Correlation Analysis
Johnson & Johnson vs United Parcel Service, Inc. Class B
JNJ vs UPS
-0.213
Light 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
United Parcel Service, Inc. Class B
↗UPS
As the world's largest parcel delivery company, UPS manages a massive fleet of more than 500 planes and 100,000 vehicles, along with many hundreds of sorting facilities, to deliver an average of about 22 million packages per day to residences and businesses across the globe. UPS' domestic US package operations generate around 65% of total revenue, while international package makes up 20%. Air and ocean freight forwarding and contract logistics make up the remainder.
Market cap 82.6B · 460,000 employees
Time Series
Relative Performance
Who Moves First
UPS leads JNJ by 6 days
UPS tends to move before JNJ.
After testing 13 timing shifts, the strongest relationship was -0.220 (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
-0.024
10 periods · Return correlation when both series rose
Both Falling
+0.205
10 periods · Return correlation when both series fell
Diverging
-0.810
15 periods · Return correlation when series moved apart
R-Squared
4.5%
Share of variance in one series explained by the other.
Trend Agreement
59.9%
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: [-0.265, -0.160]
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
United Parcel Service, Inc. Class B
UPS
Market cap 82.6B · 460,000 employees
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
13
Estimated crossover points between normalized spreads.
Slope
-0.4305
Linear regression slope.
Intercept
227.8802
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
UPS
United Parcel Service, Inc. Class B
Highest
-0.437
Tesla, Inc. Common Stock
TSLA · 1,254 data points
Lowest
-0.939
Meta Platforms, Inc. Class A Common Stock
META · 1,107 data points
Saved 4 hours ago · ID: stock-jnj-vs-stock-ups-daily