Correlation Analysis
NetFlix Inc vs Teledyne Technologies Incorporated
NFLX vs TDY
+0.744
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
Teledyne Technologies Incorporated
↗TDY
Teledyne Technologies Inc provides enabling technologies to sense, analyze and distribute information for industrial growth markets that require advanced technology and high reliability. The firm operates in four segments: Digital Imaging, Instrumentation, Aerospace and Defense Electronics, and Engineered Systems. The Digital Imaging segment, that derives maximum revenue, includes high-performance sensors, cameras and systems, within the visible, infrared and X-ray spectra for use in industrial, government and medical applications, as well as MEMS and high-performance, high-reliability semiconductors including analog-to-digital and digital-to-analog converters. Geographically, the company operates in United States, Europe, Asia, and All other.
Market cap 29.3B · 15,800 employees
Time Series
Relative Performance
Who Moves First
NFLX leads TDY by 6 days
NFLX tends to move before TDY.
After testing 13 timing shifts, the strongest relationship was +0.746 (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
+0.448
15 periods · Return correlation when both series rose
Both Falling
+0.287
8 periods · Return correlation when both series fell
Diverging
-0.709
12 periods · Return correlation when series moved apart
R-Squared
55.4%
Share of variance in one series explained by the other.
Trend Agreement
58.0%
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: [0.718, 0.768]
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
Teledyne Technologies Incorporated
TDY
Market cap 29.3B · 15,800 employees
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
59
Estimated crossover points between normalized spreads.
Slope
1.5610
Linear regression slope.
Intercept
351.0758
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
TDY
Teledyne Technologies Incorporated
Highest
+0.855
Walmart Inc. Common Stock
WMT · 1,254 data points
Lowest
+0.431
Exxon Mobil Corporation
XOM · 1,254 data points
Saved 5 hours ago · ID: stock-nflx-vs-stock-tdy-daily