Correlation Analysis
Fidelity National Information Services, Inc. vs Johnson & Johnson
FIS vs JNJ
-0.128
Weak inverse
When one moves up, the other tends to move down.
Fidelity National Information Services, Inc.
↗FIS
Fidelity National Information Services provides core processing and ancillary services to banks, but its business has expanded over time. By acquiring SunGard in 2015, the company now provides record-keeping and other services to investment firms. In a recent deal with Global Payments, FIS sold off its remaining interest in Worldpay and acquired Global Payment's issuer processing business.
Market cap 24B · 44,000 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
FIS and JNJ tend to move at the same time.
After testing 13 timing shifts, the strongest relationship was -0.128 (they moved in opposite directions).
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
-0.139
7 periods · Return correlation when both series rose
Both Falling
-0.202
10 periods · Return correlation when both series fell
Diverging
-0.736
18 periods · Return correlation when series moved apart
R-Squared
1.6%
Share of variance in one series explained by the other.
Trend Agreement
57.4%
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: [-0.182, -0.073]
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
Fidelity National Information Services, Inc.
FIS
Market cap 24B · 44,000 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
19
Estimated crossover points between normalized spreads.
Slope
-0.0959
Linear regression slope.
Intercept
176.3715
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
FIS
Fidelity National Information Services, Inc.
Highest
-0.050
Tesla, Inc. Common Stock
TSLA · 1,254 data points
Lowest
-0.837
Exxon Mobil Corporation
XOM · 1,254 data points
Saved 6 hours ago · ID: stock-fis-vs-stock-jnj-daily