Correlation Analysis
AST SpaceMobile, Inc. Class A Common Stock vs JPMorgan Chase & Co.
ASTS vs JPM
+0.845
Strong positive
When one moves up, the other tends to follow.
AST SpaceMobile, Inc. Class A Common Stock
↗ASTS
AST SpaceMobile Inc is currently designing, developing and manufacturing the constellation of BlueBird (BB) satellites and has begun launching its planned space-based Cellular Broadband network distributed through a constellation of low Earth orbit (LEO) satellites. The company is building a cellular broadband network in space to operate directly with standard, unmodified mobile devices, and off-the-shelf mobile phones based on extensive IP and patent portfolio. It has focused on eliminating the connectivity gaps faced by mobile subscribers. The Company's spaceMobile Service is being designed to provide cost-effective, high-speed Cellular Broadband services to end-users who are out of terrestrial cellular coverage using existing mobile devices.
Market cap 27.7B · 1,126 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 ASTS by 6 days
JPM tends to move before ASTS.
After testing 13 timing shifts, the strongest relationship was +0.853 (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
+0.021
13 periods · Return correlation when both series rose
Both Falling
+0.880
8 periods · Return correlation when both series fell
Diverging
-0.558
14 periods · Return correlation when series moved apart
R-Squared
71.5%
Share of variance in one series explained by the other.
Trend Agreement
58.5%
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: [0.829, 0.860]
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
AST SpaceMobile, Inc. Class A Common Stock
ASTS
Market cap 27.7B · 1,126 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
1
Estimated crossover points between normalized spreads.
Slope
2.1606
Linear regression slope.
Intercept
146.6259
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
ASTS
AST SpaceMobile, Inc. Class A Common Stock
Highest
+0.890
Micron Technology, Inc.
MU · 1,254 data points
Lowest
+0.515
Exxon Mobil Corporation
XOM · 1,254 data points
Saved 6 hours ago · ID: stock-asts-vs-stock-jpm-daily