Correlation Analysis
JPMorgan Chase & Co. vs UNITEDHEALTH GROUP INCORPORATED (Delaware)
JPM vs UNH
-0.594
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
UNITEDHEALTH GROUP INCORPORATED (Delaware)
↗UNH
UnitedHealth Group is one of the largest private health insurers and provides medical benefits to about 51 million members globally, including 1 million outside the US as of December 2025. As a leader in employer-sponsored, self-directed, and government-backed insurance plans, UnitedHealth has obtained massive scale in medical insurance. Along with its insurance assets, UnitedHealth's Optum franchises help create a healthcare services colossus that spans everything from pharmaceutical benefits to providing outpatient care and analytics to affiliates and third parties.
Market cap 255.4B
Time Series
Relative Performance
Who Moves First
JPM leads UNH by 6 days
JPM tends to move before UNH.
After testing 13 timing shifts, the strongest relationship was -0.605 (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
+0.139
11 periods · Return correlation when both series rose
Both Falling
-0.676
5 periods · Return correlation when both series fell
Diverging
-0.833
19 periods · Return correlation when series moved apart
R-Squared
35.2%
Share of variance in one series explained by the other.
Trend Agreement
58.1%
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: [-0.628, -0.557]
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
UNITEDHEALTH GROUP INCORPORATED (Delaware)
UNH
Market cap 255.4B
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
18
Estimated crossover points between normalized spreads.
Slope
-0.8054
Linear regression slope.
Intercept
616.8410
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
UNH
UNITEDHEALTH GROUP INCORPORATED (Delaware)
Highest
-0.079
Exxon Mobil Corporation
XOM · 1,254 data points
Lowest
-0.611
Micron Technology, Inc.
MU · 1,254 data points
Saved 7 hours ago · ID: stock-jpm-vs-stock-unh-daily