SPOT Spotify Technology S.A.

together opposite · bar = ρ at each lag, −10 … 0 … +10 days · holdout ρ · click a card for the full picture

SPOT vs NFLX

Both indexed to 100 at 2026-05-11.

SPOT NFLX · range 73–150 · 2026-05-11 → 2026-11-06

Same day, ranked by what's left after the market and sector factors are removed ("beyond mkt").

NFLX Netflix, Inc. Common Stock

ρ +0.59beyond mkt +0.42holdout +0.62stable 100%robust

EWD iShares MSCI Sweden ETF

ρ +0.33beyond mkt +0.41holdout +0.21stable 88%robust

GGME Invesco Next Gen Media and Gaming ETF

ρ +0.43beyond mkt +0.31holdout +0.31stable 100%robust

TOGA Tremblant Global ETF

ρ +0.48beyond mkt +0.29holdout +0.47stable 100%robust

IBUY Amplify Online Retail ETF

ρ +0.42beyond mkt +0.24holdout +0.44stable 88%robust

DASH DoorDash, Inc. Class A Common Stock

ρ +0.42beyond mkt +0.20holdout +0.39stable 100%robust

No day-to-day relationship, but 5- or 10-day returns move together.

MORN Morningstar, Inc. Common Stock

horizon 10dρ +0.56holdout +0.71stable 62%moderate

BR Broadridge Financial Solutions Inc

horizon 10dρ +0.55holdout +0.66stable 75%robust

Biggest shifts in same-day correlation over the last 63 trading days versus the year before.

BAI iShares A.I. Innovation and Tech Active ETF

Δ -0.76recent -0.56prior +0.20beyond mkt +0.06

MBCE Monarch Blue Chips Elite Index ETF

Δ -0.74recent -0.50prior +0.24beyond mkt -0.06

TMAT Main Thematic Innovation ETF

Δ -0.74recent -0.45prior +0.30beyond mkt +0.07

LOUP Innovator Deepwater Frontier Tech ETF

Δ -0.73recent -0.41prior +0.32beyond mkt +0.08

AVGO Broadcom Inc. Common Stock

Δ -0.73recent -0.51prior +0.22beyond mkt +0.07

TSEL Touchstone ETF Trust Touchstone Sands Capital US Select Growth ETF

Δ -0.64recent -0.25prior +0.39beyond mkt +0.18

Strong beyond-the-market co-movement with few shared neighbours.

Symbol	beyond mkt	raw ρ	shared	isolation
EWD iShares MSCI Sweden ETF	+0.41	+0.33	0
NFLX Netflix, Inc. Common Stock	+0.42	+0.59	8