Correlation Analysis
JPMorgan Chase & Co. vs UNRATE
JPM vs UNRATE
+0.295
Light 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
UNRATE
UNRATE
Time Series
Relative Performance
Who Moves First
JPM leads UNRATE by 6 months
JPM tends to move before UNRATE.
After testing 13 timing shifts, the strongest relationship was +0.813 (they moved in the same direction).
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
+0.165
10 periods · Return correlation when both series rose
Both Falling
+0.018
8 periods · Return correlation when both series fell
Diverging
-0.238
17 periods · Return correlation when series moved apart
R-Squared
8.7%
Share of variance in one series explained by the other.
Trend Agreement
59.1%
How often both series moved in the same direction period-to-period.
Overlap Quality
59
Thin shared window — 59 usable pairs.
Significance
p < 0.05
95% CI: [0.043, 0.513]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
59 paired data points survived the monthly window.
Raw input
1,254
938
Normalized
1,254
938
Prepared
61
938
Aligned
59
59
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
881
A: 2 / B: 879
Series A
JPMorgan Chase & Co.
JPM
Market cap 792.5B
Stock · 1,254 raw → 61 prepared
Series B
UNRATE
FRED · 938 raw → 938 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
1
Estimated crossover points between normalized spreads.
Slope
0.0028
Linear regression slope.
Intercept
3.5551
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
Saved 6 hours ago · ID: stock-jpm-vs-fred-unrate-monthly-20260408-jkzxsu