Correlation Analysis
Meta Platforms, Inc. Class A Common Stock vs Coinbase Global, Inc. Class A Common Stock
META vs COIN
+0.494
Moderate 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
Coinbase Global, Inc. Class A Common Stock
↗COIN
Founded in 2012, Coinbase is the leading cryptocurrency exchange platform in the United States. The company intends to be the safe and regulation-compliant point of entry for retail investors and institutions into the cryptocurrency economy. Users can establish an account directly with the firm, instead of using an intermediary, and many choose to allow Coinbase to act as a custodian for their cryptocurrency, giving the company breadth beyond that of a traditional financial exchange. While the company still generates the majority of its revenue from transaction fees charged to its retail customers, Coinbase uses internal investment and acquisitions to expand into adjacent businesses, such as prime brokerage and data analytics.
Market cap 46.2B · 4,951 employees
Time Series
Relative Performance
Who Moves First
META leads COIN by 6 days
META tends to move before COIN.
After testing 13 timing shifts, the strongest relationship was +0.507 (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
-0.289
14 periods · Return correlation when both series rose
Both Falling
+0.444
9 periods · Return correlation when both series fell
Diverging
-0.786
12 periods · Return correlation when series moved apart
R-Squared
24.4%
Share of variance in one series explained by the other.
Trend Agreement
63.7%
How often both series moved in the same direction period-to-period.
Overlap Quality
1,107
Deep shared window — 1,107 usable pairs.
Significance
p < 0.001
95% CI: [0.448, 0.537]
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
1,251
Normalized
1,107
1,251
Prepared
1,107
1,251
Aligned
1,107
1,107
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
144
A: 0 / B: 144
Series A
Meta Platforms, Inc. Class A Common Stock
META
Market cap 1.4T
Stock · 1,107 raw → 1,107 prepared
Series B
Coinbase Global, Inc. Class A Common Stock
COIN
Market cap 46.2B · 4,951 employees
Stock · 1,251 raw → 1,251 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
5
Estimated crossover points between normalized spreads.
Slope
0.2002
Linear regression slope.
Intercept
107.4248
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
COIN
Coinbase Global, Inc. Class A Common Stock
Highest
+0.779
NetFlix Inc
NFLX · 1,251 data points
Lowest
-0.142
Exxon Mobil Corporation
XOM · 1,251 data points
Saved 5 hours ago · ID: stock-meta-vs-stock-coin-daily-20260408-78ky6o