Correlation Analysis
Meta Platforms, Inc. Class A Common Stock vs EXAS
META vs EXAS
-0.198
Weak inverse
When one moves up, the other tends to move down.
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
EXAS
EXAS
Time Series
Relative Performance
Who Moves First
EXAS leads META by 6 days
EXAS tends to move before META.
After testing 13 timing shifts, the strongest relationship was -0.210 (they moved in opposite directions).
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
+0.105
11 periods · Return correlation when both series rose
Both Falling
-0.342
7 periods · Return correlation when both series fell
Diverging
-0.730
17 periods · Return correlation when series moved apart
R-Squared
3.9%
Share of variance in one series explained by the other.
Trend Agreement
60.5%
How often both series moved in the same direction period-to-period.
Overlap Quality
1,096
Deep shared window — 1,096 usable pairs.
Significance
p < 0.001
95% CI: [-0.255, -0.141]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
1,096 paired data points survived the daily window.
Raw input
1,107
1,243
Normalized
1,107
1,243
Prepared
1,107
1,243
Aligned
1,096
1,096
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
158
A: 11 / 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
EXAS
Stock · 1,243 raw → 1,243 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
1
Estimated crossover points between normalized spreads.
Slope
-0.0172
Linear regression slope.
Intercept
73.2209
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
Saved 5 hours ago · ID: stock-meta-vs-stock-exas-daily-20260408-v30dej