Correlation Analysis
Archer Daniels Midland Company vs JPMorgan Chase & Co.
ADM vs JPM
-0.667
Strong inverse
When one moves up, the other tends to move down.
Archer Daniels Midland Company
↗ADM
Archer-Daniels-Midland is a major processor of oilseeds, corn, wheat, and other agricultural commodities. The company is also one of the largest grain merchandisers through its extensive network of logistical assets to store and transport crops around the globe. ADM also runs a nutrition business that focuses on both human and animal ingredients and is a large producer of corn-based sweeteners, starches, and ethanol.
Market cap 35.4B · 41,496 employees
JPMorgan Chase & Co.
↗JPM
JPMorgan Chase is one of the largest and most complex financial institutions in the United States, with more than $4.4 trillion in assets. It is organized into four major segments: consumer and community banking, corporate and investment banking, commercial banking, and asset and wealth management. JPMorgan operates and is subject to regulation in multiple countries.
Market cap 792.5B
Time Series
Relative Performance
Who Moves First
ADM leads JPM by 6 days
ADM tends to move before JPM.
After testing 13 timing shifts, the strongest relationship was -0.683 (they moved in opposite directions).
Do They Crash Together?
Correlation by Market Regime
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
-0.160
11 periods · Return correlation when both series rose
Both Falling
-0.323
7 periods · Return correlation when both series fell
Diverging
-0.554
17 periods · Return correlation when series moved apart
R-Squared
44.5%
Share of variance in one series explained by the other.
Trend Agreement
59.9%
How often both series moved in the same direction period-to-period.
Overlap Quality
1,254
Deep shared window — 1,254 usable pairs.
Significance
p < 0.001
95% CI: [-0.697, -0.635]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
1,254 paired data points survived the daily window.
Raw input
1,254
1,254
Normalized
1,254
1,254
Prepared
1,254
1,254
Aligned
1,254
1,254
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
0
A: 0 / B: 0
Series A
Archer Daniels Midland Company
ADM
Market cap 35.4B · 41,496 employees
Stock · 1,254 raw → 1,254 prepared
Series B
JPMorgan Chase & Co.
JPM
Market cap 792.5B
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
3
Estimated crossover points between normalized spreads.
Slope
-3.2401
Linear regression slope.
Intercept
410.8761
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
ADM
Archer Daniels Midland Company
Highest
+0.176
Johnson & Johnson
JNJ · 1,254 data points
Lowest
-0.772
NetFlix Inc
NFLX · 1,254 data points
Saved 7 hours ago · ID: stock-adm-vs-stock-jpm-daily