Correlation Analysis
The Kraft Heinz Company Common Stock vs Eli Lilly & Co.
KHC vs LLY
-0.777
Strong inverse
When one moves up, the other tends to move down.
The Kraft Heinz Company Common Stock
↗KHC
In July 2015, Kraft merged with Heinz to create one of North America's largest food and beverage manufacturers. Beyond its namesake brands, its portfolio includes Oscar Mayer, Velveeta, and Philadelphia. While the retail channel drives around 85% of its total sales, the firm also maintains a growing foodservice presence. Outside North America, Kraft Heinz's global reach encompasses a distribution network in Europe and emerging markets, which accounts for around 25% of its consolidated sales base. The company's products are sold in more than 190 countries and territories.
Market cap 27.9B · 35,000 employees
Eli Lilly & Co.
↗LLY
Eli Lilly is a drug firm with a focus on neuroscience, cardiometabolic, cancer, and immunology. Lilly's key products include Verzenio for cancer; Mounjaro, Zepbound, Jardiance, Trulicity, Humalog, and Humulin for cardiometabolic; and Taltz and Olumiant for immunology.
Market cap 828.2B · 50,000 employees
Time Series
Relative Performance
Who Moves First
LLY leads KHC by 6 days
LLY tends to move before KHC.
After testing 13 timing shifts, the strongest relationship was -0.778 (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
-0.181
11 periods · Return correlation when both series rose
Both Falling
+0.541
9 periods · Return correlation when both series fell
Diverging
-0.090
15 periods · Return correlation when series moved apart
R-Squared
60.4%
Share of variance in one series explained by the other.
Trend Agreement
54.4%
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: [-0.798, -0.754]
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
The Kraft Heinz Company Common Stock
KHC
Market cap 27.9B · 35,000 employees
Stock · 1,254 raw → 1,254 prepared
Series B
Eli Lilly & Co.
LLY
Market cap 828.2B · 50,000 employees
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
11
Estimated crossover points between normalized spreads.
Slope
-39.8542
Linear regression slope.
Intercept
1936.7583
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
KHC
The Kraft Heinz Company Common Stock
Highest
-0.412
Johnson & Johnson
JNJ · 1,254 data points
Lowest
-0.903
Broadcom Inc. Common Stock
AVGO · 1,254 data points
Saved 7 hours ago · ID: stock-khc-vs-stock-lly-daily