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Correlation Analysis

Kenvue Inc. vs Exxon Mobil Corporation

KVUE vs XOM

-0.411

Moderate inverse

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

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

XOM logo

Exxon Mobil Corporation

XOM

ExxonMobil is an integrated oil and gas company that explores for, produces, and refines oil worldwide. In 2025, it produced 3.3 million barrels of liquids and 8.4 billion cubic feet of natural gas per day. At the end of 2024, reserves were 19.9 billion barrels of oil equivalent, 69% of which were liquids. The company is one of the world's largest refiners, with a total global refining capacity of 4.3 million barrels of oil per day, and is one of the world's largest manufacturers of commodity and specialty chemicals.

Market cap 680.7B

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

Time Series

Relative Performance

Green: KVUEGray: XOM36 of 733 points (sampled)

Who Moves First

KVUE leads XOM by 6 days

KVUE tends to move before XOM.

After testing 13 timing shifts, the strongest relationship was -0.423 (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

+0.312

7 periods · Return correlation when both series rose

Both Falling

+0.357

9 periods · Return correlation when both series fell

Diverging

-0.535

19 periods · Return correlation when series moved apart

R-Squared

16.9%

Share of variance in one series explained by the other.

Trend Agreement

55.0%

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: [-0.469, -0.349]

Scatter

XY Regression

14.7916182022242627.896.9100110120130140150160168.9Kenvue Inc.Exxon Mobil CorporationData pointsFit (r = -0.411)

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

KVUE logo

Kenvue Inc.

KVUE

Market cap 33.2B · 22,000 employees

Stock · 733 raw → 733 prepared

Series B

XOM logo

Exxon Mobil Corporation

XOM

Market cap 680.7B

Stock · 1,254 raw → 1,254 prepared

Sign agreement

100.0%

How often both values share the same sign.

Zero crossings

33

Estimated crossover points between normalized spreads.

Slope

-1.9182

Linear regression slope.

Intercept

154.0892

Linear regression intercept.

Related Extremes

Highest and Lowest Correlated

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