Correlation Analysis
NetFlix Inc vs Reddit, Inc.
NFLX vs RDDT
+0.706
Strong positive
When one moves up, the other tends to follow.
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
Reddit, Inc.
↗RDDT
Reddit is a social media platform where users can engage in conversations, explore, and create communities centered around their interests. Founded in 2005 by Steve Huffman and Alexis Ohanian, Reddit has evolved into a vast network of user-generated content organized into specialized forums known as "subreddits." The platform's unique community-driven model relies on volunteer moderators to manage content and maintain subreddit guidelines. Reddit generates revenue through advertising, Premium Memberships, and data licensing agreements.
Market cap 26.4B · 2,555 employees
Time Series
Relative Performance
Who Moves First
NFLX leads RDDT by 6 days
NFLX tends to move before RDDT.
After testing 13 timing shifts, the strongest relationship was +0.722 (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
+0.139
15 periods · Return correlation when both series rose
Both Falling
-0.608
9 periods · Return correlation when both series fell
Diverging
-0.640
11 periods · Return correlation when series moved apart
R-Squared
49.8%
Share of variance in one series explained by the other.
Trend Agreement
58.8%
How often both series moved in the same direction period-to-period.
Overlap Quality
512
Robust shared window — 512 usable pairs.
Significance
p < 0.001
95% CI: [0.659, 0.747]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
512 paired data points survived the daily window.
Raw input
1,254
512
Normalized
1,254
512
Prepared
1,254
512
Aligned
512
512
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
742
A: 742 / B: 0
Series A
NetFlix Inc
NFLX
Market cap 417.7B
Stock · 1,254 raw → 1,254 prepared
Series B
Reddit, Inc.
RDDT
Market cap 26.4B · 2,555 employees
Stock · 512 raw → 512 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
10
Estimated crossover points between normalized spreads.
Slope
2.0896
Linear regression slope.
Intercept
-55.4893
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
Saved 7 hours ago · ID: stock-nflx-vs-stock-rddt-daily