Correlation Analysis
NetFlix Inc vs Block, Inc.
NFLX vs XYZ
+0.401
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
Block, Inc.
↗XYZ
Founded in 2009, Block provides payment services to merchants, along with related services. The company also launched Cash App, a person-to-person payment network. In 2024, Square's payment volume was almost USD 250 million.
Market cap 36.4B · 10,205 employees
Time Series
Relative Performance
Who Moves First
NFLX leads XYZ by 6 days
NFLX tends to move before XYZ.
After testing 13 timing shifts, the strongest relationship was +0.472 (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
+0.569
10 periods · Return correlation when both series rose
Both Falling
+0.420
12 periods · Return correlation when both series fell
Diverging
-0.595
13 periods · Return correlation when series moved apart
R-Squared
16.1%
Share of variance in one series explained by the other.
Trend Agreement
62.6%
How often both series moved in the same direction period-to-period.
Overlap Quality
304
Robust shared window — 304 usable pairs.
Significance
p < 0.001
95% CI: [0.302, 0.491]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
304 paired data points survived the daily window.
Raw input
1,254
304
Normalized
1,254
304
Prepared
1,254
304
Aligned
304
304
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
950
A: 950 / B: 0
Series A
NetFlix Inc
NFLX
Market cap 417.7B
Stock · 1,254 raw → 1,254 prepared
Series B
Block, Inc.
XYZ
Market cap 36.4B · 10,205 employees
Stock · 304 raw → 304 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
12
Estimated crossover points between normalized spreads.
Slope
0.2737
Linear regression slope.
Intercept
37.7116
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
Saved 6 hours ago · ID: stock-nflx-vs-stock-xyz-daily