Correlation Analysis
Cisco Systems, Inc. Common Stock (DE) vs Johnson & Johnson
CSCO vs JNJ
+0.637
Moderate positive
When one moves up, the other tends to follow.
Cisco Systems, Inc. Common Stock (DE)
↗CSCO
Cisco Systems is the largest provider of networking equipment in the world and one of the largest software companies in the world. Its largest businesses are selling networking hardware and software (where it has leading market shares) and cybersecurity software such as firewalls. It also has collaboration products, like its Webex suite, and observability tools. It primarily outsources its manufacturing to third parties and has a large sales and marketing staff—25,000 strong across 90 countries. Overall, Cisco employs 80,000 people and sells its products globally.
Market cap 317.7B
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
CSCO leads JNJ by 6 days
CSCO tends to move before JNJ.
After testing 13 timing shifts, the strongest relationship was +0.640 (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
+0.221
13 periods · Return correlation when both series rose
Both Falling
-0.363
9 periods · Return correlation when both series fell
Diverging
-0.552
13 periods · Return correlation when series moved apart
R-Squared
40.5%
Share of variance in one series explained by the other.
Trend Agreement
60.1%
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: [0.602, 0.668]
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
Cisco Systems, Inc. Common Stock (DE)
CSCO
Market cap 317.7B
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
1.3072
Linear regression slope.
Intercept
95.8494
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
CSCO
Cisco Systems, Inc. Common Stock (DE)
Highest
+0.844
JPMorgan Chase & Co.
JPM · 1,254 data points
Lowest
+0.326
Exxon Mobil Corporation
XOM · 1,254 data points
Saved 7 hours ago · ID: stock-csco-vs-stock-jnj-daily