Correlation Analysis
Credo Technology Group Holding Ltd Ordinary Shares vs JPMorgan Chase & Co.
CRDO vs JPM
+0.906
Very strong positive
When one moves up, the other tends to follow.
Credo Technology Group Holding Ltd Ordinary Shares
↗CRDO
Credo Technology Group Holding Ltd delivers high-speed solutions to break bandwidth barriers on every wired connection in the data infrastructure market. It provides secure, high-speed connectivity solutions that deliver improved power and cost efficiency as data rates and corresponding bandwidth requirements increase exponentially throughout the data infrastructure market. It has a geographic presence in Hong Kong, the United States, Mainland China, Taiwan, and the Rest of the World.
Market cap 18.9B · 622 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 CRDO by 2 days
JPM tends to move before CRDO.
After testing 13 timing shifts, the strongest relationship was +0.906 (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
+0.351
16 periods · Return correlation when both series rose
Both Falling
+0.659
8 periods · Return correlation when both series fell
Diverging
-0.944
11 periods · Return correlation when series moved apart
R-Squared
82.2%
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
1,051
Deep shared window — 1,051 usable pairs.
Significance
p < 0.001
95% CI: [0.895, 0.917]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
1,051 paired data points survived the daily window.
Raw input
1,051
1,254
Normalized
1,051
1,254
Prepared
1,051
1,254
Aligned
1,051
1,051
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
203
A: 0 / B: 203
Series A
Credo Technology Group Holding Ltd Ordinary Shares
CRDO
Market cap 18.9B · 622 employees
Stock · 1,051 raw → 1,051 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
15
Estimated crossover points between normalized spreads.
Slope
1.3219
Linear regression slope.
Intercept
137.3945
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
CRDO
Credo Technology Group Holding Ltd Ordinary Shares
Highest
+0.883
Walmart Inc. Common Stock
WMT · 1,051 data points
Lowest
+0.489
Exxon Mobil Corporation
XOM · 1,051 data points
Saved 4 hours ago · ID: stock-crdo-vs-stock-jpm-daily