Correlation Analysis
Johnson & Johnson vs Marvell Technology, Inc. Common Stock
JNJ vs MRVL
+0.182
Weak 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
Marvell Technology, Inc. Common Stock
↗MRVL
Marvell Technology is a fabless chip designer focused on wired networking, where it has the second-highest market share. Marvell serves the data center, carrier, enterprise, and consumer end markets with processors, optical and copper transceivers, switches, and storage controllers.
Market cap 95.8B · 7,480 employees
Time Series
Relative Performance
Who Moves First
in sync
JNJ and MRVL tend to move at the same time.
After testing 13 timing shifts, the strongest relationship was +0.182 (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
-0.045
7 periods · Return correlation when both series rose
Both Falling
-0.306
7 periods · Return correlation when both series fell
Diverging
-0.703
21 periods · Return correlation when series moved apart
R-Squared
3.3%
Share of variance in one series explained by the other.
Trend Agreement
48.5%
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: [0.128, 0.235]
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
Marvell Technology, Inc. Common Stock
MRVL
Market cap 95.8B · 7,480 employees
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
64
Estimated crossover points between normalized spreads.
Slope
0.1664
Linear regression slope.
Intercept
37.6921
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
MRVL
Marvell Technology, Inc. Common Stock
Highest
+0.813
Amazon.Com Inc
AMZN · 1,254 data points
Lowest
+0.265
Exxon Mobil Corporation
XOM · 1,254 data points
Saved 4 hours ago · ID: stock-jnj-vs-stock-mrvl-daily