Correlation Analysis
Bank of New York Mellon Corporation vs Johnson & Johnson
BK vs JNJ
+0.555
Moderate positive
When one moves up, the other tends to follow.
Bank of New York Mellon Corporation
↗BK
Bank of New York Mellon is a global investment company involved in managing and servicing financial assets throughout the investment lifecycle. The bank provides financial services for institutions, corporations, and individual investors, delivering investment management and services in 35 countries and more than 100 markets. BNY is the largest global custody bank in the world, with $59.3 trillion in under custody or administration (as of December 2025), and can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute, or restructure investments. BNY's asset-management division manages about $2.2 trillion in assets.
Market cap 85.1B · 48,100 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
BK leads JNJ by 6 days
BK tends to move before JNJ.
After testing 13 timing shifts, the strongest relationship was +0.561 (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
+0.498
12 periods · Return correlation when both series rose
Both Falling
-0.438
7 periods · Return correlation when both series fell
Diverging
-0.518
16 periods · Return correlation when series moved apart
R-Squared
30.8%
Share of variance in one series explained by the other.
Trend Agreement
56.4%
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: [0.515, 0.592]
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
Bank of New York Mellon Corporation
BK
Market cap 85.1B · 48,100 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
36
Estimated crossover points between normalized spreads.
Slope
0.4563
Linear regression slope.
Intercept
139.0859
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
BK
Bank of New York Mellon Corporation
Highest
+0.969
JPMorgan Chase & Co.
JPM · 1,254 data points
Lowest
+0.507
Exxon Mobil Corporation
XOM · 1,254 data points
Saved 7 hours ago · ID: stock-bk-vs-stock-jnj-daily