
View Market Depth
| Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
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Last
$1.68 |
Change
-0.040 ( 2.97 %) |
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| Open | High | Low | Volume | ||
| $1.73 | $1.76 | $1.67 | 799865 | ||
| Last updated 15.59pm 21/05/2024 ? | |||||
| CHN (ASX) Chart |