Correlation Analysis
Enterprise Products Partners L.P. vs JPMorgan Chase & Co.
EPD vs JPM
+0.832
Strong positive
When one moves up, the other tends to follow.
Enterprise Products Partners L.P.
↗EPD
Enterprise Products Partners is a master limited partnership that transports and processes natural gas, natural gas liquids, crude oil, refined products, and petrochemicals. It is one of the largest midstream companies, with operations servicing most producing regions in the continental US. Enterprise is particularly dominant in the NGL market and is one of the few MLPs that provide midstream services across the full hydrocarbon value chain.
Market cap 81.8B · 7,300 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 EPD by 2 days
JPM tends to move before EPD.
After testing 13 timing shifts, the strongest relationship was +0.832 (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
+0.264
14 periods · Return correlation when both series rose
Both Falling
+0.712
7 periods · Return correlation when both series fell
Diverging
-0.615
14 periods · Return correlation when series moved apart
R-Squared
69.2%
Share of variance in one series explained by the other.
Trend Agreement
62.3%
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: [0.814, 0.848]
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
Enterprise Products Partners L.P.
EPD
Market cap 81.8B · 7,300 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
5
Estimated crossover points between normalized spreads.
Slope
14.2579
Linear regression slope.
Intercept
-204.7077
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
EPD
Enterprise Products Partners L.P.
Highest
+0.906
Walmart Inc. Common Stock
WMT · 1,254 data points
Lowest
+0.369
Johnson & Johnson
JNJ · 1,254 data points
Saved 6 hours ago · ID: stock-epd-vs-stock-jpm-daily