Correlation Analysis
Fiserv, Inc. Common Stock vs Johnson & Johnson
FISV vs JNJ
-0.886
Very strong inverse
When one moves up, the other tends to move down.
Fiserv, Inc. Common Stock
↗FISV
Fiserv is a leading provider of core processing and complementary services, such as electronic funds transfer, payment processing, and loan processing, for US banks and credit unions, with a focus on small and midsize banks. Following its 2019 merger with First Data, Fiserv also provides payment processing services to merchants. About 10% of the company's revenue is generated internationally.
Market cap 30B · 38,000 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
FISV leads JNJ by 2 days
FISV tends to move before JNJ.
After testing 13 timing shifts, the strongest relationship was -0.886 (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
+0.429
9 periods · Return correlation when both series rose
Both Falling
+0.127
14 periods · Return correlation when both series fell
Diverging
-0.903
12 periods · Return correlation when series moved apart
R-Squared
78.4%
Share of variance in one series explained by the other.
Trend Agreement
56.5%
How often both series moved in the same direction period-to-period.
Overlap Quality
644
Robust shared window — 644 usable pairs.
Significance
p < 0.001
95% CI: [-0.901, -0.868]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
644 paired data points survived the daily window.
Raw input
644
1,254
Normalized
644
1,254
Prepared
644
1,254
Aligned
644
644
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
610
A: 0 / B: 610
Series A
Fiserv, Inc. Common Stock
FISV
Market cap 30B · 38,000 employees
Stock · 644 raw → 644 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
13
Estimated crossover points between normalized spreads.
Slope
-1.1258
Linear regression slope.
Intercept
288.6089
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
Saved 6 hours ago · ID: stock-fisv-vs-stock-jnj-daily