Correlation Analysis
JPMorgan Chase & Co. vs PAYEMS
JPM vs PAYEMS
+0.596
Moderate positive
When one moves up, the other tends to follow.
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
PAYEMS
PAYEMS
Who Moves First
PAYEMS leads JPM by 6 months
PAYEMS tends to move before JPM.
Best correlation after shifting: +0.715 (13 shifts scanned)
Stability
Rolling Correlation
How the correlation evolves over time. A stable line means the relationship is reliable; large swings signal regime-dependent behavior.
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
-0.295
18 periods · Return correlation when both series rose
Both Falling
N/A
0 periods · Return correlation when both series fell
Diverging
-0.280
17 periods · Return correlation when series moved apart
R-Squared
35.6%
Share of variance in one series explained by the other.
Trend Agreement
52.5%
How often both series moved in the same direction period-to-period.
Overlap Quality
60
Thin shared window — 60 usable pairs.
Significance
p < 0.001
95% CI: [0.404, 0.738]
Time Series
Rebased to 100
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
60 paired observations survived the monthly window.
Raw input
1,254
1,047
Normalized
1,254
1,047
Prepared
61
1,047
Aligned
60
60
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
988
A: 1 / B: 987
Series A
JPMorgan Chase & Co.
JPM
Market cap 792.5B
Stock · 1,254 raw → 61 prepared
Series B
PAYEMS
FRED · 1,047 raw → 1,047 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
1
Estimated crossover points between normalized spreads.
Slope
37.9486
Linear regression slope.
Intercept
147695.8432
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
Saved 4 hours ago · ID: stock-jpm-vs-fred-payems-monthly-20260408-q1vlw8