Correlation Analysis
Constellation Energy Corporation Common Stock vs JPMorgan Chase & Co.
CEG vs JPM
+0.968
Very strong positive
When one moves up, the other tends to follow.
Constellation Energy Corporation Common Stock
↗CEG
Constellation Energy Corp producer of carbon-free energy and a supplier of energy products and services. The company offers generating capacity that includes nuclear, wind, solar, natural gas, and hydroelectric assets. It sells electricity, natural gas, and other energy-related products and sustainable solutions to various types of customers, including distribution utilities, municipalities, cooperatives, and commercial, industrial, public sector, and residential customers in markets across multiple geographic regions. Its operating segments and reporting units are Mid-Atlantic, Midwest, New York, ERCOT, and Other Power Regions.
Market cap 99.7B · 15,339 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
CEG leads JPM by 6 days
CEG tends to move before JPM.
After testing 13 timing shifts, the strongest relationship was +0.970 (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
+0.441
16 periods · Return correlation when both series rose
Both Falling
+0.569
8 periods · Return correlation when both series fell
Diverging
-0.734
11 periods · Return correlation when series moved apart
R-Squared
93.6%
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
1,047
Deep shared window — 1,047 usable pairs.
Significance
p < 0.001
95% CI: [0.964, 0.971]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
1,047 paired data points survived the daily window.
Raw input
1,047
1,254
Normalized
1,047
1,254
Prepared
1,047
1,254
Aligned
1,047
1,047
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
207
A: 0 / B: 207
Series A
Constellation Energy Corporation Common Stock
CEG
Market cap 99.7B · 15,339 employees
Stock · 1,047 raw → 1,047 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
24
Estimated crossover points between normalized spreads.
Slope
0.6370
Linear regression slope.
Intercept
83.6035
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
CEG
Constellation Energy Corporation Common Stock
Highest
+0.936
NetFlix Inc
NFLX · 1,047 data points
Lowest
+0.306
Johnson & Johnson
JNJ · 1,047 data points
Saved 7 hours ago · ID: stock-ceg-vs-stock-jpm-daily