Correlation Analysis
Corteva, Inc. Common Stock vs NetFlix Inc
CTVA vs NFLX
+0.496
Moderate positive
When one moves up, the other tends to follow.
Corteva, Inc. Common Stock
↗CTVA
Corteva is an agricultural inputs pure play that was formed in 2019 when it was spun off from DowDuPont. The company is a leader in the development of new seed and crop protection products. Seeds generate the majority of profits with the remainder coming from crop protection products. Corteva plans to spin off its seeds business in late 2026 and will become a pure-play crop protection company following the divestiture. Corteva operates globally, but around half of revenue comes from North America.
Market cap 56.6B · 21,500 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
in sync
CTVA and NFLX tend to move at the same time.
After testing 13 timing shifts, the strongest relationship was +0.496 (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
+0.799
13 periods · Return correlation when both series rose
Both Falling
+0.911
6 periods · Return correlation when both series fell
Diverging
-0.729
16 periods · Return correlation when series moved apart
R-Squared
24.6%
Share of variance in one series explained by the other.
Trend Agreement
53.4%
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: [0.453, 0.537]
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
Corteva, Inc. Common Stock
CTVA
Market cap 56.6B · 21,500 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
18
Estimated crossover points between normalized spreads.
Slope
1.6642
Linear regression slope.
Intercept
-33.7376
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
CTVA
Corteva, Inc. Common Stock
Highest
+0.739
Exxon Mobil Corporation
XOM · 1,254 data points
Lowest
+0.487
Johnson & Johnson
JNJ · 1,254 data points
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