Correlation Analysis
Equinix, Inc. Common Stock REIT vs JPMorgan Chase & Co.
EQIX vs JPM
+0.616
Moderate positive
When one moves up, the other tends to follow.
Equinix, Inc. Common Stock REIT
↗EQIX
Equinix is one of the leading providers of cloud- and carrier-neutral data centers, offering colocation and interconnection services to hyperscalers and businesses. Equinix operates 270 properties in 77 metropolitan areas across 36 countries, serving over 10,000 customers. About 70% of Equinix's revenue comes from renting physical space, which allows hyperscalers and other clients to store servers, data storage, and networking equipment. The other 30% of revenue is generated primarily through interconnection services (20%) and other managed services (10%).
Market cap 100.2B · 13,716 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
EQIX and JPM tend to move at the same time.
After testing 13 timing shifts, the strongest relationship was +0.616 (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
+0.282
16 periods · Return correlation when both series rose
Both Falling
+0.439
8 periods · Return correlation when both series fell
Diverging
-0.827
11 periods · Return correlation when series moved apart
R-Squared
38.0%
Share of variance in one series explained by the other.
Trend Agreement
60.2%
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: [0.581, 0.650]
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
Equinix, Inc. Common Stock REIT
EQIX
Market cap 100.2B · 13,716 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
53
Estimated crossover points between normalized spreads.
Slope
0.4390
Linear regression slope.
Intercept
-151.5544
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
EQIX
Equinix, Inc. Common Stock REIT
Highest
+0.649
NetFlix Inc
NFLX · 1,254 data points
Lowest
+0.111
Johnson & Johnson
JNJ · 1,254 data points
Saved 6 hours ago · ID: stock-eqix-vs-stock-jpm-daily