SeriesMag|r|OverlapThrough
Correlation Analysis
JPM vs WMT
These move together about 58% of the time
Very strong positive
Strong enough to use as a signal — read the stability and regime notes below before relying on it.
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
Since its founding in 1962, Walmart has become the world's largest retailer, operating over 10,700 stores globally (including 4,600 namesake locations on its home turf and another 600 Sam's Club outlets) and growing its e-commerce presence, attracting 270 million customers weekly. In aggregate, the firm posted more than $680 billion in fiscal 2025 sales. Its core operations span three reporting segments: Walmart US (68% of fiscal 2025 sales), Walmart International (18%), and Sam's Club (14%). Within the US, nearly 60% of its $465 billion in fiscal 2025 revenue came from its grocery offerings, with another quarter from general merchandise. Internationally, Walmart's operations are concentrated in Mexico, though it also has budding exposure to India.
Market cap 1T
What to Watch
JPM moves ~6 days before WMT
Watch JPM for an early read on WMT.
Holds across regimes
Correlation is similar when markets rise (+0.59) and fall (+0.75) — reliable in both directions.
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
+6 days
Correlation at this shift
+0.962
+0.00 stronger than no-shift baseline
Walmart Inc. Common Stock shifted 6 days earlier. Reads: "Does JPMorgan Chase & Co. today line up with Walmart Inc. Common Stock 6 days from now?"
1,248 overlapping points at this shift
Time series with Walmart Inc. Common Stock shifted 6 days earlier
Indexed to 100 at start
Deep Dive
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
+0.586
20 periods · Return correlation when both series rose
Both Falling
+0.747
7 periods · Return correlation when both series fell
Diverging
-0.590
8 periods · Return correlation when series moved apart
Scatter
r
+0.962
Pearson correlation
95% CI
0.96 → 0.97
Likely range
R²
92.5%
Variance explained
Trend agreement
57.6%
Same-direction moves
Significance
p < 0.001
Statistical confidence
Data points
1,254
Deep
Pipeline
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
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.
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
Walmart Inc. Common Stock
WMT
Market cap 1T
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
0.3767
Linear regression slope.
Intercept
-5.1647
Linear regression intercept.
Saved 3 weeks ago · ID: stock-jpm-vs-stock-wmt-daily