Correlation Analysis
Broadridge Financial Solutions Inc vs JPMorgan Chase & Co.
BR vs JPM
+0.830
Strong positive
When one moves up, the other tends to follow.
Broadridge Financial Solutions Inc
↗BR
Broadridge Financial Solutions, which was spun off from Automatic Data Processing in 2007, is a leading provider of investor communication and technology-driven solutions to banks, broker/dealers, traditional and alternative-asset managers, wealth managers, and corporate issuers. Broadridge is composed of two operating segments: investor communication solutions and global technology and operations.
Market cap 19B · 15,000 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
BR leads JPM by 6 days
BR tends to move before JPM.
After testing 13 timing shifts, the strongest relationship was +0.847 (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
+0.424
17 periods · Return correlation when both series rose
Both Falling
-0.068
7 periods · Return correlation when both series fell
Diverging
-0.823
11 periods · Return correlation when series moved apart
R-Squared
69.0%
Share of variance in one series explained by the other.
Trend Agreement
61.7%
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: [0.812, 0.847]
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
Broadridge Financial Solutions Inc
BR
Market cap 19B · 15,000 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
37
Estimated crossover points between normalized spreads.
Slope
1.5162
Linear regression slope.
Intercept
-92.7337
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
BR
Broadridge Financial Solutions Inc
Highest
+0.912
Mastercard Incorporated
MA · 1,254 data points
Lowest
-0.072
Johnson & Johnson
JNJ · 1,254 data points
Saved 7 hours ago · ID: stock-br-vs-stock-jpm-daily