Correlation Analysis
Duke Energy Corporation vs Johnson & Johnson
DUK vs JNJ
+0.545
Moderate positive
When one moves up, the other tends to follow.
Duke Energy Corporation
↗DUK
Duke Energy is one of the largest US utilities, with subsidiaries in the Carolinas, Indiana, Florida, Ohio, and Kentucky that deliver electricity to more than 8 million customers. Its natural gas utilities serve more than 1.6 million customers.
Market cap 102.3B · 26,441 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
in sync
DUK and JNJ tend to move at the same time.
After testing 13 timing shifts, the strongest relationship was +0.545 (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
+0.465
14 periods · Return correlation when both series rose
Both Falling
+0.360
11 periods · Return correlation when both series fell
Diverging
-0.861
10 periods · Return correlation when series moved apart
R-Squared
29.7%
Share of variance in one series explained by the other.
Trend Agreement
66.8%
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: [0.505, 0.583]
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
Duke Energy Corporation
DUK
Market cap 102.3B · 26,441 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
44
Estimated crossover points between normalized spreads.
Slope
0.9676
Linear regression slope.
Intercept
65.8957
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
Saved 7 hours ago · ID: stock-duk-vs-stock-jnj-daily