Correlation Analysis
Apollo Global Management, Inc. vs JPMorgan Chase & Co.
APO vs JPM
+0.866
Very strong positive
When one moves up, the other tends to follow.
Apollo Global Management, Inc.
↗APO
Apollo is one of the world's largest alternative asset managers, with $938.4 billion in total assets under management, or AUM, including $709.1 billion in fee-earning assets, at the end of 2025. The company has two core operating segments: asset management and retirement services. Apollo operates with scale in each of its major product lines—private equity (with $128.4 billion in total AUM and $75.0 billion in fee-earning AUM), real estate/real assets ($60.8 billion/$27.6 billion), and credit ($749.2 billion/$606.5 billion). Apollo has a distribution profile that is likely not too far off from the industry averages—with 84% of its assets held by institutional investors and 16% by high-net-worth clients.
Market cap 61.4B · 4,130 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
APO leads JPM by 6 days
APO tends to move before JPM.
After testing 13 timing shifts, the strongest relationship was +0.870 (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
+0.225
18 periods · Return correlation when both series rose
Both Falling
+0.847
10 periods · Return correlation when both series fell
Diverging
-0.688
7 periods · Return correlation when series moved apart
R-Squared
74.9%
Share of variance in one series explained by the other.
Trend Agreement
68.9%
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: [0.851, 0.879]
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
Apollo Global Management, Inc.
APO
Market cap 61.4B · 4,130 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
30
Estimated crossover points between normalized spreads.
Slope
1.5234
Linear regression slope.
Intercept
45.3534
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
APO
Apollo Global Management, Inc.
Highest
+0.933
Mastercard Incorporated
MA · 1,254 data points
Lowest
+0.011
Johnson & Johnson
JNJ · 1,254 data points
Saved 6 hours ago · ID: stock-apo-vs-stock-jpm-daily