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Correlation Analysis

Johnson & Johnson vs Yum! Brands, Inc.

JNJ vs YUM

+0.410

Moderate positive

When one moves up, the other tends to follow.

JNJ logo

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

YUM logo

Yum! Brands, Inc.

YUM

As of the end of 2025, Yum Brands generated over $68 billion in systemwide sales from more than 63,000 restaurants across 155 markets, making it the world's second-largest restaurant firm by dollar sales. Its portfolio includes KFC (33,897 stores), Pizza Hut (19,974), Taco Bell (9,030), and Habit Burger (384), with 72% of locations in international markets. As 97% of its portfolio is franchised, Yum's business model is tilted toward recurring franchise royalties and marketing contributions (64% of revenue), with the balance derived from sales at company-owned locations. The company traces its roots to a 1997 spinoff of PepsiCo's restaurant assets.

Market cap 43.5B · 49,000 employees

Apr 9, 2021 — Apr 7, 2026Daily1,254 data pointsStockStockHealthcare

Time Series

Relative Performance

Green: JNJGray: YUM36 of 1,254 points (sampled)

Who Moves First

in sync

JNJ and YUM tend to move at the same time.

After testing 13 timing shifts, the strongest relationship was +0.410 (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

+0.319

14 periods · Return correlation when both series rose

Both Falling

-0.106

12 periods · Return correlation when both series fell

Diverging

-0.746

9 periods · Return correlation when series moved apart

R-Squared

16.8%

Share of variance in one series explained by the other.

Trend Agreement

60.9%

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: [0.363, 0.455]

Scatter

XY Regression

135.5140160180200220240252.6111.1120130140150160167.1Johnson & JohnsonYum! Brands, Inc.Data pointsFit (r = 0.41)

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

JNJ logo

Johnson & Johnson

JNJ

Market cap 580.4B

Stock · 1,254 raw → 1,254 prepared

Series B

YUM logo

Yum! Brands, Inc.

YUM

Market cap 43.5B · 49,000 employees

Stock · 1,254 raw → 1,254 prepared

Sign agreement

100.0%

How often both values share the same sign.

Zero crossings

28

Estimated crossover points between normalized spreads.

Slope

0.2615

Linear regression slope.

Intercept

88.6985

Linear regression intercept.

Related Extremes

Highest and Lowest Correlated

Saved 4 hours ago · ID: stock-jnj-vs-stock-yum-daily