Correlation Analysis
Astera Labs, Inc. Common Stock vs NetFlix Inc
ALAB vs NFLX
+0.595
Moderate positive
When one moves up, the other tends to follow.
Astera Labs, Inc. Common Stock
↗ALAB
Astera Labs Inc designs and delivers semiconductor-based connectivity solutions for cloud and AI infrastructure. Its Intelligent Connectivity Platform integrates semiconductor technology, microcontrollers, sensors, and software to enhance performance, scalability, and data management. The company offers products such as integrated circuits (ICs), boards, and modules, catering to hyperscalers and system OEMs. The company's solutions focus on data, network, and memory management in AI-driven platforms. Geographically, the company operates in Singapore, China, Taiwan, and United States, of which maximum revenue is derived from United States.
Market cap 20.1B · 756 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
NFLX leads ALAB by 6 days
NFLX tends to move before ALAB.
After testing 13 timing shifts, the strongest relationship was +0.626 (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
-0.010
10 periods · Return correlation when both series rose
Both Falling
-0.565
11 periods · Return correlation when both series fell
Diverging
-0.757
14 periods · Return correlation when series moved apart
R-Squared
35.4%
Share of variance in one series explained by the other.
Trend Agreement
57.0%
How often both series moved in the same direction period-to-period.
Overlap Quality
513
Robust shared window — 513 usable pairs.
Significance
p < 0.001
95% CI: [0.536, 0.648]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
513 paired data points survived the daily window.
Raw input
513
1,254
Normalized
513
1,254
Prepared
513
1,254
Aligned
513
513
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
741
A: 0 / B: 741
Series A
Astera Labs, Inc. Common Stock
ALAB
Market cap 20.1B · 756 employees
Stock · 513 raw → 513 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
19
Estimated crossover points between normalized spreads.
Slope
0.2592
Linear regression slope.
Intercept
64.1826
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
Saved 7 hours ago · ID: stock-alab-vs-stock-nflx-daily