Correlation Analysis
Astera Labs, Inc. Common Stock vs JPMorgan Chase & Co.
ALAB vs JPM
+0.825
Strong positive
When one moves up, the other tends to follow.
Astera Labs, Inc. Common Stock
↗ALAB
Astera Labs Inc designs and delivers semiconductor-based connectivity solutions for cloud and AI infrastructure. Its Intelligent Connectivity Platform integrates semiconductor technology, microcontrollers, sensors, and software to enhance performance, scalability, and data management. The company offers products such as integrated circuits (ICs), boards, and modules, catering to hyperscalers and system OEMs. The company's solutions focus on data, network, and memory management in AI-driven platforms. Geographically, the company operates in Singapore, China, Taiwan, and United States, of which maximum revenue is derived from United States.
Market cap 20.1B · 756 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
ALAB leads JPM by 5 days
ALAB tends to move before JPM.
After testing 13 timing shifts, the strongest relationship was +0.826 (they moved in the same direction).
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
-0.017
11 periods · Return correlation when both series rose
Both Falling
+0.392
11 periods · Return correlation when both series fell
Diverging
-0.581
13 periods · Return correlation when series moved apart
R-Squared
68.0%
Share of variance in one series explained by the other.
Trend Agreement
57.8%
How often both series moved in the same direction period-to-period.
Overlap Quality
513
Robust shared window — 513 usable pairs.
Significance
p < 0.001
95% CI: [0.795, 0.851]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
513 paired data points survived the daily window.
Raw input
513
1,254
Normalized
513
1,254
Prepared
513
1,254
Aligned
513
513
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
741
A: 0 / B: 741
Series A
Astera Labs, Inc. Common Stock
ALAB
Market cap 20.1B · 756 employees
Stock · 513 raw → 513 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
29
Estimated crossover points between normalized spreads.
Slope
0.7100
Linear regression slope.
Intercept
181.0752
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
ALAB
Astera Labs, Inc. Common Stock
Highest
+0.805
Tesla, Inc. Common Stock
TSLA · 513 data points
Lowest
+0.095
Eli Lilly & Co.
LLY · 513 data points
Saved 4 hours ago · ID: stock-alab-vs-stock-jpm-daily