Correlation Analysis
Booking Holdings Inc. Common Stock vs JPMorgan Chase & Co.
BKNG vs JPM
+0.933
Very strong positive
When one moves up, the other tends to follow.
Booking Holdings Inc. Common Stock
↗BKNG
Booking is the world's largest online travel agency by sales, offering booking and payment services for hotel and alternative accommodation rooms, airlines, rental cars, restaurants, cruises, experiences, and other vacation packages. The company operates several branded travel booking sites, including Booking.com, Agoda, OpenTable, Rentalcars.com, and Kayak. Transaction fees for online bookings account for the bulk of revenue and profits.
Market cap 139.5B · 24,300 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
BKNG leads JPM by 6 days
BKNG tends to move before JPM.
After testing 13 timing shifts, the strongest relationship was +0.936 (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
+0.490
16 periods · Return correlation when both series rose
Both Falling
+0.380
8 periods · Return correlation when both series fell
Diverging
-0.800
11 periods · Return correlation when series moved apart
R-Squared
87.0%
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: [0.925, 0.940]
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
Booking Holdings Inc. Common Stock
BKNG
Market cap 139.5B · 24,300 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
40
Estimated crossover points between normalized spreads.
Slope
1.1983
Linear regression slope.
Intercept
28.6466
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
BKNG
Booking Holdings Inc. Common Stock
Highest
+0.979
Mastercard Incorporated
MA · 1,254 data points
Lowest
+0.122
Johnson & Johnson
JNJ · 1,254 data points
Saved 7 hours ago · ID: stock-bkng-vs-stock-jpm-daily