Correlation Analysis
JPMorgan Chase & Co. vs Rocket Lab Corporation Common Stock
JPM vs RKLB
+0.850
Very 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
Rocket Lab Corporation Common Stock
↗RKLB
Rocket Lab Corp is engaged in space, building rockets, and spacecraft. It provides end-to-end mission services that provide frequent and reliable access to space for civil, defense, and commercial markets. It designs and manufactures the Electron and Neutron launch vehicles and Photon satellite platform. Rocket Lab's Electron launch vehicle has delivered multiple satellites to orbit for private and public sector organizations, enabling operations in national security, scientific research, space debris mitigation, Earth observation, climate monitoring, and communications. The business operates in two segments Launch Services and Space Systems. Geographically it serves Japan, and rest of the world and earns key revenue from the United States.
Market cap 38.5B · 2,600 employees
Time Series
Relative Performance
Who Moves First
JPM leads RKLB by 6 days
JPM tends to move before RKLB.
After testing 13 timing shifts, the strongest relationship was +0.858 (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
+0.160
19 periods · Return correlation when both series rose
Both Falling
+0.513
10 periods · Return correlation when both series fell
Diverging
-0.948
6 periods · Return correlation when series moved apart
R-Squared
72.3%
Share of variance in one series explained by the other.
Trend Agreement
60.9%
How often both series moved in the same direction period-to-period.
Overlap Quality
1,158
Deep shared window — 1,158 usable pairs.
Significance
p < 0.001
95% CI: [0.834, 0.866]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
1,158 paired data points survived the daily window.
Raw input
1,254
1,158
Normalized
1,254
1,158
Prepared
1,254
1,158
Aligned
1,158
1,158
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
96
A: 96 / B: 0
Series A
JPMorgan Chase & Co.
JPM
Market cap 792.5B
Stock · 1,254 raw → 1,254 prepared
Series B
Rocket Lab Corporation Common Stock
RKLB
Market cap 38.5B · 2,600 employees
Stock · 1,158 raw → 1,158 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
1
Estimated crossover points between normalized spreads.
Slope
0.2715
Linear regression slope.
Intercept
-34.9093
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
RKLB
Rocket Lab Corporation Common Stock
Highest
+0.907
Alphabet Inc. Class C Capital Stock
GOOG · 1,158 data points
Lowest
+0.451
Exxon Mobil Corporation
XOM · 1,158 data points
Saved 6 hours ago · ID: stock-jpm-vs-stock-rklb-daily