Correlation Analysis
NetFlix Inc vs Symbotic Inc. Class A Common Stock
NFLX vs SYM
+0.527
Moderate 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
Symbotic Inc. Class A Common Stock
↗SYM
Symbotic Inc. is an automation technology company that develops solutions to improve operating efficiencies in modern warehouses. The group designs, commercializes, and deploys end-to-end technology systems that significantly enhance supply chain operations. The company automates the processing of pallets, cases, and individual items within warehouse environments. Its systems strengthen operations at the front end of the supply chain and provide benefits to all supply partners downstream. The company operates in two geographical regions: the United States and international markets, with the majority of its revenue generated in the United States.
Market cap 6.7B · 2,000 employees
Time Series
Relative Performance
Who Moves First
NFLX leads SYM by 6 days
NFLX tends to move before SYM.
After testing 13 timing shifts, the strongest relationship was +0.535 (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
+0.009
12 periods · Return correlation when both series rose
Both Falling
+0.178
8 periods · Return correlation when both series fell
Diverging
-0.758
15 periods · Return correlation when series moved apart
R-Squared
27.8%
Share of variance in one series explained by the other.
Trend Agreement
55.7%
How often both series moved in the same direction period-to-period.
Overlap Quality
960
Deep shared window — 960 usable pairs.
Significance
p < 0.001
95% CI: [0.479, 0.571]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
960 paired data points survived the daily window.
Raw input
1,254
960
Normalized
1,254
960
Prepared
1,254
960
Aligned
960
960
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
294
A: 294 / B: 0
Series A
NetFlix Inc
NFLX
Market cap 417.7B
Stock · 1,254 raw → 1,254 prepared
Series B
Symbotic Inc. Class A Common Stock
SYM
Market cap 6.7B · 2,000 employees
Stock · 960 raw → 960 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
15
Estimated crossover points between normalized spreads.
Slope
0.2641
Linear regression slope.
Intercept
17.3982
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
SYM
Symbotic Inc. Class A Common Stock
Highest
+0.736
Alphabet Inc. Class C Capital Stock
GOOG · 960 data points
Lowest
+0.413
Exxon Mobil Corporation
XOM · 960 data points
Saved 5 hours ago · ID: stock-nflx-vs-stock-sym-daily