Johnson & Johnson (JNJ) Correlation Distribution
Across 6,809 rolling correlation observations between Johnson & Johnson (JNJ) and other NASDAQ-listed stocks, 64.5% are positive and 35.5% are negative. The most common correlation range is 0.1 to 0.2, and the average pairwise correlation is 0.118, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 0.6% and strong negative correlations (≤−0.7) for 0.5%.
- Total observations
- 6,809
- Mean correlation
- 0.118
- Most common range
- 0.1 to 0.2
- Positive pairs
- 64.5%
- Strong positive (≥0.7)
- 0.6%
- Sector
- Pharmaceutical Preparations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 19 | 0.3% | |
| -0.8 to -0.7 | 18 | 0.3% | |
| -0.7 to -0.6 | 113 | 1.7% | |
| -0.6 to -0.5 | 112 | 1.6% | |
| -0.5 to -0.4 | 265 | 3.9% | |
| -0.4 to -0.3 | 265 | 3.9% | |
| -0.3 to -0.2 | 504 | 7.4% | |
| -0.2 to -0.1 | 504 | 7.4% | |
| -0.1 to 0.0 | 620 | 9.1% | |
| 0.0 to 0.1 | 620 | 9.1% | |
| 0.1 to 0.2 | 766 | 11.2% | |
| 0.2 to 0.3 | 766 | 11.2% | |
| 0.3 to 0.4 | 683 | 10.0% | |
| 0.4 to 0.5 | 682 | 10.0% | |
| 0.5 to 0.6 | 415 | 6.1% | |
| 0.6 to 0.7 | 415 | 6.1% | |
| 0.7 to 0.8 | 21 | 0.3% | |
| 0.8 to 0.9 | 21 | 0.3% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of JNJ?
Johnson & Johnson (JNJ) has an average correlation of about 0.118 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is JNJ positively correlated with other stocks?
Mostly yes — 64.5% of pairs are positive and 35.5% are negative. Strong positive correlations (≥0.7) make up 0.6%.
What is the most common correlation range for JNJ?
The most common range is 0.1 to 0.2. Weak correlations (−0.3 to 0.3) account for 55.5% of all pairs.
Explore the full interactive correlation distribution for JNJ.
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