Correlation Analysis
JPMorgan Chase & Co. vs Zoom Communications, Inc. Class A Common Stock
JPM vs ZM
-0.219
Light 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
Zoom Communications, Inc. Class A Common Stock
↗ZM
Zoom Communications provides a video-first communications platform that connects people through frictionless video, voice, chat, and content sharing. The company's cloud-native platform enables video experiences and connects users across various devices and locations in a single meeting. Zoom has launched a variety of communications-related solutions, including Zoom Phone and Zoom Contact Center. The firm was founded in 2011 and serves companies of all sizes from all industries around the world.
Market cap 24.4B · 7,438 employees
Time Series
Relative Performance
Who Moves First
ZM leads JPM by 6 days
ZM tends to move before JPM.
After testing 13 timing shifts, the strongest relationship was -0.223 (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
+0.209
13 periods · Return correlation when both series rose
Both Falling
-0.080
8 periods · Return correlation when both series fell
Diverging
-0.368
14 periods · Return correlation when series moved apart
R-Squared
4.8%
Share of variance in one series explained by the other.
Trend Agreement
59.8%
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: [-0.271, -0.165]
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
Zoom Communications, Inc. Class A Common Stock
ZM
Market cap 24.4B · 7,438 employees
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
17
Estimated crossover points between normalized spreads.
Slope
-0.2915
Linear regression slope.
Intercept
168.3239
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
ZM
Zoom Communications, Inc. Class A Common Stock
Highest
+0.034
Amazon.Com Inc
AMZN · 1,254 data points
Lowest
-0.804
Exxon Mobil Corporation
XOM · 1,254 data points
Saved 6 hours ago · ID: stock-jpm-vs-stock-zm-daily