Correlation Analysis
NetFlix Inc vs Twilio Inc.
NFLX vs TWLO
+0.063
Weak 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
Twilio Inc.
↗TWLO
Twilio is a cloud-based communications platform-as-a-service company offering communication building blocks that allow for a fully customized customer engagement experience spanning voice, video, chat, and SMS messaging. It does this through various application programming interfaces and prebuilt solution applications aimed at improving customer engagement. The company leverages its Super Network, a global network of carrier relationships, to facilitate high-speed, cost-effective communication.
Market cap 19.9B · 5,587 employees
Time Series
Relative Performance
Who Moves First
NFLX leads TWLO by 6 days
NFLX tends to move before TWLO.
After testing 13 timing shifts, the strongest relationship was +0.074 (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
+0.280
14 periods · Return correlation when both series rose
Both Falling
+0.814
10 periods · Return correlation when both series fell
Diverging
-0.727
11 periods · Return correlation when series moved apart
R-Squared
0.4%
Share of variance in one series explained by the other.
Trend Agreement
65.6%
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 < 0.05
95% CI: [0.008, 0.118]
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
Twilio Inc.
TWLO
Market cap 19.9B · 5,587 employees
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
7
Estimated crossover points between normalized spreads.
Slope
0.1977
Linear regression slope.
Intercept
114.6296
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
Saved 8 hours ago · ID: stock-nflx-vs-stock-twlo-daily