Correlation Analysis
Digital Realty Trust, Inc. vs JPMorgan Chase & Co.
DLR vs JPM
+0.732
Strong positive
When one moves up, the other tends to follow.
Digital Realty Trust, Inc.
↗DLR
Digital Realty is one of the leading providers of cloud- and carrier-neutral data centers, offering colocation and interconnection services to hyperscalers and large businesses. Digital Realty operates 300 properties in 57 metropolitan areas across 31 countries, serving 5,000 customers. Renting physical space accounts for about 90% of Digital Realty's revenue. The firm enables hyperscalers and other clients to store servers, data, and networking equipment. The other 10% of revenue is generated primarily through interconnection services (8%) and other fee income (2%).
Market cap 62.5B · 4,282 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
DLR and JPM tend to move at the same time.
After testing 13 timing shifts, the strongest relationship was +0.732 (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
+0.464
16 periods · Return correlation when both series rose
Both Falling
+0.324
6 periods · Return correlation when both series fell
Diverging
-0.671
13 periods · Return correlation when series moved apart
R-Squared
53.7%
Share of variance in one series explained by the other.
Trend Agreement
58.6%
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: [0.706, 0.757]
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
Digital Realty Trust, Inc.
DLR
Market cap 62.5B · 4,282 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
23
Estimated crossover points between normalized spreads.
Slope
1.8763
Linear regression slope.
Intercept
-79.7198
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
DLR
Digital Realty Trust, Inc.
Highest
+0.769
NetFlix Inc
NFLX · 1,254 data points
Lowest
+0.034
Exxon Mobil Corporation
XOM · 1,254 data points
Saved 6 hours ago · ID: stock-dlr-vs-stock-jpm-daily