Correlation Analysis
LyondellBasell Industries N.V. Class A vs NetFlix Inc
LYB vs NFLX
-0.734
Strong inverse
When one moves up, the other tends to move down.
LyondellBasell Industries N.V. Class A
↗LYB
LyondellBasell is a petrochemical producer with operations in the United States, Europe, and Asia. The company is the world's largest producer of polypropylene and also a major producer of polyethylene and propylene oxide. Its chemicals are used in various consumer and industrial end products. Well over half of LyondellBasell's production comes from its North American operations.
Market cap 25.3B · 18,970 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 LYB by 6 days
NFLX tends to move before LYB.
After testing 13 timing shifts, the strongest relationship was -0.738 (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
+0.472
10 periods · Return correlation when both series rose
Both Falling
+0.597
8 periods · Return correlation when both series fell
Diverging
-0.531
17 periods · Return correlation when series moved apart
R-Squared
53.8%
Share of variance in one series explained by the other.
Trend Agreement
51.8%
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: [-0.758, -0.707]
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
LyondellBasell Industries N.V. Class A
LYB
Market cap 25.3B · 18,970 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
11
Estimated crossover points between normalized spreads.
Slope
-1.2422
Linear regression slope.
Intercept
168.2302
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
LYB
LyondellBasell Industries N.V. Class A
Highest
-0.412
Johnson & Johnson
JNJ · 1,254 data points
Lowest
-0.831
Broadcom Inc. Common Stock
AVGO · 1,254 data points
Saved 7 hours ago · ID: stock-lyb-vs-stock-nflx-daily