Correlation Analysis
Fiserv, Inc. Common Stock vs JPMorgan Chase & Co.
FISV vs JPM
-0.809
Strong inverse
When one moves up, the other tends to move down.
Fiserv, Inc. Common Stock
↗FISV
Fiserv is a leading provider of core processing and complementary services, such as electronic funds transfer, payment processing, and loan processing, for US banks and credit unions, with a focus on small and midsize banks. Following its 2019 merger with First Data, Fiserv also provides payment processing services to merchants. About 10% of the company's revenue is generated internationally.
Market cap 30B · 38,000 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
FISV and JPM tend to move at the same time.
After testing 13 timing shifts, the strongest relationship was -0.809 (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
-0.185
9 periods · Return correlation when both series rose
Both Falling
+0.309
9 periods · Return correlation when both series fell
Diverging
-0.976
17 periods · Return correlation when series moved apart
R-Squared
65.5%
Share of variance in one series explained by the other.
Trend Agreement
63.3%
How often both series moved in the same direction period-to-period.
Overlap Quality
644
Robust shared window — 644 usable pairs.
Significance
p < 0.001
95% CI: [-0.834, -0.781]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
644 paired data points survived the daily window.
Raw input
644
1,254
Normalized
644
1,254
Prepared
644
1,254
Aligned
644
644
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
610
A: 0 / B: 610
Series A
Fiserv, Inc. Common Stock
FISV
Market cap 30B · 38,000 employees
Stock · 644 raw → 644 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
-2.9033
Linear regression slope.
Intercept
454.4495
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
Saved 6 hours ago · ID: stock-fisv-vs-stock-jpm-daily