Correlation Analysis
Citizens Financial Group, Inc. vs Johnson & Johnson
CFG vs JNJ
+0.644
Moderate positive
When one moves up, the other tends to follow.
Citizens Financial Group, Inc.
↗CFG
Citizens Financial Group Inc is a bank holding company headquartered in Providence, Rhode Island. Through its subsidiaries, it offers various retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations, and institutions. The group's reportable business segments are: Consumer Banking and Commercial Banking. The majority of its revenue is generated from the Consumer Banking segment, which serves consumer customers and small businesses, offering traditional banking products and services, including deposits, mortgage and home equity lending, credit cards, small business loans, education loans, point-of-sale finance loans, and wealth management solutions, among others, through a network of branches and ATMs.
Market cap 26.1B · 17,398 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
CFG leads JNJ by 6 days
CFG tends to move before JNJ.
After testing 13 timing shifts, the strongest relationship was +0.650 (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
+0.068
11 periods · Return correlation when both series rose
Both Falling
-0.085
8 periods · Return correlation when both series fell
Diverging
-0.567
16 periods · Return correlation when series moved apart
R-Squared
41.5%
Share of variance in one series explained by the other.
Trend Agreement
55.9%
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: [0.611, 0.676]
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
Citizens Financial Group, Inc.
CFG
Market cap 26.1B · 17,398 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
39
Estimated crossover points between normalized spreads.
Slope
1.3740
Linear regression slope.
Intercept
111.3852
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
CFG
Citizens Financial Group, Inc.
Highest
+0.674
Tesla, Inc. Common Stock
TSLA · 1,254 data points
Lowest
+0.019
Exxon Mobil Corporation
XOM · 1,254 data points
Saved 7 hours ago · ID: stock-cfg-vs-stock-jnj-daily