Correlation Analysis
EXAS vs Johnson & Johnson
EXAS vs JNJ
+0.354
Light positive
When one moves up, the other tends to follow.
EXAS
EXAS
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 EXAS by 6 days
JNJ tends to move before EXAS.
After testing 13 timing shifts, the strongest relationship was +0.366 (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
+0.111
11 periods · Return correlation when both series rose
Both Falling
+0.032
9 periods · Return correlation when both series fell
Diverging
-0.590
15 periods · Return correlation when series moved apart
R-Squared
12.5%
Share of variance in one series explained by the other.
Trend Agreement
52.4%
How often both series moved in the same direction period-to-period.
Overlap Quality
1,243
Deep shared window — 1,243 usable pairs.
Significance
p < 0.001
95% CI: [0.304, 0.401]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
1,243 paired data points survived the daily window.
Raw input
1,243
1,254
Normalized
1,243
1,254
Prepared
1,243
1,254
Aligned
1,243
1,243
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
11
A: 0 / B: 11
Series A
EXAS
Stock · 1,243 raw → 1,243 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
41
Estimated crossover points between normalized spreads.
Slope
0.2861
Linear regression slope.
Intercept
148.1539
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
Saved 4 hours ago · ID: stock-exas-vs-stock-jnj-daily