Correlation Analysis
First Citizens BancShares Inc vs Johnson & Johnson
FCNCA vs JNJ
+0.092
Weak positive
When one moves up, the other tends to follow.
First Citizens BancShares Inc
↗FCNCA
First Citizens BancShares Inc. is a Raleigh, N.C.-based financial holding company operating through its subsidiary, First-Citizens Bank & Trust Company. It provides comprehensive retail banking, commercial lending, leasing, and wealth management services via a nationwide branch network and digital platforms. In 2023 acquisition of Silicon Valley Bank, it also specializes in banking for tech, healthcare, and innovation firms.
Market cap 22.8B · 18,141 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
FCNCA leads JNJ by 6 days
FCNCA tends to move before JNJ.
After testing 13 timing shifts, the strongest relationship was +0.100 (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
+0.433
11 periods · Return correlation when both series rose
Both Falling
-0.164
5 periods · Return correlation when both series fell
Diverging
-0.681
19 periods · Return correlation when series moved apart
R-Squared
0.8%
Share of variance in one series explained by the other.
Trend Agreement
53.0%
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: [0.036, 0.146]
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
First Citizens BancShares Inc
FCNCA
Market cap 22.8B · 18,141 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
9
Estimated crossover points between normalized spreads.
Slope
0.0034
Linear regression slope.
Intercept
163.9097
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
FCNCA
First Citizens BancShares Inc
Highest
+0.936
Eli Lilly & Co.
LLY · 1,254 data points
Lowest
+0.431
Tesla, Inc. Common Stock
TSLA · 1,254 data points
Saved 4 hours ago · ID: stock-fcnca-vs-stock-jnj-daily