Correlation Analysis
Huntington Bancshares Inc vs JPMorgan Chase & Co.
HBAN vs JPM
+0.652
Strong positive
When one moves up, the other tends to follow.
Huntington Bancshares Inc
↗HBAN
Huntington is a regional US bank with over $275 billion in assets. It offers a full suite of consumer deposit and lending services, along with commercial services focused on payments, investment management, capital markets, equipment financing, treasury management, and other common banking services.
Market cap 32.5B · 20,424 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
HBAN and JPM tend to move at the same time.
After testing 13 timing shifts, the strongest relationship was +0.652 (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
+0.513
18 periods · Return correlation when both series rose
Both Falling
+0.627
11 periods · Return correlation when both series fell
Diverging
-0.543
6 periods · Return correlation when series moved apart
R-Squared
42.6%
Share of variance in one series explained by the other.
Trend Agreement
76.1%
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: [0.619, 0.683]
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
Huntington Bancshares Inc
HBAN
Market cap 32.5B · 20,424 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
5
Estimated crossover points between normalized spreads.
Slope
19.7052
Linear regression slope.
Intercept
-93.1265
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
HBAN
Huntington Bancshares Inc
Highest
+0.618
NetFlix Inc
NFLX · 1,254 data points
Lowest
+0.028
Exxon Mobil Corporation
XOM · 1,254 data points
Saved 4 hours ago · ID: stock-hban-vs-stock-jpm-daily