Correlation Analysis
JPMorgan Chase & Co. vs United Parcel Service, Inc. Class B
JPM vs UPS
-0.862
Very strong 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
United Parcel Service, Inc. Class B
↗UPS
As the world's largest parcel delivery company, UPS manages a massive fleet of more than 500 planes and 100,000 vehicles, along with many hundreds of sorting facilities, to deliver an average of about 22 million packages per day to residences and businesses across the globe. UPS' domestic US package operations generate around 65% of total revenue, while international package makes up 20%. Air and ocean freight forwarding and contract logistics make up the remainder.
Market cap 82.6B · 460,000 employees
Time Series
Relative Performance
Who Moves First
UPS leads JPM by 6 days
UPS tends to move before JPM.
After testing 13 timing shifts, the strongest relationship was -0.870 (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
-0.058
13 periods · Return correlation when both series rose
Both Falling
+0.020
8 periods · Return correlation when both series fell
Diverging
-0.275
14 periods · Return correlation when series moved apart
R-Squared
74.3%
Share of variance in one series explained by the other.
Trend Agreement
63.6%
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: [-0.876, -0.847]
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
United Parcel Service, Inc. Class B
UPS
Market cap 82.6B · 460,000 employees
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
7
Estimated crossover points between normalized spreads.
Slope
-0.5390
Linear regression slope.
Intercept
258.1472
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
UPS
United Parcel Service, Inc. Class B
Highest
-0.213
Johnson & Johnson
JNJ · 1,254 data points
Lowest
-0.939
Meta Platforms, Inc. Class A Common Stock
META · 1,107 data points
Saved 5 hours ago · ID: stock-jpm-vs-stock-ups-daily