Correlation Analysis
The Kraft Heinz Company Common Stock vs NetFlix Inc
KHC vs NFLX
-0.812
Strong inverse
When one moves up, the other tends to move down.
The Kraft Heinz Company Common Stock
↗KHC
In July 2015, Kraft merged with Heinz to create one of North America's largest food and beverage manufacturers. Beyond its namesake brands, its portfolio includes Oscar Mayer, Velveeta, and Philadelphia. While the retail channel drives around 85% of its total sales, the firm also maintains a growing foodservice presence. Outside North America, Kraft Heinz's global reach encompasses a distribution network in Europe and emerging markets, which accounts for around 25% of its consolidated sales base. The company's products are sold in more than 190 countries and territories.
Market cap 27.9B · 35,000 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 KHC by 6 days
NFLX tends to move before KHC.
After testing 13 timing shifts, the strongest relationship was -0.813 (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
-0.013
10 periods · Return correlation when both series rose
Both Falling
-0.206
9 periods · Return correlation when both series fell
Diverging
-0.430
16 periods · Return correlation when series moved apart
R-Squared
65.9%
Share of variance in one series explained by the other.
Trend Agreement
47.7%
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: [-0.830, -0.792]
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 Kraft Heinz Company Common Stock
KHC
Market cap 27.9B · 35,000 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
13
Estimated crossover points between normalized spreads.
Slope
-4.6472
Linear regression slope.
Intercept
221.3130
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
KHC
The Kraft Heinz Company Common Stock
Highest
-0.412
Johnson & Johnson
JNJ · 1,254 data points
Lowest
-0.903
Broadcom Inc. Common Stock
AVGO · 1,254 data points
Saved 7 hours ago · ID: stock-khc-vs-stock-nflx-daily