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Correlation Analysis

Robinhood Markets, Inc. Class A Common Stock vs NetFlix Inc

HOOD vs NFLX

+0.836

Strong positive

When one moves up, the other tends to follow.

HOOD logo

Robinhood Markets, Inc. Class A Common Stock

HOOD

Robinhood is a diversified financial services provider best known for its retail brokerage platform, which historically caters to a young, risk-seeking clientele that trades heavily on margin and in higher-risk asset classes like options, futures, cryptocurrencies, and more recently, in prediction markets. As those customers' financial needs have begun to mature, Robinhood has rolled out a suite of more conventional products, from retirement accounts to high-yield cash sweep accounts to nascent advisory services (Robinhood Strategies). With $322 billion in customer assets and 27 million active accounts at year-end 2025, the firm has emerged as a significant player in the large and quickly growing US brokerage market.

Market cap 62.8B · 2,900 employees

NFLX logo

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

Jul 29, 2021 — Apr 7, 2026Daily1,177 data pointsStockStockConsumer

Time Series

Relative Performance

Green: HOODGray: NFLX36 of 1,177 points (sampled)

Who Moves First

NFLX leads HOOD by 6 days

NFLX tends to move before HOOD.

After testing 13 timing shifts, the strongest relationship was +0.850 (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

+0.462

16 periods · Return correlation when both series rose

Both Falling

+0.312

8 periods · Return correlation when both series fell

Diverging

-0.620

11 periods · Return correlation when series moved apart

R-Squared

69.9%

Share of variance in one series explained by the other.

Trend Agreement

65.0%

How often both series moved in the same direction period-to-period.

Overlap Quality

1,177

Deep shared window — 1,177 usable pairs.

Significance

p < 0.001

95% CI: [0.818, 0.852]

Scatter

XY Regression

-1.1020406080100120140140.110.120406080100120130.9Robinhood Markets, Inc. Class A Common StockNetFlix IncData pointsFit (r = 0.836)

Pipeline

Data quality details

Pipeline Summary

1,177 paired data points survived the daily window.

Raw input

1,177

1,254

Normalized

1,177

1,254

Prepared

1,177

1,254

Aligned

1,177

1,177

Invalid removed

0

A: 0 / B: 0

Duplicates removed

0

A: 0 / B: 0

Alignment drops

77

A: 0 / B: 77

Series A

HOOD logo

Robinhood Markets, Inc. Class A Common Stock

HOOD

Market cap 62.8B · 2,900 employees

Stock · 1,177 raw → 1,177 prepared

Series B

NFLX logo

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

25

Estimated crossover points between normalized spreads.

Slope

0.7120

Linear regression slope.

Intercept

37.0591

Linear regression intercept.

Related Extremes

Highest and Lowest Correlated

Saved 7 hours ago · ID: stock-hood-vs-stock-nflx-daily