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NFLX relative volume: the current reading and its track record

NFLX’s current relative volume reading and what that signal has historically been followed by.

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

How to read this. These figures are measured only on instruments currently covered by this site — 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.

Relative 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 — this is reported as a null result rather than left out.

When NFLX was at a high extreme

Across 144 past episodes where NFLX was at a high extreme on this signal, the close 20 sessions later lagged NFLX’s own trailing drift by 0.51 percentage points on average (46% of episodes beat drift).

NFLX forward excess return vs its own drift after high-extreme relative volume readings, by horizon.
horizonexcess vs own driftbeat-drift rateepisodes with a complete horizon
1 session-0.36%39%144
5 sessions-0.65%43%144
20 sessions-0.51%46%144

When NFLX was at a low extreme

Across 65 past episodes where NFLX was at a low extreme 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 low-extreme relative volume readings, by horizon.
horizonexcess vs own driftbeat-drift rateepisodes with a complete horizon
1 session-0.62%34%65
5 sessions-1.73%45%65
20 sessions-1.14%45%65

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