Correlation Analysis
NetFlix Inc vs Occidental Petroleum Corporation
NFLX vs OXY
-0.422
Moderate inverse
When one moves up, the other tends to move down.
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
Occidental Petroleum Corporation
↗OXY
Occidental Petroleum is an independent exploration and production company with operations in the United States, Latin America, and the Middle East. At the end of 2024, the company reported net proved reserves of 4.6 billion barrels of oil equivalent. Net production averaged 1.326 million barrels of oil equivalent per day in 2024 at a ratio of roughly 52% oil and natural gas liquids and 48% natural gas.
Market cap 62.4B · 10,412 employees
Time Series
Relative Performance
Who Moves First
NFLX leads OXY by 6 days
NFLX tends to move before OXY.
After testing 13 timing shifts, the strongest relationship was -0.439 (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
+0.201
12 periods · Return correlation when both series rose
Both Falling
+0.604
6 periods · Return correlation when both series fell
Diverging
-0.707
17 periods · Return correlation when series moved apart
R-Squared
17.8%
Share of variance in one series explained by the other.
Trend Agreement
50.8%
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: [-0.467, -0.376]
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
NetFlix Inc
NFLX
Market cap 417.7B
Stock · 1,254 raw → 1,254 prepared
Series B
Occidental Petroleum Corporation
OXY
Market cap 62.4B · 10,412 employees
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
2
Estimated crossover points between normalized spreads.
Slope
-0.1812
Linear regression slope.
Intercept
62.6943
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
NFLX
NetFlix Inc
Highest
+0.928
Royal Caribbean Group
RCL · 1,254 data points
Lowest
-0.813
United Parcel Service, Inc. Class B
UPS · 1,254 data points
OXY
Occidental Petroleum Corporation
Highest
+0.593
Exxon Mobil Corporation
XOM · 1,254 data points
Lowest
-0.478
Amazon.Com Inc
AMZN · 1,254 data points
Saved 4 hours ago · ID: stock-nflx-vs-stock-oxy-daily