Correlation Analysis
Meta Platforms, Inc. Class A Common Stock vs Affirm Holdings, Inc. Class A Common Stock
META vs AFRM
+0.054
Weak positive
When one moves up, the other tends to follow.
Meta Platforms, Inc. Class A Common Stock
↗META
Meta is the largest social media company in the world, boasting close to 4 billion monthly active users worldwide. The firm's "Family of Apps," its core business, consists of Facebook, Instagram, Messenger, and WhatsApp. End users can leverage these applications for a variety of different purposes, from keeping in touch with friends to following celebrities and running digital businesses for free. Meta packages customer data, gleaned from its application ecosystem and sells ads to digital advertisers. While the firm has been investing heavily in its Reality Labs business, it remains a very small part of Meta's overall sales.
Market cap 1.4T
Affirm Holdings, Inc. Class A Common Stock
↗AFRM
Founded in 2012, Affirm is a market leader in the buy-now, pay-later space with around $36 billion in transaction volume in fiscal 2025. Affirm offers both zero-interest financing, which is merchant subsidized, and interest-bearing loans, which function as personal loans that are approved on a per-transaction basis. Over 70% of Affirm's transaction volume comes from its interest-bearing loans, which also comprise the majority of its revenue. Affirm operates in the United States, which accounted for more than 95% of its revenue in 2025, but the firm has also expanded to Canada and the United Kingdom.
Market cap 16.1B · 2,206 employees
Time Series
Relative Performance
Who Moves First
META leads AFRM by 6 days
META tends to move before AFRM.
After testing 13 timing shifts, the strongest relationship was +0.065 (they moved in the same direction).
Do They Crash Together?
Correlation by Market Regime
How these series behave when markets are rising, falling, or diverging. A correlation that holds in drawdowns is very different from one that only works in rallies.
Both Rising
-0.103
15 periods · Return correlation when both series rose
Both Falling
-0.059
9 periods · Return correlation when both series fell
Diverging
-0.776
11 periods · Return correlation when series moved apart
R-Squared
0.3%
Share of variance in one series explained by the other.
Trend Agreement
65.2%
How often both series moved in the same direction period-to-period.
Overlap Quality
1,107
Deep shared window — 1,107 usable pairs.
Significance
n.s.
95% CI: [-0.005, 0.113]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
1,107 paired data points survived the daily window.
Raw input
1,107
1,254
Normalized
1,107
1,254
Prepared
1,107
1,254
Aligned
1,107
1,107
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
147
A: 0 / B: 147
Series A
Meta Platforms, Inc. Class A Common Stock
META
Market cap 1.4T
Stock · 1,107 raw → 1,107 prepared
Series B
Affirm Holdings, Inc. Class A Common Stock
AFRM
Market cap 16.1B · 2,206 employees
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
1
Estimated crossover points between normalized spreads.
Slope
0.0072
Linear regression slope.
Intercept
44.7206
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
META
Meta Platforms, Inc. Class A Common Stock
Highest
+0.979
PCEC96
PCEC96 · 52 data points
Lowest
-0.939
United Parcel Service, Inc. Class B
UPS · 1,107 data points
AFRM
Affirm Holdings, Inc. Class A Common Stock
Highest
+0.560
Tesla, Inc. Common Stock
TSLA · 1,254 data points
Lowest
-0.411
Exxon Mobil Corporation
XOM · 1,254 data points
Saved 5 hours ago · ID: stock-meta-vs-stock-afrm-daily-20260408-dskmgd