Correlation Analysis
JPMorgan Chase & Co. vs The Travelers Companies, Inc.
JPM vs TRV
+0.930
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
The Travelers Companies, Inc.
↗TRV
Travelers offers a broad product range and participates in both commercial and personal insurance lines. Its commercial operations offer a variety of coverage types for companies of any size but concentrate on serving midsize businesses. Its personal lines are roughly evenly split between auto and homeowners insurance.
Market cap 63.9B · 34,000 employees
Time Series
Relative Performance
Who Moves First
in sync
JPM and TRV tend to move at the same time.
After testing 13 timing shifts, the strongest relationship was +0.930 (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
+0.257
18 periods · Return correlation when both series rose
Both Falling
-0.400
8 periods · Return correlation when both series fell
Diverging
-0.631
9 periods · Return correlation when series moved apart
R-Squared
86.5%
Share of variance in one series explained by the other.
Trend Agreement
65.5%
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: [0.922, 0.937]
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
The Travelers Companies, Inc.
TRV
Market cap 63.9B · 34,000 employees
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
38
Estimated crossover points between normalized spreads.
Slope
0.6827
Linear regression slope.
Intercept
75.4005
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
TRV
The Travelers Companies, Inc.
Highest
+0.954
Walmart Inc. Common Stock
WMT · 1,254 data points
Lowest
+0.403
Johnson & Johnson
JNJ · 1,254 data points
Saved 6 hours ago · ID: stock-jpm-vs-stock-trv-daily