Correlation Analysis
CenterPoint Energy, Inc. vs JPMorgan Chase & Co.
CNP vs JPM
+0.780
Strong positive
When one moves up, the other tends to follow.
CenterPoint Energy, Inc.
↗CNP
CenterPoint Energy owns a portfolio of businesses. Its regulated electric utilities provide transmission and distribution services to more than 2.5 million customers in the Houston area, southern Indiana, and west central Ohio.
Market cap 28.5B · 8,794 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 CNP by 6 days
JPM tends to move before CNP.
After testing 13 timing shifts, the strongest relationship was +0.784 (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
-0.259
16 periods · Return correlation when both series rose
Both Falling
+0.257
5 periods · Return correlation when both series fell
Diverging
-0.669
14 periods · Return correlation when series moved apart
R-Squared
60.8%
Share of variance in one series explained by the other.
Trend Agreement
57.6%
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: [0.757, 0.801]
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
CenterPoint Energy, Inc.
CNP
Market cap 28.5B · 8,794 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
5
Estimated crossover points between normalized spreads.
Slope
10.5857
Linear regression slope.
Intercept
-136.0350
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
Saved 7 hours ago · ID: stock-cnp-vs-stock-jpm-daily