Correlation Analysis
Cognizant Technology Solutions vs JPMorgan Chase & Co.
CTSH vs JPM
+0.293
Light positive
When one moves up, the other tends to follow.
Cognizant Technology Solutions
↗CTSH
Cognizant Technology Solutions is a multinational IT services provider that offers a range of consulting and business process outsourcing services. Originally founded in India, the company is headquartered in the US and serves enterprise customers spanning the financial services, healthcare, and resources industries. With most of its workforce located in India, Cognizant leverages a global delivery model that helps clients outsource their IT needs to offshore labor.
Market cap 29.8B · 351,600 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 CTSH by 6 days
JPM tends to move before CTSH.
After testing 13 timing shifts, the strongest relationship was +0.294 (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
+0.457
14 periods · Return correlation when both series rose
Both Falling
+0.564
8 periods · Return correlation when both series fell
Diverging
-0.707
13 periods · Return correlation when series moved apart
R-Squared
8.6%
Share of variance in one series explained by the other.
Trend Agreement
65.7%
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: [0.241, 0.342]
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
Cognizant Technology Solutions
CTSH
Market cap 29.8B · 351,600 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
3
Estimated crossover points between normalized spreads.
Slope
2.2519
Linear regression slope.
Intercept
27.2926
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
CTSH
Cognizant Technology Solutions
Highest
+0.338
NetFlix Inc
NFLX · 1,254 data points
Lowest
-0.295
Exxon Mobil Corporation
XOM · 1,254 data points
Saved 7 hours ago · ID: stock-ctsh-vs-stock-jpm-daily