Correlation Analysis
Meta Platforms, Inc. Class A Common Stock vs Coterra Energy Inc.
META vs CTRA
+0.173
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
Coterra Energy Inc.
↗CTRA
Coterra Energy Inc is an independent oil and gas company engaged in the development, exploration, and production of oil, natural gas, and natural gas liquids (NGLs). Its operations are mainly concentrated in areas with hydrocarbon resources, which are conducive to multi-well, repeatable development programs, and include the Permian Basin located in Texas and New Mexico, the Marcellus Shale in northeast Pennsylvania, and the Anadarko Basin located in the mid-continent region in Oklahoma. The company operates in one segment, oil and natural gas development, exploration, and production, in the continental U.S.
Market cap 26.3B · 1,075 employees
Time Series
Rebased to 100
Who Moves First
in sync
META and CTRA tend to move at the same time.
Best correlation after shifting: +0.173 (13 shifts scanned)
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
+0.310
13 periods · Return correlation when both series rose
Both Falling
-0.150
8 periods · Return correlation when both series fell
Diverging
-0.627
14 periods · Return correlation when series moved apart
R-Squared
3.0%
Share of variance in one series explained by the other.
Trend Agreement
51.2%
How often both series moved in the same direction period-to-period.
Overlap Quality
1,041
Deep shared window — 1,041 usable pairs.
Significance
p < 0.001
95% CI: [0.113, 0.231]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
1,041 paired observations survived the daily window.
Raw input
1,107
1,131
Normalized
1,107
1,131
Prepared
1,107
1,131
Aligned
1,041
1,041
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
156
A: 66 / B: 90
Series A
Meta Platforms, Inc. Class A Common Stock
META
Market cap 1.4T
Stock · 1,107 raw → 1,107 prepared
Series B
Coterra Energy Inc.
CTRA
Market cap 26.3B · 1,075 employees
Stock · 1,131 raw → 1,131 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
1
Estimated crossover points between normalized spreads.
Slope
0.0020
Linear regression slope.
Intercept
25.1449
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
META
Meta Platforms, Inc. Class A Common Stock
Highest
+0.979
PCEC96
PCEC96 · 52 observations
Lowest
-0.939
United Parcel Service, Inc. Class B
UPS · 1,107 observations
Saved 3 hours ago · ID: stock-meta-vs-stock-ctra-daily-20260408-pzhqw6