Correlation Analysis
American International Group, Inc. vs NetFlix Inc
AIG vs NFLX
+0.801
Strong positive
When one moves up, the other tends to follow.
American International Group, Inc.
↗AIG
American International Group is one of the largest insurance and financial services firms in the world and has a global footprint. It operates through a wide range of subsidiaries that provide property, casualty, and life insurance. The company recently spun off its life insurance operations (Corebridge), but still retains a minority stake.
Market cap 40.9B · 22,100 employees
NetFlix Inc
↗NFLX
Netflix's relatively simple business model involves only one business, its streaming service. It has the biggest television entertainment subscriber base in both the United States and the collective international market, with more than 300 million subscribers globally. Netflix has exposure to nearly the entire global population outside of China. The firm has traditionally avoided a regular slate of live programming or sports content, instead focusing on on-demand access to episodic television, movies, and documentaries. The firm introduced ad-supported subscription plans in 2022, giving the firm exposure to the advertising market in addition to the subscription fees that have historically accounted for nearly all its revenue.
Market cap 417.7B
Time Series
Relative Performance
Who Moves First
AIG leads NFLX by 6 days
AIG tends to move before NFLX.
After testing 13 timing shifts, the strongest relationship was +0.802 (they moved in the same direction).
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
-0.105
13 periods · Return correlation when both series rose
Both Falling
N/A
4 periods · Return correlation when both series fell
Diverging
-0.647
18 periods · Return correlation when series moved apart
R-Squared
64.2%
Share of variance in one series explained by the other.
Trend Agreement
52.9%
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: [0.781, 0.820]
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
American International Group, Inc.
AIG
Market cap 40.9B · 22,100 employees
Stock · 1,254 raw → 1,254 prepared
Series B
NetFlix Inc
NFLX
Market cap 417.7B
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
14
Estimated crossover points between normalized spreads.
Slope
2.1451
Linear regression slope.
Intercept
-79.5901
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
AIG
American International Group, Inc.
Highest
+0.941
BERKSHIRE HATHAWAY Class B
BRK.B · 1,254 data points
Lowest
+0.126
Johnson & Johnson
JNJ · 1,254 data points
Saved 7 hours ago · ID: stock-aig-vs-stock-nflx-daily