Correlation Analysis
EXAS vs JPMorgan Chase & Co.
EXAS vs JPM
+0.030
Near-zero positive
When one moves up, the other tends to follow.
EXAS
EXAS
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 EXAS by 6 days
JPM tends to move before EXAS.
After testing 13 timing shifts, the strongest relationship was +0.046 (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
+0.146
11 periods · Return correlation when both series rose
Both Falling
-0.551
8 periods · Return correlation when both series fell
Diverging
-0.453
16 periods · Return correlation when series moved apart
R-Squared
0.1%
Share of variance in one series explained by the other.
Trend Agreement
58.3%
How often both series moved in the same direction period-to-period.
Overlap Quality
1,243
Deep shared window — 1,243 usable pairs.
Significance
n.s.
95% CI: [-0.026, 0.085]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
1,243 paired data points survived the daily window.
Raw input
1,243
1,254
Normalized
1,243
1,254
Prepared
1,243
1,254
Aligned
1,243
1,243
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
11
A: 0 / B: 11
Series A
EXAS
Stock · 1,243 raw → 1,243 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
0.0813
Linear regression slope.
Intercept
184.2653
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
Saved 7 hours ago · ID: stock-exas-vs-stock-jpm-daily