SeriesMagCorrOverlapThrough
These move opposite each other about 62% of the time
Light inverse
Weak relationship — not much actionable signal here beyond directional colour.
JPMorgan is a leading global financial services firm with operations in 66 countries and over 318,000 employees as of year-end 2025. Under the JPMorgan brands, the bank holding company boasts a $4.9 trillion balance sheet and $2.68 trillion in deposits, as of March 2026. The firm generates its revenue across three core operating segments: consumer and community banking, the commercial and investment bank, and asset and wealth management. It maintains the top global ranking in investment banking fees with an 8.4% market share, serves millions of consumers through its network of over 5,000 US branches, and manages over $7.1 trillion in client assets within its wealth and asset management franc
Market cap 835B · 318,512 employees
SNDL Inc is a private-sector liquor and cannabis retailer in Canada with retail banners that include Ace Liquor, Wine and Beyond, Liquor Depot, Value Buds, and Spiritleaf. The principal activities of the company are the retailing of wines, beers, and spirits. It comprised four reportable segments: liquor retail, cannabis retail, cannabis operations, and investments. Liquor retail includes the sale of wines, beers, and spirits through owned liquor stores. The company generates maximum revenue from liquor retail.
What to Watch
Drifting from pattern
Recent correlation (+43%) is running 1.6σ away from the long-run average of -34%.
Holds across regimes
Correlation is similar when markets rise (-18%) and fall (-3%) — reliable in both directions.
Regime-dependent
The correlation has flipped sign across time windows — not reliable as a standalone signal.
Time Series
Time-Shifted Correlation
See how correlation changes when one series is offset in time. A taller bar at a non-zero shift means the two move together better when one leads the other — that's a potential lead/lag signal.
Correlation by shift
Click a bar to inspect. Range: -6 to 6 days.
Selected shift
No shift
Correlation at this shift
-34%
No shift — both series at their actual dates.
1,255 overlapping points at this shift
Time series with Sundial Growers Inc. Common Shares at original dates
Indexed to 100 at start
Deep Dive
Stability
How the correlation evolves over time. A stable line means the relationship is reliable; large swings signal regime-dependent behavior.
Corr
-34%
Pearson correlation
95% CI
-39% → -29%
Likely range
R²
11.7%
Variance explained
Trend agreement
61.9%
Same-direction moves
Significance
p < 0.001
Statistical confidence
Data points
1,255
Deep
Pipeline
Pipeline Summary
1,255 paired data points survived the daily window.
Raw input
1,255
1,255
Normalized
1,255
1,255
Prepared
1,255
1,255
Aligned
1,255
1,255
Invalid removed
Explore
The strongest positive and inverse pairs we’ve saved for each side of this comparison — good jumping-off points if this result raised a question.
Market cap 367M · 2,604 employees
Do They Crash Together?
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
-18%
71 periods · Return correlation when both series rose
Both Falling
-3%
83 periods · Return correlation when both series fell
Diverging
-24%
95 periods · Return correlation when series moved apart
Scatter
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 835B · 318,512 employees
Stock · 1,255 raw → 1,255 prepared
Series B
Sundial Growers Inc. Common Shares
SNDL
Market cap 367M · 2,604 employees
Stock · 1,255 raw → 1,255 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
7
Estimated crossover points between normalized spreads.
Slope
-0.0116
Linear regression slope.
Intercept
5.1961
Linear regression intercept.
Saved 2 hours ago · ID: stock-jpm_stock-sndl_5y
SNDL
Sundial Growers Inc. Common Shares
Strongest positive