Correlation Analysis
Mondelez International, Inc. Class A vs NetFlix Inc
MDLZ vs NFLX
-0.230
Light inverse
When one moves up, the other tends to move down.
Mondelez International, Inc. Class A
↗MDLZ
Mondelez has operated independently since its split from the former Kraft Foods North American grocery business in October 2012. The firm is a leading player in the global snack enclave with a presence in the biscuit (48% of sales as of the end of fiscal 2025), chocolate (33%), gum/candy (10%), beverage (3%), and cheese and grocery (6%) aisles. Mondelez's portfolio includes well-known brands like Oreo, Chips Ahoy, Halls, and Cadbury. The firm derives around one-third of its revenue from developing markets, around 40% from Europe, and more than one-fourth from North America.
Market cap 74.9B · 91,000 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 MDLZ by 6 days
NFLX tends to move before MDLZ.
After testing 13 timing shifts, the strongest relationship was -0.244 (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
-0.410
11 periods · Return correlation when both series rose
Both Falling
-0.013
6 periods · Return correlation when both series fell
Diverging
-0.752
18 periods · Return correlation when series moved apart
R-Squared
5.3%
Share of variance in one series explained by the other.
Trend Agreement
53.1%
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: [-0.282, -0.177]
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
Mondelez International, Inc. Class A
MDLZ
Market cap 74.9B · 91,000 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
18
Estimated crossover points between normalized spreads.
Slope
-1.3279
Linear regression slope.
Intercept
148.5783
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
MDLZ
Mondelez International, Inc. Class A
Highest
+0.120
Exxon Mobil Corporation
XOM · 1,254 data points
Lowest
-0.584
Tesla, Inc. Common Stock
TSLA · 1,254 data points
Saved 7 hours ago · ID: stock-mdlz-vs-stock-nflx-daily