Correlation Analysis
Johnson & Johnson vs Venture Global, Inc.
JNJ vs VG
-0.362
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
Venture Global, Inc.
↗VG
Venture Global operates two liquefied natural gas production facilities in Louisiana. It has pioneered the use of modular, factory-built equipment, producing high yields. With a substantial development plan, it seeks to become a vertically integrated LNG producer and supplier to end consumers around the world.
Market cap 39.2B · 2,000 employees
Time Series
Relative Performance
Who Moves First
VG leads JNJ by 6 days
VG tends to move before JNJ.
After testing 13 timing shifts, the strongest relationship was -0.398 (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
+0.056
9 periods · Return correlation when both series rose
Both Falling
N/A
4 periods · Return correlation when both series fell
Diverging
-0.534
22 periods · Return correlation when series moved apart
R-Squared
13.1%
Share of variance in one series explained by the other.
Trend Agreement
47.8%
How often both series moved in the same direction period-to-period.
Overlap Quality
624
Robust shared window — 624 usable pairs.
Significance
p < 0.001
95% CI: [-0.429, -0.292]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
624 paired data points survived the daily window.
Raw input
1,254
624
Normalized
1,254
624
Prepared
1,254
624
Aligned
624
624
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
630
A: 630 / B: 0
Series A
Johnson & Johnson
JNJ
Market cap 580.4B
Stock · 1,254 raw → 1,254 prepared
Series B
Venture Global, Inc.
VG
Market cap 39.2B · 2,000 employees
Stock · 624 raw → 624 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
19
Estimated crossover points between normalized spreads.
Slope
-0.0672
Linear regression slope.
Intercept
26.5887
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
Saved 7 hours ago · ID: stock-jnj-vs-stock-vg-daily