Correlation Analysis
Constellation Energy Corporation Common Stock vs Johnson & Johnson
CEG vs JNJ
+0.306
Light positive
When one moves up, the other tends to follow.
Constellation Energy Corporation Common Stock
↗CEG
Constellation Energy Corp producer of carbon-free energy and a supplier of energy products and services. The company offers generating capacity that includes nuclear, wind, solar, natural gas, and hydroelectric assets. It sells electricity, natural gas, and other energy-related products and sustainable solutions to various types of customers, including distribution utilities, municipalities, cooperatives, and commercial, industrial, public sector, and residential customers in markets across multiple geographic regions. Its operating segments and reporting units are Mid-Atlantic, Midwest, New York, ERCOT, and Other Power Regions.
Market cap 99.7B · 15,339 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
CEG leads JNJ by 6 days
CEG tends to move before JNJ.
After testing 13 timing shifts, the strongest relationship was +0.327 (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
+0.323
12 periods · Return correlation when both series rose
Both Falling
-0.371
7 periods · Return correlation when both series fell
Diverging
-0.599
16 periods · Return correlation when series moved apart
R-Squared
9.4%
Share of variance in one series explained by the other.
Trend Agreement
48.9%
How often both series moved in the same direction period-to-period.
Overlap Quality
1,047
Deep shared window — 1,047 usable pairs.
Significance
p < 0.001
95% CI: [0.250, 0.360]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
1,047 paired data points survived the daily window.
Raw input
1,047
1,254
Normalized
1,047
1,254
Prepared
1,047
1,254
Aligned
1,047
1,047
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
207
A: 0 / B: 207
Series A
Constellation Energy Corporation Common Stock
CEG
Market cap 99.7B · 15,339 employees
Stock · 1,047 raw → 1,047 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
11
Estimated crossover points between normalized spreads.
Slope
0.0637
Linear regression slope.
Intercept
157.4576
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
CEG
Constellation Energy Corporation Common Stock
Highest
+0.968
JPMorgan Chase & Co.
JPM · 1,047 data points
Lowest
+0.581
Exxon Mobil Corporation
XOM · 1,047 data points
Saved 5 hours ago · ID: stock-ceg-vs-stock-jnj-daily