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Correlation Analysis

JPMorgan Chase & Co. vs Kenvue Inc.

JPM vs KVUE

-0.489

Moderate inverse

When one moves up, the other tends to move down.

JPM logo

JPMorgan Chase & Co.

JPM

JPMorgan Chase is one of the largest and most complex financial institutions in the United States, with more than $4.4 trillion in assets. It is organized into four major segments: consumer and community banking, corporate and investment banking, commercial banking, and asset and wealth management. JPMorgan operates and is subject to regulation in multiple countries.

Market cap 792.5B

KVUE logo

Kenvue Inc.

KVUE

Kenvue is the world's largest pure-play consumer health company by sales, generating over $15 billion in annual revenue. Formerly known as Johnson & Johnson's consumer segment, Kenvue spun off and went public in May 2023. It operates in a variety of categories within consumer health, such as cough, cold and allergy care, pain management, face and body care, and oral care, as well as women's health. Its portfolio has some of the most well-known brands in the space, including Tylenol, Listerine, Johnson's, Aveeno, and Neutrogena. Kenvue announced November 2025 that it signed a deal to be fully acquired by Kimberly-Clark with the deal expected to close during the second half of 2026.

Market cap 33.2B · 22,000 employees

May 4, 2023 — Apr 7, 2026Daily733 data pointsStockStockFinancials

Time Series

Relative Performance

Green: JPMGray: KVUE36 of 733 points (sampled)

Who Moves First

in sync

JPM and KVUE tend to move at the same time.

After testing 13 timing shifts, the strongest relationship was -0.489 (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

+0.465

11 periods · Return correlation when both series rose

Both Falling

-0.367

8 periods · Return correlation when both series fell

Diverging

-0.580

16 periods · Return correlation when series moved apart

R-Squared

23.9%

Share of variance in one series explained by the other.

Trend Agreement

57.0%

How often both series moved in the same direction period-to-period.

Overlap Quality

733

Robust shared window — 733 usable pairs.

Significance

p < 0.001

95% CI: [-0.543, -0.432]

Scatter

XY Regression

118.115020025030035014.7916182022242627.8JPMorgan Chase & Co.Kenvue Inc.Data pointsFit (r = -0.489)

Pipeline

Data quality details

Pipeline Summary

733 paired data points survived the daily window.

Raw input

1,254

733

Normalized

1,254

733

Prepared

1,254

733

Aligned

733

733

Invalid removed

0

A: 0 / B: 0

Duplicates removed

0

A: 0 / B: 0

Alignment drops

521

A: 521 / B: 0

Series A

JPM logo

JPMorgan Chase & Co.

JPM

Market cap 792.5B

Stock · 1,254 raw → 1,254 prepared

Series B

KVUE logo

Kenvue Inc.

KVUE

Market cap 33.2B · 22,000 employees

Stock · 733 raw → 733 prepared

Sign agreement

100.0%

How often both values share the same sign.

Zero crossings

7

Estimated crossover points between normalized spreads.

Slope

-0.0219

Linear regression slope.

Intercept

25.7595

Linear regression intercept.

Related Extremes

Highest and Lowest Correlated

Saved 7 hours ago · ID: stock-jpm-vs-stock-kvue-daily