Correlation Analysis
GE Vernova Inc. vs NetFlix Inc
GEV vs NFLX
+0.619
Moderate positive
When one moves up, the other tends to follow.
GE Vernova Inc.
↗GEV
GE Vernova is a global leader in the electric power industry, with products and services that generate, transfer, convert, and store electricity. The company has three business segments: power, wind, and electrification. Power includes gas, nuclear, hydroelectric, and steam technologies, providing dispatchable power. The wind segment includes wind generation technologies, inclusive of onshore and offshore wind turbines and blades. Electrification includes grid solutions, power conversion, electrification software, and solar and storage solutions technologies required for the transmission, distribution, conversion, and storage of electricity from the point of generation to point of consumption.
Market cap 241.3B · 75,000 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
GEV leads NFLX by 5 days
GEV tends to move before NFLX.
After testing 13 timing shifts, the strongest relationship was +0.621 (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
+0.370
17 periods · Return correlation when both series rose
Both Falling
-0.189
8 periods · Return correlation when both series fell
Diverging
-0.804
10 periods · Return correlation when series moved apart
R-Squared
38.3%
Share of variance in one series explained by the other.
Trend Agreement
59.1%
How often both series moved in the same direction period-to-period.
Overlap Quality
505
Robust shared window — 505 usable pairs.
Significance
p < 0.001
95% CI: [0.562, 0.670]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
505 paired data points survived the daily window.
Raw input
505
1,254
Normalized
505
1,254
Prepared
505
1,254
Aligned
505
505
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
749
A: 0 / B: 749
Series A
GE Vernova Inc.
GEV
Market cap 241.3B · 75,000 employees
Stock · 505 raw → 505 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
0.0618
Linear regression slope.
Intercept
65.6344
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
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