Correlation Analysis
Corpay, Inc. vs JPMorgan Chase & Co.
CPAY vs JPM
+0.160
Weak positive
When one moves up, the other tends to follow.
Corpay, Inc.
↗CPAY
Corpay Inc is a corporate payments company that helps businesses and consumers manage and pay their expenses. The company offers payment and spend management solutions, including accounts payable automation, cross-border payments, commercial card programs, vehicle payment solutions, and lodging payment services. Its reportable segments are: Corporate Payments, Vehicle Payments, Lodging Payments and Other. The majority of the company's revenue is derived from the Vehicle Payments segment, which helps customers to pay for vehicle related expenses. Geographically, it derives the maximum revenue from the United States and the rest from Brazil, the United Kingdom and other countries.
Market cap 20.3B · 11,800 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
in sync
CPAY and JPM tend to move at the same time.
After testing 13 timing shifts, the strongest relationship was +0.160 (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
+0.507
14 periods · Return correlation when both series rose
Both Falling
+0.000
11 periods · Return correlation when both series fell
Diverging
-0.749
10 periods · Return correlation when series moved apart
R-Squared
2.6%
Share of variance in one series explained by the other.
Trend Agreement
62.4%
How often both series moved in the same direction period-to-period.
Overlap Quality
510
Robust shared window — 510 usable pairs.
Significance
p < 0.001
95% CI: [0.074, 0.244]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
510 paired data points survived the daily window.
Raw input
510
1,254
Normalized
510
1,254
Prepared
510
1,254
Aligned
510
510
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
744
A: 0 / B: 744
Series A
Corpay, Inc.
CPAY
Market cap 20.3B · 11,800 employees
Stock · 510 raw → 510 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
13
Estimated crossover points between normalized spreads.
Slope
0.2182
Linear regression slope.
Intercept
187.8800
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
Saved 6 hours ago · ID: stock-cpay-vs-stock-jpm-daily