Correlation Analysis
The Hartford Insurance Group, Inc. vs JPMorgan Chase & Co.
HIG vs JPM
+0.955
Very strong positive
When one moves up, the other tends to follow.
The Hartford Insurance Group, Inc.
↗HIG
The Hartford Insurance Group Inc. provides property and casualty insurance, group benefits, and mutual funds. The company is widely recognized for its service excellence, sustainability practices, trust, and integrity. The Company currently conducts business principally in five reportable segments, including Business Insurance, Personal Insurance, Property & Casualty Other Operations, Employee Benefits, and Hartford Funds, as well as a Corporate category. The company generates a majority of its revenue from Business Insurance.
Market cap 37.6B · 19,200 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
HIG and JPM tend to move at the same time.
After testing 13 timing shifts, the strongest relationship was +0.955 (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
+0.291
16 periods · Return correlation when both series rose
Both Falling
+0.582
7 periods · Return correlation when both series fell
Diverging
-0.640
12 periods · Return correlation when series moved apart
R-Squared
91.1%
Share of variance in one series explained by the other.
Trend Agreement
70.4%
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: [0.949, 0.959]
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
The Hartford Insurance Group, Inc.
HIG
Market cap 37.6B · 19,200 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
17
Estimated crossover points between normalized spreads.
Slope
2.3452
Linear regression slope.
Intercept
-23.7224
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
HIG
The Hartford Insurance Group, Inc.
Highest
+0.958
Walmart Inc. Common Stock
WMT · 1,254 data points
Lowest
+0.349
Johnson & Johnson
JNJ · 1,254 data points
Saved 6 hours ago · ID: stock-hig-vs-stock-jpm-daily