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Correlation Analysis

Apple Inc. vs Kenvue Inc.

AAPL vs KVUE

-0.484

Moderate inverse

When one moves up, the other tends to move down.

AAPL logo

Apple Inc.

AAPL

Apple is among the largest companies in the world, with a broad portfolio of hardware and software products targeted at consumers and businesses. Apple's iPhone makes up a majority of the firm sales, and Apple's other products like Mac, iPad, and Watch are designed around the iPhone as the focal point of an expansive software ecosystem. Apple has progressively worked to add new applications, like streaming video, subscription bundles, and augmented reality. The firm designs its own software and semiconductors while working with subcontractors like Foxconn and TSMC to build its products and chips. Slightly less than half of Apple's sales come directly through its flagship stores, with a majority of sales coming indirectly through partnerships and distribution.

Market cap 3.8T

KVUE logo

Kenvue Inc.

KVUE

Kenvue is the world's largest pure-play consumer health company by sales, generating over $15 billion in annual revenue. Formerly known as Johnson & Johnson's consumer segment, Kenvue spun off and went public in May 2023. It operates in a variety of categories within consumer health, such as cough, cold and allergy care, pain management, face and body care, and oral care, as well as women's health. Its portfolio has some of the most well-known brands in the space, including Tylenol, Listerine, Johnson's, Aveeno, and Neutrogena. Kenvue announced November 2025 that it signed a deal to be fully acquired by Kimberly-Clark with the deal expected to close during the second half of 2026.

Market cap 33.2B · 22,000 employees

May 4, 2023 — Apr 7, 2026Daily733 observationsStockStockTechnology

Time Series

Rebased to 100

Green: AAPLGray: KVUE36 of 733 points (sampled)

Who Moves First

KVUE leads AAPL by 6 days

KVUE tends to move before AAPL.

Best correlation after shifting: -0.496 (13 shifts scanned)

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

+0.076

11 periods · Return correlation when both series rose

Both Falling

-0.231

8 periods · Return correlation when both series fell

Diverging

-0.536

16 periods · Return correlation when series moved apart

R-Squared

23.4%

Share of variance in one series explained by the other.

Trend Agreement

52.5%

How often both series moved in the same direction period-to-period.

Overlap Quality

733

Robust shared window — 733 usable pairs.

Significance

p < 0.001

95% CI: [-0.537, -0.426]

Scatter

XY Regression

156.3160180200220240260280293.614.7916182022242627.8Apple Inc.Kenvue Inc.Data pointsFit (r = -0.484)

Pipeline

Data quality details

Pipeline Summary

733 paired observations survived the daily window.

Raw input

1,254

733

Normalized

1,254

733

Prepared

1,254

733

Aligned

733

733

Invalid removed

0

A: 0 / B: 0

Duplicates removed

0

A: 0 / B: 0

Alignment drops

521

A: 521 / B: 0

Series A

AAPL logo

Apple Inc.

AAPL

Market cap 3.8T

Stock · 1,254 raw → 1,254 prepared

Series B

KVUE logo

Kenvue Inc.

KVUE

Market cap 33.2B · 22,000 employees

Stock · 733 raw → 733 prepared

Sign agreement

100.0%

How often both values share the same sign.

Zero crossings

13

Estimated crossover points between normalized spreads.

Slope

-0.0402

Linear regression slope.

Intercept

29.4266

Linear regression intercept.

Related Extremes

Highest and Lowest Correlated

Saved 3 hours ago · ID: stock-aapl-vs-stock-kvue-daily-20260408-9lh7w3