Correlation Analysis
The Hartford Insurance Group, Inc. vs NetFlix Inc
HIG vs NFLX
+0.875
Very strong positive
When one moves up, the other tends to follow.
The Hartford Insurance Group, Inc.
↗HIG
The Hartford Insurance Group Inc. provides property and casualty insurance, group benefits, and mutual funds. The company is widely recognized for its service excellence, sustainability practices, trust, and integrity. The Company currently conducts business principally in five reportable segments, including Business Insurance, Personal Insurance, Property & Casualty Other Operations, Employee Benefits, and Hartford Funds, as well as a Corporate category. The company generates a majority of its revenue from Business Insurance.
Market cap 37.6B · 19,200 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
HIG leads NFLX by 4 days
HIG tends to move before NFLX.
After testing 13 timing shifts, the strongest relationship was +0.875 (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
+0.530
14 periods · Return correlation when both series rose
Both Falling
-0.330
5 periods · Return correlation when both series fell
Diverging
-0.642
16 periods · Return correlation when series moved apart
R-Squared
76.5%
Share of variance in one series explained by the other.
Trend Agreement
53.8%
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: [0.861, 0.887]
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
The Hartford Insurance Group, Inc.
HIG
Market cap 37.6B · 19,200 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
45
Estimated crossover points between normalized spreads.
Slope
1.0357
Linear regression slope.
Intercept
-32.8641
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
HIG
The Hartford Insurance Group, Inc.
Highest
+0.958
Walmart Inc. Common Stock
WMT · 1,254 data points
Lowest
+0.349
Johnson & Johnson
JNJ · 1,254 data points
Saved 7 hours ago · ID: stock-hig-vs-stock-nflx-daily