Correlation Analysis
The Estee Lauder Companies Inc. Class A vs JPMorgan Chase & Co.
EL vs JPM
-0.719
Strong inverse
When one moves up, the other tends to move down.
The Estee Lauder Companies Inc. Class A
↗EL
Estée Lauder is a leader in the global prestige beauty market, participating across skin care (49% of fiscal 2025 sales), makeup (29%), fragrance (17%), and hair care and others (5%). Top-selling brands include Estée Lauder, Clinique, M.A.C, La Mer, Jo Malone London, Aveda, Bobbi Brown, and Origins. The firm operates in more than 150 countries, generating 31% of revenue from the Americas, 37% from Europe, the Middle East and Africa (including travel retail), and 32% from Asia-Pacific. Estée Lauder sells its products through department stores, travel retail, specialty multibrand beauty stores, brand-dedicated freestanding stores, e-commerce, salons/spas, and perfumeries.
Market cap 25.7B · 57,000 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
EL leads JPM by 6 days
EL tends to move before JPM.
After testing 13 timing shifts, the strongest relationship was -0.728 (they moved in opposite directions).
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
+0.056
12 periods · Return correlation when both series rose
Both Falling
-0.330
9 periods · Return correlation when both series fell
Diverging
-0.469
14 periods · Return correlation when series moved apart
R-Squared
51.8%
Share of variance in one series explained by the other.
Trend Agreement
60.8%
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: [-0.745, -0.692]
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
The Estee Lauder Companies Inc. Class A
EL
Market cap 25.7B · 57,000 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
-0.4907
Linear regression slope.
Intercept
279.8188
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
EL
The Estee Lauder Companies Inc. Class A
Highest
-0.029
Johnson & Johnson
JNJ · 1,254 data points
Lowest
-0.912
Eli Lilly & Co.
LLY · 1,254 data points
Saved 7 hours ago · ID: stock-el-vs-stock-jpm-daily