Correlation Analysis
JPMorgan Chase & Co. vs Toast, Inc.
JPM vs TOST
+0.671
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
Toast, Inc.
↗TOST
Toast Inc is a cloud-based, all-in-one digital technology platform purpose-built for the restaurant community. The company provides a comprehensive platform of software-as-a-service (SaaS) products and financial technology solutions, including integrated payment processing, restaurant-grade hardware, and a broad ecosystem of third-party partners. It serves as a restaurant operating system, connecting front of house and back of house operations across service models such as dine-in, takeout, and delivery. It operates through one reportable segment consisting of its SaaS products, financial technology solutions, integrated payments, hardware, and partner ecosystem.
Market cap 15.9B · 6,500 employees
Time Series
Relative Performance
Who Moves First
JPM leads TOST by 6 days
JPM tends to move before TOST.
After testing 13 timing shifts, the strongest relationship was +0.684 (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
+0.286
15 periods · Return correlation when both series rose
Both Falling
+0.015
11 periods · Return correlation when both series fell
Diverging
-0.864
9 periods · Return correlation when series moved apart
R-Squared
45.1%
Share of variance in one series explained by the other.
Trend Agreement
61.6%
How often both series moved in the same direction period-to-period.
Overlap Quality
1,139
Deep shared window — 1,139 usable pairs.
Significance
p < 0.001
95% CI: [0.638, 0.702]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
1,139 paired data points survived the daily window.
Raw input
1,254
1,139
Normalized
1,254
1,139
Prepared
1,254
1,139
Aligned
1,139
1,139
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
115
A: 115 / B: 0
Series A
JPMorgan Chase & Co.
JPM
Market cap 792.5B
Stock · 1,254 raw → 1,254 prepared
Series B
Toast, Inc.
TOST
Market cap 15.9B · 6,500 employees
Stock · 1,139 raw → 1,139 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
3
Estimated crossover points between normalized spreads.
Slope
0.1068
Linear regression slope.
Intercept
6.7203
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
Saved 7 hours ago · ID: stock-jpm-vs-stock-tost-daily