Correlation Analysis
The Allstate Corporation vs JPMorgan Chase & Co.
ALL vs JPM
+0.921
Very strong positive
When one moves up, the other tends to follow.
The Allstate Corporation
↗ALL
Allstate is one of the largest US property-casualty insurers in the US. Personal auto represents the largest percentage of revenue, but the company offers homeowners insurance and other insurance products. Allstate products are sold in North America primarily by about 6,000 exclusive agents.
Market cap 54.1B · 53,300 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
in sync
ALL and JPM tend to move at the same time.
After testing 13 timing shifts, the strongest relationship was +0.921 (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
+0.111
16 periods · Return correlation when both series rose
Both Falling
-0.147
7 periods · Return correlation when both series fell
Diverging
-0.792
12 periods · Return correlation when series moved apart
R-Squared
84.8%
Share of variance in one series explained by the other.
Trend Agreement
64.8%
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: [0.912, 0.929]
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
The Allstate Corporation
ALL
Market cap 54.1B · 53,300 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
42
Estimated crossover points between normalized spreads.
Slope
1.6525
Linear regression slope.
Intercept
-63.5256
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
Saved 6 hours ago · ID: stock-all-vs-stock-jpm-daily