Correlation Analysis
GE HealthCare Technologies Inc. Common Stock vs JPMorgan Chase & Co.
GEHC vs JPM
+0.169
Weak positive
When one moves up, the other tends to follow.
GE HealthCare Technologies Inc. Common Stock
↗GEHC
GE HealthCare Technologies is a leading medical technology firm with leading market share in imaging and ultrasound equipment. The company reports four major segments: imaging (45% of revenue), advanced visualization solutions (26%), patient care solutions (15%), and pharmaceutical diagnostics (14%). The company's sales are geographically diverse, with the United States, EMEA, China, and the rest of the world accounting for 46%, 26%, 11%, and 17% respectively. We estimate approximately half of its revenue is recurring, which consists of servicing (about one third of revenue), pharmaceutical diagnostics (about 10%-15%), and digital solutions (just over 5%).
Market cap 32.1B · 54,000 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
GEHC and JPM tend to move at the same time.
After testing 13 timing shifts, the strongest relationship was +0.169 (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
+0.219
12 periods · Return correlation when both series rose
Both Falling
+0.215
9 periods · Return correlation when both series fell
Diverging
-0.639
14 periods · Return correlation when series moved apart
R-Squared
2.8%
Share of variance in one series explained by the other.
Trend Agreement
61.5%
How often both series moved in the same direction period-to-period.
Overlap Quality
816
Deep shared window — 816 usable pairs.
Significance
p < 0.001
95% CI: [0.101, 0.235]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
816 paired data points survived the daily window.
Raw input
816
1,254
Normalized
816
1,254
Prepared
816
1,254
Aligned
816
816
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
438
A: 0 / B: 438
Series A
GE HealthCare Technologies Inc. Common Stock
GEHC
Market cap 32.1B · 54,000 employees
Stock · 816 raw → 816 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
5
Estimated crossover points between normalized spreads.
Slope
1.4446
Linear regression slope.
Intercept
104.5134
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
GEHC
GE HealthCare Technologies Inc. Common Stock
Highest
+0.376
Eli Lilly & Co.
LLY · 816 data points
Lowest
-0.023
Johnson & Johnson
JNJ · 816 data points
Saved 7 hours ago · ID: stock-gehc-vs-stock-jpm-daily