Correlation Analysis
International Business Machines Corporation vs JPMorgan Chase & Co.
IBM vs JPM
+0.956
Very strong positive
When one moves up, the other tends to follow.
International Business Machines Corporation
↗IBM
Incorporated in 1911, International Business Machines, or IBM, is one of the oldest technology companies in the world. It provides software, IT consulting services, and hardware to help business customers modernize their technology workflows. IBM operates in 175 countries and employs approximately 300,000 people. The company has a robust roster of business partners to service its clients, which includes 95% of all Fortune 500 companies. IBMs products, including Red Hat, watsonx, and mainframes, handle some of the worlds most important data workloads in areas like finance and retail.
Market cap 231.5B
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
IBM and JPM tend to move at the same time.
After testing 13 timing shifts, the strongest relationship was +0.956 (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
+0.433
16 periods · Return correlation when both series rose
Both Falling
+0.439
8 periods · Return correlation when both series fell
Diverging
-0.692
11 periods · Return correlation when series moved apart
R-Squared
91.4%
Share of variance in one series explained by the other.
Trend Agreement
64.3%
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: [0.951, 0.960]
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
International Business Machines Corporation
IBM
Market cap 231.5B
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
56
Estimated crossover points between normalized spreads.
Slope
1.0404
Linear regression slope.
Intercept
3.4137
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
IBM
International Business Machines Corporation
Highest
+0.947
Walmart Inc. Common Stock
WMT · 1,254 data points
Lowest
+0.356
Johnson & Johnson
JNJ · 1,254 data points
Saved 4 hours ago · ID: stock-ibm-vs-stock-jpm-daily