Correlation Analysis
AST SpaceMobile, Inc. Class A Common Stock vs Johnson & Johnson
ASTS vs JNJ
+0.736
Strong positive
When one moves up, the other tends to follow.
AST SpaceMobile, Inc. Class A Common Stock
↗ASTS
AST SpaceMobile Inc is currently designing, developing and manufacturing the constellation of BlueBird (BB) satellites and has begun launching its planned space-based Cellular Broadband network distributed through a constellation of low Earth orbit (LEO) satellites. The company is building a cellular broadband network in space to operate directly with standard, unmodified mobile devices, and off-the-shelf mobile phones based on extensive IP and patent portfolio. It has focused on eliminating the connectivity gaps faced by mobile subscribers. The Company's spaceMobile Service is being designed to provide cost-effective, high-speed Cellular Broadband services to end-users who are out of terrestrial cellular coverage using existing mobile devices.
Market cap 27.7B · 1,126 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
ASTS leads JNJ by 6 days
ASTS tends to move before JNJ.
After testing 13 timing shifts, the strongest relationship was +0.752 (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
-0.055
9 periods · Return correlation when both series rose
Both Falling
-0.083
9 periods · Return correlation when both series fell
Diverging
-0.572
17 periods · Return correlation when series moved apart
R-Squared
54.1%
Share of variance in one series explained by the other.
Trend Agreement
50.3%
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: [0.709, 0.760]
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
AST SpaceMobile, Inc. Class A Common Stock
ASTS
Market cap 27.7B · 1,126 employees
Stock · 1,254 raw → 1,254 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
33
Estimated crossover points between normalized spreads.
Slope
0.5820
Linear regression slope.
Intercept
156.6076
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
ASTS
AST SpaceMobile, Inc. Class A Common Stock
Highest
+0.890
Micron Technology, Inc.
MU · 1,254 data points
Lowest
+0.515
Exxon Mobil Corporation
XOM · 1,254 data points
Saved 6 hours ago · ID: stock-asts-vs-stock-jnj-daily