Correlation Analysis
Entegris Inc vs JPMorgan Chase & Co.
ENTG vs JPM
-0.095
Weak inverse
When one moves up, the other tends to move down.
Entegris Inc
↗ENTG
Entegris is a leading supplier of purification solutions and advanced materials. The vast majority of sales are to the semiconductor industry. The majority of revenue comes from semiconductor fabricators, but the company sells to all areas of the semiconductor manufacturing supply chain including equipment and engineering, chemicals and materials, and distributors. Entegris specializes in materials science and materials purity, both of which are crucial in the semiconductor manufacturing process.
Market cap 17.6B · 7,700 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
ENTG leads JPM by 6 days
ENTG tends to move before JPM.
After testing 13 timing shifts, the strongest relationship was -0.116 (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
+0.118
13 periods · Return correlation when both series rose
Both Falling
+0.954
10 periods · Return correlation when both series fell
Diverging
-0.641
12 periods · Return correlation when series moved apart
R-Squared
0.9%
Share of variance in one series explained by the other.
Trend Agreement
62.7%
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: [-0.149, -0.040]
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
Entegris Inc
ENTG
Market cap 17.6B · 7,700 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
-0.2891
Linear regression slope.
Intercept
221.2232
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
Saved 9 hours ago · ID: stock-entg-vs-stock-jpm-daily