Correlation Analysis
Expand Energy Corporation Common Stock vs JPMorgan Chase & Co.
EXE vs JPM
+0.456
Moderate positive
When one moves up, the other tends to follow.
Expand Energy Corporation Common Stock
↗EXE
Expand Energy is a North American natural gas producer in the Haynesville and Appalachian basins, formed by the combination of Chesapeake and Southwestern. Its largest operation by volume is the Haynesville basin in Louisiana, which is heavily exposed to nearby LNG production. Appalachia benefits from its proximity to population centers in the Northeast and mid-Atlantic regions.
Market cap 24.9B · 1,600 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
EXE and JPM tend to move at the same time.
After testing 13 timing shifts, the strongest relationship was +0.456 (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
-0.055
14 periods · Return correlation when both series rose
Both Falling
-0.234
10 periods · Return correlation when both series fell
Diverging
-0.523
11 periods · Return correlation when series moved apart
R-Squared
20.8%
Share of variance in one series explained by the other.
Trend Agreement
53.4%
How often both series moved in the same direction period-to-period.
Overlap Quality
378
Robust shared window — 378 usable pairs.
Significance
p < 0.001
95% CI: [0.373, 0.533]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
378 paired data points survived the daily window.
Raw input
378
1,254
Normalized
378
1,254
Prepared
378
1,254
Aligned
378
378
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
876
A: 0 / B: 876
Series A
Expand Energy Corporation Common Stock
EXE
Market cap 24.9B · 1,600 employees
Stock · 378 raw → 378 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
7
Estimated crossover points between normalized spreads.
Slope
1.7325
Linear regression slope.
Intercept
95.3442
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
EXE
Expand Energy Corporation Common Stock
Highest
+0.532
VISA Inc.
V · 378 data points
Lowest
+0.058
Exxon Mobil Corporation
XOM · 378 data points
Saved 7 hours ago · ID: stock-exe-vs-stock-jpm-daily