Correlation Analysis
Astera Labs, Inc. Common Stock vs Johnson & Johnson
ALAB vs JNJ
+0.517
Moderate positive
When one moves up, the other tends to follow.
Astera Labs, Inc. Common Stock
↗ALAB
Astera Labs Inc designs and delivers semiconductor-based connectivity solutions for cloud and AI infrastructure. Its Intelligent Connectivity Platform integrates semiconductor technology, microcontrollers, sensors, and software to enhance performance, scalability, and data management. The company offers products such as integrated circuits (ICs), boards, and modules, catering to hyperscalers and system OEMs. The company's solutions focus on data, network, and memory management in AI-driven platforms. Geographically, the company operates in Singapore, China, Taiwan, and United States, of which maximum revenue is derived from United States.
Market cap 20.1B · 756 employees
Johnson & Johnson
↗JNJ
Johnson & Johnson is the world's largest and most diverse healthcare firm. It has two divisions: innovative medicine and medtech. These now represent all of the company's sales following the divestment of the consumer business, Kenvue, in 2023. After restructurings in 2023-24, the drug division focuses on three main therapeutic areas: immunology, oncology, and neurology. Geographically, just over half of total revenue is generated in the United States.
Market cap 580.4B
Time Series
Relative Performance
Who Moves First
ALAB leads JNJ by 6 days
ALAB tends to move before JNJ.
After testing 13 timing shifts, the strongest relationship was +0.558 (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
+0.402
7 periods · Return correlation when both series rose
Both Falling
+0.391
7 periods · Return correlation when both series fell
Diverging
-0.770
21 periods · Return correlation when series moved apart
R-Squared
26.7%
Share of variance in one series explained by the other.
Trend Agreement
43.5%
How often both series moved in the same direction period-to-period.
Overlap Quality
513
Robust shared window — 513 usable pairs.
Significance
p < 0.001
95% CI: [0.451, 0.578]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
513 paired data points survived the daily window.
Raw input
513
1,254
Normalized
513
1,254
Prepared
513
1,254
Aligned
513
513
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
741
A: 0 / B: 741
Series A
Astera Labs, Inc. Common Stock
ALAB
Market cap 20.1B · 756 employees
Stock · 513 raw → 513 prepared
Series B
Johnson & Johnson
JNJ
Market cap 580.4B
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
28
Estimated crossover points between normalized spreads.
Slope
0.2989
Linear regression slope.
Intercept
140.2249
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
Saved 6 hours ago · ID: stock-alab-vs-stock-jnj-daily