Correlation Analysis
JPMorgan Chase & Co. vs Symbotic Inc. Class A Common Stock
JPM vs SYM
+0.633
Moderate 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
Symbotic Inc. Class A Common Stock
↗SYM
Symbotic Inc. is an automation technology company that develops solutions to improve operating efficiencies in modern warehouses. The group designs, commercializes, and deploys end-to-end technology systems that significantly enhance supply chain operations. The company automates the processing of pallets, cases, and individual items within warehouse environments. Its systems strengthen operations at the front end of the supply chain and provide benefits to all supply partners downstream. The company operates in two geographical regions: the United States and international markets, with the majority of its revenue generated in the United States.
Market cap 6.7B · 2,000 employees
Time Series
Relative Performance
Who Moves First
in sync
JPM and SYM tend to move at the same time.
After testing 13 timing shifts, the strongest relationship was +0.633 (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
+0.216
10 periods · Return correlation when both series rose
Both Falling
-0.156
7 periods · Return correlation when both series fell
Diverging
-0.410
18 periods · Return correlation when series moved apart
R-Squared
40.0%
Share of variance in one series explained by the other.
Trend Agreement
57.3%
How often both series moved in the same direction period-to-period.
Overlap Quality
960
Deep shared window — 960 usable pairs.
Significance
p < 0.001
95% CI: [0.593, 0.669]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
960 paired data points survived the daily window.
Raw input
1,254
960
Normalized
1,254
960
Prepared
1,254
960
Aligned
960
960
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
294
A: 294 / B: 0
Series A
JPMorgan Chase & Co.
JPM
Market cap 792.5B
Stock · 1,254 raw → 1,254 prepared
Series B
Symbotic Inc. Class A Common Stock
SYM
Market cap 6.7B · 2,000 employees
Stock · 960 raw → 960 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
3
Estimated crossover points between normalized spreads.
Slope
0.1544
Linear regression slope.
Intercept
3.5177
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
SYM
Symbotic Inc. Class A Common Stock
Highest
+0.736
Alphabet Inc. Class C Capital Stock
GOOG · 960 data points
Lowest
+0.413
Exxon Mobil Corporation
XOM · 960 data points
Saved 7 hours ago · ID: stock-jpm-vs-stock-sym-daily