Correlation Analysis
Johnson & Johnson vs Reddit, Inc.
JNJ vs RDDT
+0.444
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
Reddit, Inc.
↗RDDT
Reddit is a social media platform where users can engage in conversations, explore, and create communities centered around their interests. Founded in 2005 by Steve Huffman and Alexis Ohanian, Reddit has evolved into a vast network of user-generated content organized into specialized forums known as "subreddits." The platform's unique community-driven model relies on volunteer moderators to manage content and maintain subreddit guidelines. Reddit generates revenue through advertising, Premium Memberships, and data licensing agreements.
Market cap 26.4B · 2,555 employees
Time Series
Relative Performance
Who Moves First
RDDT leads JNJ by 6 days
RDDT tends to move before JNJ.
After testing 13 timing shifts, the strongest relationship was +0.491 (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
+0.284
12 periods · Return correlation when both series rose
Both Falling
-0.659
5 periods · Return correlation when both series fell
Diverging
-0.792
18 periods · Return correlation when series moved apart
R-Squared
19.7%
Share of variance in one series explained by the other.
Trend Agreement
43.1%
How often both series moved in the same direction period-to-period.
Overlap Quality
512
Robust shared window — 512 usable pairs.
Significance
p < 0.001
95% CI: [0.372, 0.511]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
512 paired data points survived the daily window.
Raw input
1,254
512
Normalized
1,254
512
Prepared
1,254
512
Aligned
512
512
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
742
A: 742 / B: 0
Series A
Johnson & Johnson
JNJ
Market cap 580.4B
Stock · 1,254 raw → 1,254 prepared
Series B
Reddit, Inc.
RDDT
Market cap 26.4B · 2,555 employees
Stock · 512 raw → 512 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
18
Estimated crossover points between normalized spreads.
Slope
0.9906
Linear regression slope.
Intercept
-33.9799
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
Saved 7 hours ago · ID: stock-jnj-vs-stock-rddt-daily