Correlation Analysis
Applovin Corporation Class A Common Stock vs JPMorgan Chase & Co.
APP vs JPM
+0.934
Very strong positive
When one moves up, the other tends to follow.
Applovin Corporation Class A Common Stock
↗APP
AppLovin is a vertically integrated advertising technology company that acts as a demand-side platform for advertisers, a supply-side platform for publishers, and an exchange facilitating transactions between the two. About 80% of AppLovin's revenue comes from the DSP, AppDiscovery, while the remainder comes from the SSP, Max. AppLovin's primary tool for future growth is AXON 2, which is an ad optimizer operating within the DSP that allows advertisers to place ads according to specified return thresholds.
Market cap 139.2B · 898 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
JPM leads APP by 5 days
JPM tends to move before APP.
After testing 13 timing shifts, the strongest relationship was +0.934 (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
+0.344
16 periods · Return correlation when both series rose
Both Falling
+0.658
9 periods · Return correlation when both series fell
Diverging
-0.685
10 periods · Return correlation when series moved apart
R-Squared
87.2%
Share of variance in one series explained by the other.
Trend Agreement
60.0%
How often both series moved in the same direction period-to-period.
Overlap Quality
1,250
Deep shared window — 1,250 usable pairs.
Significance
p < 0.001
95% CI: [0.926, 0.941]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
1,250 paired data points survived the daily window.
Raw input
1,250
1,254
Normalized
1,250
1,254
Prepared
1,250
1,254
Aligned
1,250
1,250
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
4
A: 0 / B: 4
Series A
Applovin Corporation Class A Common Stock
APP
Market cap 139.2B · 898 employees
Stock · 1,250 raw → 1,250 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
1
Estimated crossover points between normalized spreads.
Slope
0.3128
Linear regression slope.
Intercept
140.3360
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
APP
Applovin Corporation Class A Common Stock
Highest
+0.914
Walmart Inc. Common Stock
WMT · 1,250 data points
Lowest
+0.426
Exxon Mobil Corporation
XOM · 1,250 data points
Saved 4 hours ago · ID: stock-app-vs-stock-jpm-daily