Correlation Analysis
JPMorgan Chase & Co. vs Qnity Electronics, Inc.
JPM vs Q
-0.573
Moderate 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
Qnity Electronics, Inc.
↗Q
Qnity Electronics Inc is a specialty chemicals company created in 2025 after being spun off from DuPont. It sells chemicals and materials to the semiconductor industry, which generates the majority of sales, and also the electronics industry. The two segments are Semiconductor Technologies segment which provides a portfolio of materials and solutions utilized across multiple stages of the semiconductor manufacturing process. Interconnect Solutions segment offers a comprehensive range of material solutions that address the evolving complexities of signal integrity, thermal and power management and packaging. These solutions are integral for electronics hardware, including complex printed circuit boards and semiconductor packaging.
Market cap 24.9B
Time Series
Relative Performance
Who Moves First
Q leads JPM by 6 days
Q tends to move before JPM.
After testing 13 timing shifts, the strongest relationship was -0.723 (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
+0.311
14 periods · Return correlation when both series rose
Both Falling
+0.566
10 periods · Return correlation when both series fell
Diverging
-0.447
11 periods · Return correlation when series moved apart
R-Squared
32.8%
Share of variance in one series explained by the other.
Trend Agreement
65.7%
How often both series moved in the same direction period-to-period.
Overlap Quality
106
Usable shared window — 106 usable pairs.
Significance
p < 0.001
95% CI: [-0.688, -0.429]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
106 paired data points survived the daily window.
Raw input
1,254
106
Normalized
1,254
106
Prepared
1,254
106
Aligned
106
106
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
1,148
A: 1148 / B: 0
Series A
JPMorgan Chase & Co.
JPM
Market cap 792.5B
Stock · 1,254 raw → 1,254 prepared
Series B
Qnity Electronics, Inc.
Q
Market cap 24.9B
Stock · 106 raw → 106 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
7
Estimated crossover points between normalized spreads.
Slope
-0.6737
Linear regression slope.
Intercept
304.6235
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
Saved 7 hours ago · ID: stock-jpm-vs-stock-q-daily