Correlation Analysis
Fiserv, Inc. Common Stock vs NetFlix Inc
FISV vs NFLX
-0.632
Moderate inverse
When one moves up, the other tends to move down.
Fiserv, Inc. Common Stock
↗FISV
Fiserv is a leading provider of core processing and complementary services, such as electronic funds transfer, payment processing, and loan processing, for US banks and credit unions, with a focus on small and midsize banks. Following its 2019 merger with First Data, Fiserv also provides payment processing services to merchants. About 10% of the company's revenue is generated internationally.
Market cap 30B · 38,000 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
in sync
FISV and NFLX tend to move at the same time.
After testing 13 timing shifts, the strongest relationship was -0.632 (they moved in opposite directions).
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
+0.373
6 periods · Return correlation when both series rose
Both Falling
+0.347
8 periods · Return correlation when both series fell
Diverging
-0.950
21 periods · Return correlation when series moved apart
R-Squared
39.9%
Share of variance in one series explained by the other.
Trend Agreement
64.1%
How often both series moved in the same direction period-to-period.
Overlap Quality
644
Robust shared window — 644 usable pairs.
Significance
p < 0.001
95% CI: [-0.676, -0.583]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
644 paired data points survived the daily window.
Raw input
644
1,254
Normalized
644
1,254
Prepared
644
1,254
Aligned
644
644
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
610
A: 0 / B: 610
Series A
Fiserv, Inc. Common Stock
FISV
Market cap 30B · 38,000 employees
Stock · 644 raw → 644 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
3
Estimated crossover points between normalized spreads.
Slope
-0.8764
Linear regression slope.
Intercept
134.5513
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
Saved 7 hours ago · ID: stock-fisv-vs-stock-nflx-daily