Correlation Analysis
Expedia Group, Inc. Common Stock vs NetFlix Inc
EXPE vs NFLX
+0.697
Strong positive
When one moves up, the other tends to follow.
Expedia Group, Inc. Common Stock
↗EXPE
Expedia is the world's second-largest online travel agency by bookings, offering services for lodging (80% of total 2025 sales), air tickets (3%), rental cars, cruises, in-destination, and other (9%), and advertising revenue (8%). Expedia operates a number of branded travel booking sites, but its three core online travel agency brands are Expedia, Hotels.com, and alternative accommodations brand Vrbo. It also has a metasearch brand, Trivago. Transaction fees for online bookings account for the bulk of sales and profits.
Market cap 28.1B · 16,000 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 EXPE by 6 days
NFLX tends to move before EXPE.
After testing 13 timing shifts, the strongest relationship was +0.717 (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
+0.183
12 periods · Return correlation when both series rose
Both Falling
+0.980
6 periods · Return correlation when both series fell
Diverging
-0.543
17 periods · Return correlation when series moved apart
R-Squared
48.5%
Share of variance in one series explained by the other.
Trend Agreement
59.4%
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: [0.667, 0.724]
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
Expedia Group, Inc. Common Stock
EXPE
Market cap 28.1B · 16,000 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
32
Estimated crossover points between normalized spreads.
Slope
0.4529
Linear regression slope.
Intercept
-7.5946
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
EXPE
Expedia Group, Inc. Common Stock
Highest
+0.778
JPMorgan Chase & Co.
JPM · 1,254 data points
Lowest
+0.112
Exxon Mobil Corporation
XOM · 1,254 data points
Saved 7 hours ago · ID: stock-expe-vs-stock-nflx-daily