NFLX rel volume: the current reading and its track record

NFLX's current rel volume reading and what that signal has historically been followed by.

This page covers Netflix (NFLX) — its current rel volume reading and the measured historical record of what NFLX rel volume extremes were followed by.

How to read this. These figures are measured only on instruments currently in our coverage — a set of companies that survived. Signals that appear to have 'worked' on the downside are conditioned on these names having recovered; a company that fell and never came back would not be here to measure. Read every number below as a property of this surviving sample, not a universal rule, and never as advice.

All figures are ‘excess’ returns — measured relative to each instrument’s own historical drift, not relative to the market. This is not alpha and not a market-beating claim; it isolates the signal from the instrument’s background trend. Measured from the first day each signal appeared (not its most extreme point), so it reflects what was knowable in real time.

rel volume showed no measurable forward signal. Across the full sample, episodes on this measure were followed by returns statistically indistinguishable from each instrument’s own drift — we report this as a null result rather than hide it.

When NFLX was overbought / at a high extreme

Across 143 past episodes where NFLX was overbought on this signal, the close 20 sessions later lagged NFLX’s own trailing drift by 0.48 percentage points on average (46% of episodes beat drift).

NFLX forward excess return vs its own drift after overbought rel volume readings, by horizon.
horizonexcess vs own driftbeat-drift rateepisodes with complete horizon
1 session-0.38%38%143
5 sessions-0.65%43%143
20 sessions-0.48%46%143

When NFLX was oversold / at a low extreme

Across 65 past episodes where NFLX was oversold on this signal, the close 20 sessions later lagged NFLX’s own trailing drift by 1.14 percentage points on average (45% of episodes beat drift).

NFLX forward excess return vs its own drift after oversold rel volume readings, by horizon.
horizonexcess vs own driftbeat-drift rateepisodes with complete horizon
1 session-0.62%34%65
5 sessions-1.73%45%65
20 sessions-1.14%45%65

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