Correlation Analysis
JPMorgan Chase & Co. vs L3Harris Technologies, Inc.
JPM vs LHX
+0.666
Strong 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
L3Harris Technologies, Inc.
↗LHX
In addition to its legacy software-defined radio franchise, L3Harris Technologies has through a series of acquisitions established franchises producing uncrewed aerial vehicles, sensors, avionics, space-based systems, missiles, and solid rocket motors. It also adapts civilian aircraft for military use and provides military and commercial training services, and maintains the US Federal Aviation Administration's communications infrastructure.
Market cap 67B · 45,000 employees
Time Series
Relative Performance
Who Moves First
JPM leads LHX by 6 days
JPM tends to move before LHX.
After testing 13 timing shifts, the strongest relationship was +0.674 (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
+0.742
16 periods · Return correlation when both series rose
Both Falling
-0.339
5 periods · Return correlation when both series fell
Diverging
-0.441
14 periods · Return correlation when series moved apart
R-Squared
44.4%
Share of variance in one series explained by the other.
Trend Agreement
60.8%
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: [0.634, 0.696]
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
JPMorgan Chase & Co.
JPM
Market cap 792.5B
Stock · 1,254 raw → 1,254 prepared
Series B
L3Harris Technologies, Inc.
LHX
Market cap 67B · 45,000 employees
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
24
Estimated crossover points between normalized spreads.
Slope
0.4103
Linear regression slope.
Intercept
152.7196
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
Saved 9 hours ago · ID: stock-jpm-vs-stock-lhx-daily