Correlation Analysis
Circle Internet Group, Inc. vs NetFlix Inc
CRCL vs NFLX
+0.767
Strong positive
When one moves up, the other tends to follow.
Circle Internet Group, Inc.
↗CRCL
Circle Internet Group Inc is a financial technology firm engaged in digital currencies and public blockchains for payments, commerce, and financial applications. The company's platform is a full-stack, internet financial platform business, organized around three pillars: Arc Blockchain and Developer Infrastructure, Circle Digital Assets and Services, and Circle Applications.
Market cap 22.8B · 1,100 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
CRCL leads NFLX by 3 days
CRCL tends to move before NFLX.
After testing 13 timing shifts, the strongest relationship was +0.775 (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
N/A
4 periods · Return correlation when both series rose
Both Falling
+0.487
9 periods · Return correlation when both series fell
Diverging
-0.610
22 periods · Return correlation when series moved apart
R-Squared
58.9%
Share of variance in one series explained by the other.
Trend Agreement
61.1%
How often both series moved in the same direction period-to-period.
Overlap Quality
210
Usable shared window — 210 usable pairs.
Significance
p < 0.001
95% CI: [0.705, 0.818]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
210 paired data points survived the daily window.
Raw input
210
1,254
Normalized
210
1,254
Prepared
210
1,254
Aligned
210
210
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
1,044
A: 0 / B: 1044
Series A
Circle Internet Group, Inc.
CRCL
Market cap 22.8B · 1,100 employees
Stock · 210 raw → 210 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
18
Estimated crossover points between normalized spreads.
Slope
0.2700
Linear regression slope.
Intercept
75.4208
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
Saved 4 hours ago · ID: stock-crcl-vs-stock-nflx-daily