Netflix Correlations

Stocks . Germany . 
Stock . Netflix
NFC Stock  EUR 69.77  4.22  6.44%   
The current 90-days correlation between Netflix and Boiron SA is -0.18 (i.e., Good diversification). The correlation of Netflix is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Netflix Correlation With Market

Pay attention - limited upside

The correlation between Netflix and DJI is -0.87 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Netflix and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Netflix could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Netflix when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Netflix - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Netflix to buy it.

Moving against Netflix Stock

  0.94C43 Cosmo PharmaceuticalsPairCorr
  0.88NE0 NEXA RESOURCES SA Earnings Call TodayPairCorr
  0.87SHF SNP Schneider NeureiPairCorr
  0.86O7D Arctic Fox LithiumPairCorr
  0.852X0 CortevaPairCorr
  0.81M83 Middle Island ResourcesPairCorr
  0.79SHG Sun Hung Kai Earnings Call TodayPairCorr
  0.79KIN2 Kinross GoldPairCorr
  0.78TEQ Telenor ASAPairCorr
  0.77KIN2 Kinross GoldPairCorr
  0.7230Z0 IPERIONX LTD SPADR10PairCorr
  0.72PUM PUMA SE Earnings Call TodayPairCorr
  0.7CE9 CAE IncPairCorr
  0.69WFK World Fuel ServicesPairCorr
  0.69F5J Mineral ResourcesPairCorr
  0.62EMD ENM Holdings LimitedPairCorr
  0.61WNI WHITE MTNS INSPairCorr
  0.55BFP BBVA Banco Frances Earnings Call This WeekPairCorr
  0.53CWA0 REFINED METALS PPairCorr
  0.52UK8 CubeSmart Earnings Call TodayPairCorr
  0.44FXI FLEXTRONICS INTLPairCorr
  0.377JL BALKAN MINING APairCorr
  0.32AOA Atkore IncPairCorr
  0.95OCBA Oversea Chinese BankingPairCorr
  0.85CIE1 Ciena Earnings Call This WeekPairCorr
  0.85LTT Lattice SemiconductorPairCorr
  0.83CHV ChevronPairCorr
  0.83TWZ Trican Well ServicePairCorr
  0.82W25 West African Resources Earnings Call This WeekPairCorr
  0.82IXD1 Industria de DisenoPairCorr
  0.81NZR NZ REFINING COPairCorr
  0.79LU2 Lumentum HoldingsPairCorr
  0.794OQ1 AGNC Investment CorpPairCorr
  0.78KOM1 KOMATSUPairCorr

Related Correlations Analysis


Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

S9M
+ 0.95
GCB
SEH
+ 0.9
GCB
SEH
+ 0.88
S9M
KGZ
+ 0.8
GCB
KGZ
+ 0.77
S9M
SEH
+ 0.73
KGZ
  

High negative correlations

BON
- 0.31
H1Q
H1Q
- 0.11
WA4
BON
- 0.09
S9M
BON
- 0.08
GCB
BON
- 0.0
SEH

Risk-Adjusted Indicators

There is a big difference between Netflix Stock performing well and Netflix Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Netflix's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Netflix without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Portfolio Holdings Now

   

Portfolio Holdings

Check your current holdings and cash postion to detemine if your portfolio needs rebalancing
All  Next Launch Module

Netflix Corporate Management

Elected by the shareholders, the Netflix's board of directors comprises two types of representatives: Netflix inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Netflix. The board's role is to monitor Netflix's management team and ensure that shareholders' interests are well served. Netflix's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Netflix's outside directors are responsible for providing unbiased perspectives on the board's policies.
Spencer NeumannChief OfficerProfile
Dani DudeckChief OfficerProfile
Wilmot HastingsChairman, CoFounderProfile
Rachel WhetstoneChief OfficerProfile
David HymanChief SecProfile
Jeffrey KarbowskiChief OfficerProfile
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2026 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY