Correlation Analysis
JPMorgan Chase & Co. vs Vulcan Materials Company(Holding Company)
JPM vs VMC
+0.915
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
Vulcan Materials Company(Holding Company)
↗VMC
Vulcan Materials is the United States' largest producer of construction aggregates (crushed stone, sand, and gravel). Its largest markets include Texas, California, Virginia, Tennessee, Georgia, Florida, North Carolina, and Alabama. In 2024, Vulcan sold 219.9 million tons of aggregates, 13.6 million tons of asphalt mix, and 3.6 million cubic yards of ready-mix. As of Dec. 31, 2024, the company had 16.5 billion tons of aggregate reserves.
Market cap 36.7B · 11,172 employees
Time Series
Relative Performance
Who Moves First
in sync
JPM and VMC tend to move at the same time.
After testing 13 timing shifts, the strongest relationship was +0.915 (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
+0.252
19 periods · Return correlation when both series rose
Both Falling
+0.323
10 periods · Return correlation when both series fell
Diverging
-0.882
6 periods · Return correlation when series moved apart
R-Squared
83.7%
Share of variance in one series explained by the other.
Trend Agreement
68.3%
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: [0.905, 0.923]
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
Vulcan Materials Company(Holding Company)
VMC
Market cap 36.7B · 11,172 employees
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
40
Estimated crossover points between normalized spreads.
Slope
0.6698
Linear regression slope.
Intercept
94.5605
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
VMC
Vulcan Materials Company(Holding Company)
Highest
+0.942
Nvidia Corp
NVDA · 1,254 data points
Lowest
+0.246
Johnson & Johnson
JNJ · 1,254 data points
Saved 7 hours ago · ID: stock-jpm-vs-stock-vmc-daily