Correlation Analysis
Kenvue Inc. vs Walmart Inc. Common Stock
KVUE vs WMT
-0.421
Moderate inverse
When one moves up, the other tends to move down.
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
Walmart Inc. Common Stock
↗WMT
Since its founding in 1962, Walmart has become the world's largest retailer, operating over 10,700 stores globally (including 4,600 namesake locations on its home turf and another 600 Sam's Club outlets) and growing its e-commerce presence, attracting 270 million customers weekly. In aggregate, the firm posted more than $680 billion in fiscal 2025 sales. Its core operations span three reporting segments: Walmart US (68% of fiscal 2025 sales), Walmart International (18%), and Sam's Club (14%). Within the US, nearly 60% of its $465 billion in fiscal 2025 revenue came from its grocery offerings, with another quarter from general merchandise. Internationally, Walmart's operations are concentrated in Mexico, though it also has budding exposure to India.
Market cap 1T
Time Series
Relative Performance
Who Moves First
in sync
KVUE and WMT tend to move at the same time.
After testing 13 timing shifts, the strongest relationship was -0.421 (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
+0.298
9 periods · Return correlation when both series rose
Both Falling
-0.162
9 periods · Return correlation when both series fell
Diverging
-0.426
17 periods · Return correlation when series moved apart
R-Squared
17.7%
Share of variance in one series explained by the other.
Trend Agreement
55.3%
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: [-0.479, -0.360]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
733 paired data points survived the daily window.
Raw input
733
1,254
Normalized
733
1,254
Prepared
733
1,254
Aligned
733
733
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
521
A: 0 / B: 521
Series A
Kenvue Inc.
KVUE
Market cap 33.2B · 22,000 employees
Stock · 733 raw → 733 prepared
Series B
Walmart Inc. Common Stock
WMT
Market cap 1T
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
3
Estimated crossover points between normalized spreads.
Slope
-3.7608
Linear regression slope.
Intercept
158.9641
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
Saved 6 hours ago · ID: stock-kvue-vs-stock-wmt-daily