Johnson Johnson Correlations

JNJ Stock

USD 234.47 1.37 0.59%

The current 90-days correlation between Johnson Johnson and AbbVie Inc is -0.1 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Johnson Johnson moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Johnson Johnson moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Johnson Johnson Correlation With Market

Poor diversification

The correlation between Johnson Johnson and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Johnson Johnson and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Johnson Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Johnson Johnson. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

For more information on how to buy Johnson Stock please use our How to buy in Johnson Stock guide.

Moving together with Johnson Stock

0.81	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.73	LPCN	Lipocine	Pair Corr
0.74	AMKBY	AP Moeller Maersk	Pair Corr
0.81	NVR	NVR Inc	Pair Corr
0.88	RBGPF	Reckitt Benckiser	Pair Corr
0.75	AA	Alcoa Corp	Pair Corr
0.62	CSCO	Cisco Systems Earnings Call This Week	Pair Corr
0.8	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.69	BA	Boeing	Pair Corr
0.72	MCD	McDonalds Earnings Call This Week	Pair Corr
0.88	MRK	Merck Company Aggressive Push	Pair Corr

Moving against Johnson Stock

0.88	MSFT	Microsoft	Pair Corr
0.83	HPQ	HP Inc	Pair Corr
0.4	MMM	3M Company	Pair Corr
0.34	IBM	International Business	Pair Corr

Related Correlations Analysis

	ABBV	NVS	NVO	MRK	AZN	UNH	PFE	AMGN	SNY	GILD
ABBV		-0.17	-0.3	-0.04	0.18	-0.11	0.05	0.36	0.44	-0.01	ABBV
NVS	-0.17		0.7	0.86	0.37	-0.25	0.69	0.59	-0.7	0.72	NVS
NVO	-0.3	0.7		0.59	0.24	0.21	0.34	0.21	-0.63	0.33	NVO
MRK	-0.04	0.86	0.59		0.42	-0.1	0.67	0.6	-0.69	0.53	MRK
AZN	0.18	0.37	0.24	0.42		-0.18	0.21	0.39	-0.15	0.28	AZN
UNH	-0.11	-0.25	0.21	-0.1	-0.18		-0.42	-0.41	0.05	-0.69	UNH
PFE	0.05	0.69	0.34	0.67	0.21	-0.42		0.61	-0.46	0.68	PFE
AMGN	0.36	0.59	0.21	0.6	0.39	-0.41	0.61		-0.17	0.71	AMGN
SNY	0.44	-0.7	-0.63	-0.69	-0.15	0.05	-0.46	-0.17		-0.4	SNY
GILD	-0.01	0.72	0.33	0.53	0.28	-0.69	0.68	0.71	-0.4		GILD
	ABBV	NVS	NVO	MRK	AZN	UNH	PFE	AMGN	SNY	GILD

Please upgrade your account to get full access to Macroaxis premium features

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

MRK	+ 0.86	NVS
GILD	+ 0.72	NVS
GILD	+ 0.71	AMGN
NVO	+ 0.7	NVS
PFE	+ 0.69	NVS
GILD	+ 0.68	PFE

High negative correlations

SNY	- 0.7	NVS
GILD	- 0.69	UNH
SNY	- 0.69	MRK
SNY	- 0.63	NVO
SNY	- 0.46	PFE
PFE	- 0.42	UNH

Risk-Adjusted Indicators

There is a big difference between Johnson Stock performing well and Johnson Johnson Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Johnson Johnson's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ABBV	1.17	0.02	(0.01)	0.44	1.68	(1.10)	2.95	(2.86)	8.22
NVS	0.95	0.31	0.26	0.50	0.73	(1.11)	2.59	(2.06)	6.07
NVO	2.46	(0.22)	0.00	(0.07)	0.00	0.00	5.80	(5.58)	23.77
MRK	1.32	0.48	0.32	0.86	1.07	(1.63)	3.59	(1.98)	8.09
AZN	14.81	5.09	0.25	(0.80)	13.36	(15.80)	99.37	(50.32)	159.13
UNH	1.70	(0.38)	0.00	(0.19)	0.00	0.00	2.75	(2.67)	24.28
PFE	1.13	0.20	0.10	(11.28)	1.26	(1.17)	2.40	(2.42)	7.97
AMGN	1.36	0.31	0.19	0.44	1.18	(1.48)	3.81	(2.59)	11.18
SNY	1.04	(0.12)	0.00	(0.17)	0.00	0.00	1.87	(2.19)	5.92
GILD	1.35	0.34	0.20	2.46	1.24	(1.54)	3.01	(2.41)	6.70

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC