Correlation Analysis
Axon Enterprise, Inc. Common Stock vs JPMorgan Chase & Co.
AXON vs JPM
+0.921
Very strong positive
When one moves up, the other tends to follow.
Axon Enterprise, Inc. Common Stock
↗AXON
Axon Enterprise Inc is building a public safety operating system by integrating a suite of hardware devices and cloud software solutions. The company's suite includes cloud-hosted digital evidence management solutions, TASER energy devices, drones and robotic security, and training solutions. Its operation comprises of two operating segments, Software and Services, and Connected Devices. The company generates the majority of its revenue from the Connected Devices segment, which is engaged in developing, manufacturing, and selling fully integrated hardware solutions such as conducted energy devices sold under the TASER brand, body cameras, fixed and in-car cameras, drone and counter-drone technologies, and a broad ecosystem of accessories, extended warranties and related hardware products.
Market cap 33.2B · 6,300 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
AXON leads JPM by 6 days
AXON tends to move before JPM.
After testing 13 timing shifts, the strongest relationship was +0.928 (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
+0.511
15 periods · Return correlation when both series rose
Both Falling
+0.663
8 periods · Return correlation when both series fell
Diverging
-0.492
12 periods · Return correlation when series moved apart
R-Squared
84.8%
Share of variance in one series explained by the other.
Trend Agreement
59.6%
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
Axon Enterprise, Inc. Common Stock
AXON
Market cap 33.2B · 6,300 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
6
Estimated crossover points between normalized spreads.
Slope
0.2750
Linear regression slope.
Intercept
101.6323
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
AXON
Axon Enterprise, Inc. Common Stock
Highest
+0.952
VISA Inc.
V · 1,254 data points
Lowest
+0.141
Johnson & Johnson
JNJ · 1,254 data points
Saved 6 hours ago · ID: stock-axon-vs-stock-jpm-daily