Correlation Analysis
Liberty Media Corporation Series C Liberty Formula One Common Stock vs JPMorgan Chase & Co.
FWONK vs JPM
+0.836
Strong positive
When one moves up, the other tends to follow.
Liberty Media Corporation Series C Liberty Formula One Common Stock
↗FWONK
Liberty Media Corp along with its subsidiaries is engaged in the media and entertainment industries in North America and the United Kingdom. The company owns interests in a high-quality portfolio of assets across the media, entertainment and sports industries. It operates in two reportable segment Formula 1 and MotoGP. It generates majority of its revenue from the Formula 1 segment. The company derives its maximum revenue from United Kingdom.
Market cap 21.6B · 1,674 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
FWONK and JPM tend to move at the same time.
After testing 13 timing shifts, the strongest relationship was +0.836 (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
+0.479
15 periods · Return correlation when both series rose
Both Falling
+0.894
5 periods · Return correlation when both series fell
Diverging
-0.655
15 periods · Return correlation when series moved apart
R-Squared
70.0%
Share of variance in one series explained by the other.
Trend Agreement
59.9%
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: [0.819, 0.852]
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
Liberty Media Corporation Series C Liberty Formula One Common Stock
FWONK
Market cap 21.6B · 1,674 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
13
Estimated crossover points between normalized spreads.
Slope
3.3291
Linear regression slope.
Intercept
-51.1202
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
FWONK
Liberty Media Corporation Series C Liberty Formula One Common Stock
Highest
+0.875
Mastercard Incorporated
MA · 1,254 data points
Lowest
+0.184
Johnson & Johnson
JNJ · 1,254 data points
Saved 6 hours ago · ID: stock-fwonk-vs-stock-jpm-daily