SeriesMagCorrOverlapThrough
These move together about 64% of the time
Strong positive
Strong enough to use as a signal — read the stability and regime notes below before relying on it.
Alphabet is a holding company that wholly owns internet giant Google. The California-based company derives slightly less than 90% of its revenue from Google services, the vast majority of which is advertising sales. Alongside online ads, Google services houses sales stemming from Google's subscription services (YouTube TV and YouTube Music, among others), platforms (sales and in-app purchases on Play Store), and devices (Chromebooks, Pixel smartphones, and smart home products such as Chromecast). Google's cloud computing platform accounts for roughly 10% of Alphabet's revenue. The firm's investments in up-and-coming technologies such as self-driving cars (Waymo), health (Verily), and interne
Market cap 4.7T · 190,820 employees
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 ac
What to Watch
Unusual right now
Recent correlation (-53%) is 3.3σ from the long-run average of +72% — pair is behaving differently than usual.
Holds across regimes
Correlation is similar when markets rise (+31%) and fall (+32%) — reliable in both directions.
Regime-dependent
The correlation has flipped sign across time windows — not reliable as a standalone signal.
Time Series
Time-Shifted Correlation
See how correlation changes when one series is offset in time. A taller bar at a non-zero shift means the two move together better when one leads the other — that's a potential lead/lag signal.
Correlation by shift
Click a bar to inspect. Range: -6 to 6 days.
Selected shift
No shift
Correlation at this shift
+72%
No shift — both series at their actual dates.
1,255 overlapping points at this shift
Time series with NetFlix Inc at original dates
Indexed to 100 at start
Deep Dive
Stability
How the correlation evolves over time. A stable line means the relationship is reliable; large swings signal regime-dependent behavior.
Corr
+72%
Pearson correlation
95% CI
+70% → +75%
Likely range
R²
52.4%
Variance explained
Trend agreement
63.6%
Same-direction moves
Significance
p < 0.001
Statistical confidence
Data points
1,255
Deep
Pipeline
Pipeline Summary
1,255 paired data points survived the daily window.
Raw input
1,255
1,255
Normalized
1,255
1,255
Prepared
1,255
1,255
Aligned
1,255
1,255
Invalid removed
Explore
The strongest positive and inverse pairs we’ve saved for each side of this comparison — good jumping-off points if this result raised a question.
Market cap 384.7B · 16,000 employees
Do They Crash Together?
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
+31%
104 periods · Return correlation when both series rose
Both Falling
+32%
89 periods · Return correlation when both series fell
Diverging
-39%
56 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
0
A: 0 / B: 0
Series A
Alphabet Inc. Class A Common Stock
GOOGL
Market cap 4.7T · 190,820 employees
Stock · 1,255 raw → 1,255 prepared
Series B
NetFlix Inc
NFLX
Market cap 384.7B · 16,000 employees
Stock · 1,255 raw → 1,255 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
35
Estimated crossover points between normalized spreads.
Slope
0.3619
Linear regression slope.
Intercept
4.3052
Linear regression intercept.
Saved 2 hours ago · ID: stock-googl_stock-nflx_5y
NFLX
NetFlix Inc
Strongest positive