Correlation Analysis
Dominion Energy, Inc Common Stock vs Johnson & Johnson
D vs JNJ
+0.274
Light positive
When one moves up, the other tends to follow.
Dominion Energy, Inc Common Stock
↗D
Based in Richmond, Virginia, Dominion Energy is an integrated energy company with over 31 gigawatts of electric generation capacity and more than 91,000 miles of electric transmission and distribution lines. Dominion is constructing a rate-regulated 5.2 GW wind farm off the Virginia Beach coast.
Market cap 54.7B · 15,200 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
JNJ leads D by 6 days
JNJ tends to move before D.
After testing 13 timing shifts, the strongest relationship was +0.277 (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
+0.249
10 periods · Return correlation when both series rose
Both Falling
+0.325
10 periods · Return correlation when both series fell
Diverging
-0.549
15 periods · Return correlation when series moved apart
R-Squared
7.5%
Share of variance in one series explained by the other.
Trend Agreement
64.9%
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: [0.222, 0.324]
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
Dominion Energy, Inc Common Stock
D
Market cap 54.7B · 15,200 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
51
Estimated crossover points between normalized spreads.
Slope
0.4439
Linear regression slope.
Intercept
140.9149
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
D
Dominion Energy, Inc Common Stock
Highest
-0.098
Micron Technology, Inc.
MU · 1,254 data points
Lowest
-0.633
Exxon Mobil Corporation
XOM · 1,254 data points
Saved 4 hours ago · ID: stock-d-vs-stock-jnj-daily