Correlation Analysis
Johnson & Johnson vs Palantir Technologies Inc. Class A Common Stock
JNJ vs PLTR
+0.501
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
Palantir Technologies Inc. Class A Common Stock
↗PLTR
Palantir is an artificial intelligence, analytics, and automated decision-making company that leverages data to drive efficiency across its clients' organizations. The firm serves commercial and government clients via its Foundry and Gotham platforms, respectively. Palantir works only with entities in Western-allied nations and reserves the right not to work with anyone that is antithetical to Western values. The company was founded in 2003 and went public in 2020.
Market cap 353.8B · 4,429 employees
Time Series
Relative Performance
Who Moves First
PLTR leads JNJ by 6 days
PLTR tends to move before JNJ.
After testing 13 timing shifts, the strongest relationship was +0.522 (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
+0.583
11 periods · Return correlation when both series rose
Both Falling
-0.248
8 periods · Return correlation when both series fell
Diverging
-0.709
16 periods · Return correlation when series moved apart
R-Squared
25.1%
Share of variance in one series explained by the other.
Trend Agreement
48.7%
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: [0.459, 0.542]
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
Palantir Technologies Inc. Class A Common Stock
PLTR
Market cap 353.8B · 4,429 employees
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
5
Estimated crossover points between normalized spreads.
Slope
1.4614
Linear regression slope.
Intercept
-196.0388
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
PLTR
Palantir Technologies Inc. Class A Common Stock
Highest
+0.948
Broadcom Inc. Common Stock
AVGO · 1,254 data points
Lowest
+0.451
Exxon Mobil Corporation
XOM · 1,254 data points
Saved 7 hours ago · ID: stock-jnj-vs-stock-pltr-daily