Correlation Analysis
Johnson & Johnson vs LyondellBasell Industries N.V. Class A
JNJ vs LYB
-0.412
Moderate inverse
When one moves up, the other tends to move down.
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
LyondellBasell Industries N.V. Class A
↗LYB
LyondellBasell is a petrochemical producer with operations in the United States, Europe, and Asia. The company is the world's largest producer of polypropylene and also a major producer of polyethylene and propylene oxide. Its chemicals are used in various consumer and industrial end products. Well over half of LyondellBasell's production comes from its North American operations.
Market cap 25.3B · 18,970 employees
Time Series
Relative Performance
Who Moves First
LYB leads JNJ by 6 days
LYB tends to move before JNJ.
After testing 13 timing shifts, the strongest relationship was -0.453 (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
+0.501
7 periods · Return correlation when both series rose
Both Falling
+0.366
10 periods · Return correlation when both series fell
Diverging
-0.692
18 periods · Return correlation when series moved apart
R-Squared
17.0%
Share of variance in one series explained by the other.
Trend Agreement
54.9%
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: [-0.457, -0.365]
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
Johnson & Johnson
JNJ
Market cap 580.4B
Stock · 1,254 raw → 1,254 prepared
Series B
LyondellBasell Industries N.V. Class A
LYB
Market cap 25.3B · 18,970 employees
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
17
Estimated crossover points between normalized spreads.
Slope
-0.3790
Linear regression slope.
Intercept
149.4853
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
JNJ
Johnson & Johnson
Highest
+0.943
Sandisk Corporation Common Stock
SNDK · 281 data points
Lowest
-0.621
Kimberly-Clark Corp.
KMB · 1,254 data points
LYB
LyondellBasell Industries N.V. Class A
Highest
-0.465
Exxon Mobil Corporation
XOM · 1,254 data points
Lowest
-0.831
Broadcom Inc. Common Stock
AVGO · 1,254 data points
Saved 4 hours ago · ID: stock-jnj-vs-stock-lyb-daily