Correlation Analysis
Johnson & Johnson vs UNITEDHEALTH GROUP INCORPORATED (Delaware)
JNJ vs UNH
-0.552
Moderate inverse
When one moves up, the other tends to move down.
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
UNITEDHEALTH GROUP INCORPORATED (Delaware)
↗UNH
UnitedHealth Group is one of the largest private health insurers and provides medical benefits to about 51 million members globally, including 1 million outside the US as of December 2025. As a leader in employer-sponsored, self-directed, and government-backed insurance plans, UnitedHealth has obtained massive scale in medical insurance. Along with its insurance assets, UnitedHealth's Optum franchises help create a healthcare services colossus that spans everything from pharmaceutical benefits to providing outpatient care and analytics to affiliates and third parties.
Market cap 255.4B
Time Series
Relative Performance
Who Moves First
UNH leads JNJ by 6 days
UNH tends to move before JNJ.
After testing 13 timing shifts, the strongest relationship was -0.564 (they moved in opposite directions).
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
+0.653
12 periods · Return correlation when both series rose
Both Falling
-0.181
11 periods · Return correlation when both series fell
Diverging
-0.827
12 periods · Return correlation when series moved apart
R-Squared
30.5%
Share of variance in one series explained by the other.
Trend Agreement
62.7%
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: [-0.590, -0.512]
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
UNITEDHEALTH GROUP INCORPORATED (Delaware)
UNH
Market cap 255.4B
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
20
Estimated crossover points between normalized spreads.
Slope
-2.4201
Linear regression slope.
Intercept
870.9710
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
UNH
UNITEDHEALTH GROUP INCORPORATED (Delaware)
Highest
-0.079
Exxon Mobil Corporation
XOM · 1,254 data points
Lowest
-0.611
Micron Technology, Inc.
MU · 1,254 data points
Saved 7 hours ago · ID: stock-jnj-vs-stock-unh-daily