Correlation Analysis
Dick's Sporting Goods, Inc. vs Johnson & Johnson
DKS vs JNJ
+0.080
Weak positive
When one moves up, the other tends to follow.
Dick's Sporting Goods, Inc.
↗DKS
Dick's Sporting Goods is a retailer that offers sports and outdoor apparel, footwear, and equipment online and in physical stores. The company's legacy business includes more than 700 stores under its own name, more than 110 Golf Galaxy golf specialty stores, and about 50 outlet stores. In September 2025, Dick's acquired multinational retailer Foot Locker. With this move, Dick's added about 2,600 stores under the Foot Locker, Kids Foot Locker, Champs Sports, atmos, and WSS nameplates in North America, the Asia-Pacific, and EMEA—Europe, the Middle East, and Africa. Based in the Pittsburgh area, Dick's was founded in 1948 by the father of current executive chair and controlling shareholder Edward Stack.
Market cap 17.8B · 105,200 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
DKS leads JNJ by 6 days
DKS tends to move before JNJ.
After testing 13 timing shifts, the strongest relationship was +0.090 (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
+0.170
10 periods · Return correlation when both series rose
Both Falling
-0.214
9 periods · Return correlation when both series fell
Diverging
-0.668
16 periods · Return correlation when series moved apart
R-Squared
0.6%
Share of variance in one series explained by the other.
Trend Agreement
54.2%
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 < 0.01
95% CI: [0.025, 0.135]
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
Dick's Sporting Goods, Inc.
DKS
Market cap 17.8B · 105,200 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
10
Estimated crossover points between normalized spreads.
Slope
0.0316
Linear regression slope.
Intercept
163.5733
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
DKS
Dick's Sporting Goods, Inc.
Highest
+0.894
Eli Lilly & Co.
LLY · 1,254 data points
Lowest
+0.395
Tesla, Inc. Common Stock
TSLA · 1,254 data points
Saved 4 hours ago · ID: stock-dks-vs-stock-jnj-daily