Correlation Analysis
Johnson & Johnson vs Everpure, Inc.
JNJ vs PSTG
+0.284
Light 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
Everpure, Inc.
↗PSTG
Everpure Inc is a globalised technology company providing an integrated storage and data management platform. Data is foundational to customers' business transformation and increasingly central to their operational resilience and competitive differentiation. The company has evolved into a company that delivers a cloud experience with an intelligent, unified storage and data management platform (the Everpure Platform) that virtualizes data across on-premises, hybrid, and public cloud, and edge environments into a single storage layer with consistent control, built-in automation, and continuous modernization. Its business activities are a single operating and reportable segment. Operating in the USA and Rest of world, having maximum revenue in the USA.
Market cap 20.2B · 6,400 employees
Time Series
Relative Performance
Who Moves First
PSTG leads JNJ by 6 days
PSTG tends to move before JNJ.
After testing 13 timing shifts, the strongest relationship was +0.309 (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
-0.049
12 periods · Return correlation when both series rose
Both Falling
-0.293
5 periods · Return correlation when both series fell
Diverging
-0.718
18 periods · Return correlation when series moved apart
R-Squared
8.1%
Share of variance in one series explained by the other.
Trend Agreement
49.2%
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: [0.232, 0.334]
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
Everpure, Inc.
PSTG
Market cap 20.2B · 6,400 employees
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
24
Estimated crossover points between normalized spreads.
Slope
0.2720
Linear regression slope.
Intercept
-2.9532
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
Saved 4 hours ago · ID: stock-jnj-vs-stock-pstg-daily