Correlation Analysis
Cencora, Inc. vs Johnson & Johnson
COR vs JNJ
+0.550
Moderate positive
When one moves up, the other tends to follow.
Cencora, Inc.
↗COR
Cencora is one of three leading domestic pharmaceutical wholesalers. It sources and distributes branded, generic, and specialty pharmaceutical products to pharmacies (retail chains, independent, and mail order), hospital networks, and healthcare providers. It and McKesson and Cardinal Health hold over 90% share of the US pharmaceutical wholesale industry. Cencora also provides commercialization services for manufacturers of pharmaceuticals and medical devices, global specialty drug logistics (World Courier), and animal health product distribution (MWI Animal Health). Cencora expanded its international presence in 2021 by purchasing Alliance Healthcare, one of the leading drug wholesalers in Europe.
Market cap 62.4B · 51,000 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
COR leads JNJ by 6 days
COR tends to move before JNJ.
After testing 13 timing shifts, the strongest relationship was +0.559 (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
+0.252
16 periods · Return correlation when both series rose
Both Falling
-0.093
5 periods · Return correlation when both series fell
Diverging
-0.768
14 periods · Return correlation when series moved apart
R-Squared
30.3%
Share of variance in one series explained by the other.
Trend Agreement
61.3%
How often both series moved in the same direction period-to-period.
Overlap Quality
834
Deep shared window — 834 usable pairs.
Significance
p < 0.001
95% CI: [0.501, 0.596]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
834 paired data points survived the daily window.
Raw input
834
1,254
Normalized
834
1,254
Prepared
834
1,254
Aligned
834
834
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
420
A: 0 / B: 420
Series A
Cencora, Inc.
COR
Market cap 62.4B · 51,000 employees
Stock · 834 raw → 834 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
0.1891
Linear regression slope.
Intercept
123.7490
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
Saved 7 hours ago · ID: stock-cor-vs-stock-jnj-daily