Correlation Analysis
Johnson & Johnson vs SoFi Technologies, Inc. Common Stock
JNJ vs SOFI
+0.454
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
SoFi Technologies, Inc. Common Stock
↗SOFI
SoFi is a financial-services company that was founded in 2011 and is based in San Francisco. Initially known for its student loan refinancing business, the company has expanded its product offerings to include personal loans, credit cards, mortgages, investment accounts, banking services, and financial planning. The company intends to be a one-stop shop for its clients' finances and operates solely through its mobile app and website. Through its acquisition of Galileo in 2020, the company also offers payment and account services for debit cards and digital banking.
Market cap 20.7B · 6,100 employees
Time Series
Relative Performance
Who Moves First
SOFI leads JNJ by 6 days
SOFI tends to move before JNJ.
After testing 13 timing shifts, the strongest relationship was +0.493 (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
+0.343
7 periods · Return correlation when both series rose
Both Falling
-0.186
11 periods · Return correlation when both series fell
Diverging
-0.639
17 periods · Return correlation when series moved apart
R-Squared
20.7%
Share of variance in one series explained by the other.
Trend Agreement
49.5%
How often both series moved in the same direction period-to-period.
Overlap Quality
1,218
Deep shared window — 1,218 usable pairs.
Significance
p < 0.001
95% CI: [0.409, 0.498]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
1,218 paired data points survived the daily window.
Raw input
1,254
1,218
Normalized
1,254
1,218
Prepared
1,254
1,218
Aligned
1,218
1,218
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
36
A: 36 / B: 0
Series A
Johnson & Johnson
JNJ
Market cap 580.4B
Stock · 1,254 raw → 1,254 prepared
Series B
SoFi Technologies, Inc. Common Stock
SOFI
Market cap 20.7B · 6,100 employees
Stock · 1,218 raw → 1,218 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
53
Estimated crossover points between normalized spreads.
Slope
0.1565
Linear regression slope.
Intercept
-14.1522
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
SOFI
SoFi Technologies, Inc. Common Stock
Highest
+0.778
Tesla, Inc. Common Stock
TSLA · 1,218 data points
Lowest
-0.006
Exxon Mobil Corporation
XOM · 1,218 data points
Saved 7 hours ago · ID: stock-jnj-vs-stock-sofi-daily