Correlation Analysis
Credo Technology Group Holding Ltd Ordinary Shares vs Johnson & Johnson
CRDO vs JNJ
+0.562
Moderate positive
When one moves up, the other tends to follow.
Credo Technology Group Holding Ltd Ordinary Shares
↗CRDO
Credo Technology Group Holding Ltd delivers high-speed solutions to break bandwidth barriers on every wired connection in the data infrastructure market. It provides secure, high-speed connectivity solutions that deliver improved power and cost efficiency as data rates and corresponding bandwidth requirements increase exponentially throughout the data infrastructure market. It has a geographic presence in Hong Kong, the United States, Mainland China, Taiwan, and the Rest of the World.
Market cap 18.9B · 622 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
CRDO leads JNJ by 6 days
CRDO tends to move before JNJ.
After testing 13 timing shifts, the strongest relationship was +0.594 (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
+0.486
9 periods · Return correlation when both series rose
Both Falling
-0.084
8 periods · Return correlation when both series fell
Diverging
-0.618
18 periods · Return correlation when series moved apart
R-Squared
31.5%
Share of variance in one series explained by the other.
Trend Agreement
46.2%
How often both series moved in the same direction period-to-period.
Overlap Quality
1,051
Deep shared window — 1,051 usable pairs.
Significance
p < 0.001
95% CI: [0.519, 0.602]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
1,051 paired data points survived the daily window.
Raw input
1,051
1,254
Normalized
1,051
1,254
Prepared
1,051
1,254
Aligned
1,051
1,051
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
203
A: 0 / B: 203
Series A
Credo Technology Group Holding Ltd Ordinary Shares
CRDO
Market cap 18.9B · 622 employees
Stock · 1,051 raw → 1,051 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
22
Estimated crossover points between normalized spreads.
Slope
0.2586
Linear regression slope.
Intercept
157.1754
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
CRDO
Credo Technology Group Holding Ltd Ordinary Shares
Highest
+0.906
JPMorgan Chase & Co.
JPM · 1,051 data points
Lowest
+0.489
Exxon Mobil Corporation
XOM · 1,051 data points
Saved 7 hours ago · ID: stock-crdo-vs-stock-jnj-daily