Correlation Analysis
Johnson & Johnson vs RTX Corporation
JNJ vs RTX
+0.673
Strong 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
RTX Corporation
↗RTX
RTX is an aerospace and defense manufacturer formed from the merger of United Technologies and Raytheon, with roughly equal exposure across three segments, mostly as a supplier to commercial aerospace and to the defense market: Collins Aerospace, a diversified aerospace supplier; Pratt & Whitney, a commercial and military aircraft engine manufacturer; and Raytheon, a defense prime contractor providing a mix of missiles, missile defense systems, sensors, hardware, and communications technology to the military.
Market cap 267.1B · 180,000 employees
Time Series
Relative Performance
Who Moves First
RTX leads JNJ by 6 days
RTX tends to move before JNJ.
After testing 13 timing shifts, the strongest relationship was +0.679 (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
+0.373
14 periods · Return correlation when both series rose
Both Falling
-0.004
9 periods · Return correlation when both series fell
Diverging
-0.252
12 periods · Return correlation when series moved apart
R-Squared
45.3%
Share of variance in one series explained by the other.
Trend Agreement
56.0%
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: [0.641, 0.702]
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
RTX Corporation
RTX
Market cap 267.1B · 180,000 employees
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
11
Estimated crossover points between normalized spreads.
Slope
1.1155
Linear regression slope.
Intercept
-77.1434
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
Saved 9 hours ago · ID: stock-jnj-vs-stock-rtx-daily