SeriesMagCorrOverlapThrough
These move together about 59% of the time
Strong positive
Strong enough to use as a signal — read the stability and regime notes below before relying on it.
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
Market cap 384.7B · 16,000 employees
Linde is the largest industrial gas supplier in the world, with operations in over 100 countries. The firm's main products are atmospheric gases (including oxygen, nitrogen, and argon) and process gases (including hydrogen, carbon dioxide, and helium), as well as equipment used in industrial gas production. Linde serves a wide variety of end markets, including chemicals, manufacturing, healthcare, and steelmaking. Linde generated approximately $34 billion in revenue in 2025.
What to Watch
Unusual right now
Recent correlation (+3%) is 2.6σ from the long-run average of +77% — pair is behaving differently than usual.
Tighter in drawdowns
Pair moves more tightly when both fall (+39%) than when both rise (+6%) — typical risk-off behaviour.
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
+77%
No shift — both series at their actual dates.
1,255 overlapping points at this shift
Time series with Linde plc Ordinary Share 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
+77%
Pearson correlation
95% CI
+75% → +79%
Likely range
R²
59.6%
Variance explained
Trend agreement
58.9%
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 234.8B · 65,177 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
+6%
98 periods · Return correlation when both series rose
Both Falling
+39%
89 periods · Return correlation when both series fell
Diverging
-60%
62 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
NetFlix Inc
NFLX
Market cap 384.7B · 16,000 employees
Stock · 1,255 raw → 1,255 prepared
Series B
Linde plc Ordinary Share
LIN
Market cap 234.8B · 65,177 employees
Stock · 1,255 raw → 1,255 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
17
Estimated crossover points between normalized spreads.
Slope
1.7473
Linear regression slope.
Intercept
278.4372
Linear regression intercept.
Saved 2 hours ago · ID: stock-lin_stock-nflx_5y
LIN
Linde plc Ordinary Share
Strongest positive