Positive & Negative Correlations in NEPSE and other asset classes

Has anyone done enough substantial and statistically significant results in this sub to discover patterns of negative correlations of other assets or variables in respect to NEPSE?

I know a-lot of people say that NEPSE is inversely correlated to bank rates, but i found a couple of research papers which doesn’t seem to agree.

Would love to hear what maths enthusiasts here have to say.

View on r/NepalStock by Aggravating_Fill_982