Netflix Correlations
| NFLX34 Stock | BRL 136.84 3.26 2.33% |
The current 90-days correlation between Netflix and CVS Health is 0.14 (i.e., Average 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
Significant diversification
The correlation between Netflix and DJI is 0.08 (i.e., Significant diversification) 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.
Netflix |
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 together with Netflix Stock
| 0.88 | DISB34 | Walt Disney | PairCorr |
| 0.82 | P2LT34 | Palantir Technologies | PairCorr |
| 0.73 | T1TW34 | Take Two Interactive | PairCorr |
| 0.67 | SAPP34 | SAP SE Earnings Call This Week | PairCorr |
| 0.68 | S2EA34 | Sea Limited | PairCorr |
| 0.83 | WHRL3 | Whirlpool SA | PairCorr |
| 0.86 | TSMC34 | Taiwan Semiconductor | PairCorr |
| 0.88 | BBDC4 | Banco Bradesco SA | PairCorr |
| 0.82 | A1GI34 | Agilent Technologies | PairCorr |
| 0.77 | T1EC34 | TechnipFMC plc Earnings Call This Week | PairCorr |
| 0.86 | P2AX34 | Patria Investments | PairCorr |
| 0.62 | ASAI3 | Sendas Distribuidora | PairCorr |
| 0.84 | M1LC34 | Melco Resorts Entert | PairCorr |
| 0.83 | D1DG34 | Datadog, | PairCorr |
| 0.67 | A1LL34 | Bread Financial Holdings Earnings Call This Week | PairCorr |
Moving against Netflix Stock
| 0.54 | PDGR3 | PDG Realty SA | PairCorr |
| 0.35 | I1QV34 | IQVIA Holdings Earnings Call Tomorrow | PairCorr |
| 0.31 | OSXB3 | OSX Brasil SA | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CINF34 | 0.07 | 0.03 | 0.00 | (2.52) | 0.00 | 0.00 | 2.36 | |||
| O2HI34 | 0.68 | (0.01) | 0.00 | 0.20 | 0.00 | 2.06 | 5.47 | |||
| EAIN34 | 1.28 | (0.05) | 0.00 | (0.15) | 0.00 | 2.79 | 8.12 | |||
| H1IG34 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.40 | |||
| CVSH34 | 1.42 | (0.24) | 0.00 | (0.98) | 0.00 | 3.18 | 10.22 | |||
| P1SA34 | 0.54 | (0.06) | 0.00 | (0.23) | 0.00 | 1.14 | 8.06 | |||
| U1HS34 | 0.61 | (0.15) | 0.00 | (0.45) | 0.00 | 1.50 | 8.03 | |||
| A1MP34 | 1.04 | 0.13 | 0.01 | 1.18 | 1.14 | 2.50 | 8.75 |
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 Fundamentals Comparison Now
Fundamentals ComparisonCompare fundamentals across multiple equities to find investing opportunities |
| 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.
| Theodore Sarandos | Chief Content Officer | Profile | |
| Wilmot Hastings | Chairman, CoFounder | Profile | |
| Bela Bajaria | Head TV | Profile | |
| Gregory Peters | Chief Product Officer | Profile | |
| William Holmes | Global Devel | Profile | |
| Marian Lee | Chief Officer | Profile |