Correlation Analysis
Johnson & Johnson vs Live Nation Entertainment Inc.
JNJ vs LYV
+0.404
Moderate positive
When one moves up, the other tends to follow.
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
Live Nation Entertainment Inc.
↗LYV
Live Nation is the largest live entertainment company in the world, serving as a concert promoter, venue operator, and ticketing platform. In addition, the firm generates revenue from sponsorships and advertising. With offices in 51 countries, Live Nation promotes concerts globally and it owned, operated, or had exclusive booking rights to more than 400 venues worldwide at the end of 2025, which the firm says makes it the second-largest operator of music venues globally. In 2025, Live Nation promoted nearly 55,000 events, drawing roughly 160 million fans. Ticketmaster is a dominant global ticketing service, selling nearly 650 million tickets in 2025.
Market cap 37.6B · 17,700 employees
Time Series
Relative Performance
Who Moves First
LYV leads JNJ by 6 days
LYV tends to move before JNJ.
After testing 13 timing shifts, the strongest relationship was +0.409 (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
+0.199
9 periods · Return correlation when both series rose
Both Falling
-0.419
7 periods · Return correlation when both series fell
Diverging
-0.690
19 periods · Return correlation when series moved apart
R-Squared
16.3%
Share of variance in one series explained by the other.
Trend Agreement
52.1%
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: [0.356, 0.449]
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
Live Nation Entertainment Inc.
LYV
Market cap 37.6B · 17,700 employees
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
42
Estimated crossover points between normalized spreads.
Slope
0.5661
Linear regression slope.
Intercept
10.5704
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
LYV
Live Nation Entertainment Inc.
Highest
+0.887
JPMorgan Chase & Co.
JPM · 1,254 data points
Lowest
+0.368
Exxon Mobil Corporation
XOM · 1,254 data points
Saved 7 hours ago · ID: stock-jnj-vs-stock-lyv-daily