Correlation Analysis
JPMorgan Chase & Co. vs PayPal Holdings, Inc. Common Stock
JPM vs PYPL
-0.284
Light inverse
When one moves up, the other tends to move down.
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
PayPal Holdings, Inc. Common Stock
↗PYPL
PayPal was spun off from eBay in 2015 and provides electronic payment solutions to merchants and consumers, with a focus on online transactions. The company had 434 million active accounts at the end of 2024. The company also owns Venmo, a person-to-person payment platform.
Market cap 41.9B · 23,800 employees
Time Series
Relative Performance
Who Moves First
PYPL leads JPM by 2 days
PYPL tends to move before JPM.
After testing 13 timing shifts, the strongest relationship was -0.284 (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
+0.087
11 periods · Return correlation when both series rose
Both Falling
-0.248
10 periods · Return correlation when both series fell
Diverging
-0.507
14 periods · Return correlation when series moved apart
R-Squared
8.1%
Share of variance in one series explained by the other.
Trend Agreement
63.2%
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: [-0.334, -0.232]
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
PayPal Holdings, Inc. Common Stock
PYPL
Market cap 41.9B · 23,800 employees
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
-0.3081
Linear regression slope.
Intercept
159.6890
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
JPM
JPMorgan Chase & Co.
Highest
+0.977
Royal Caribbean Group
RCL · 1,254 data points
Lowest
-0.873
The Kraft Heinz Company Common Stock
KHC · 1,254 data points
PYPL
PayPal Holdings, Inc. Common Stock
Highest
-0.013
Amazon.Com Inc
AMZN · 1,254 data points
Lowest
-0.854
Exxon Mobil Corporation
XOM · 1,254 data points
Saved 6 hours ago · ID: stock-jpm-vs-stock-pypl-daily