Correlation Analysis
Invitation Homes Inc. Common Stock vs JPMorgan Chase & Co.
INVH vs JPM
-0.574
Moderate inverse
When one moves up, the other tends to move down.
Invitation Homes Inc. Common Stock
↗INVH
Invitation Homes owns a portfolio of over 86,000 single-family rental homes. The company focuses on owning homes in the starter and move-up segments of the housing market with an average sale price around $350,000 and generally less than 1,800 square feet. The portfolio is spread across 17 target markets that feature high employment and household formation growth with over 70% of the portfolio in the Western US and Florida; 15 of the 17 markets featuring average rents lower than homeownership costs.
Market cap 15.3B · 1,725 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
JPM leads INVH by 6 days
JPM tends to move before INVH.
After testing 13 timing shifts, the strongest relationship was -0.577 (they moved in opposite directions).
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
-0.361
12 periods · Return correlation when both series rose
Both Falling
-0.651
9 periods · Return correlation when both series fell
Diverging
-0.428
14 periods · Return correlation when series moved apart
R-Squared
32.9%
Share of variance in one series explained by the other.
Trend Agreement
59.6%
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: [-0.610, -0.536]
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
Invitation Homes Inc. Common Stock
INVH
Market cap 15.3B · 1,725 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
7
Estimated crossover points between normalized spreads.
Slope
-8.7980
Linear regression slope.
Intercept
491.9754
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
INVH
Invitation Homes Inc. Common Stock
Highest
-0.226
Tesla, Inc. Common Stock
TSLA · 1,254 data points
Lowest
-0.771
Exxon Mobil Corporation
XOM · 1,254 data points
Saved 9 hours ago · ID: stock-invh-vs-stock-jpm-daily