Correlation Analysis
Meta Platforms, Inc. Class A Common Stock vs Expand Energy Corporation Common Stock
META vs EXE
+0.106
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
Expand Energy Corporation Common Stock
↗EXE
Expand Energy is a North American natural gas producer in the Haynesville and Appalachian basins, formed by the combination of Chesapeake and Southwestern. Its largest operation by volume is the Haynesville basin in Louisiana, which is heavily exposed to nearby LNG production. Appalachia benefits from its proximity to population centers in the Northeast and mid-Atlantic regions.
Market cap 24.9B · 1,600 employees
Time Series
Relative Performance
Who Moves First
EXE leads META by 6 days
EXE tends to move before META.
After testing 13 timing shifts, the strongest relationship was +0.151 (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
+0.275
11 periods · Return correlation when both series rose
Both Falling
+0.136
10 periods · Return correlation when both series fell
Diverging
-0.685
14 periods · Return correlation when series moved apart
R-Squared
1.1%
Share of variance in one series explained by the other.
Trend Agreement
51.3%
How often both series moved in the same direction period-to-period.
Overlap Quality
378
Robust shared window — 378 usable pairs.
Significance
p < 0.05
95% CI: [0.005, 0.205]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
378 paired data points survived the daily window.
Raw input
1,107
378
Normalized
1,107
378
Prepared
1,107
378
Aligned
378
378
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
729
A: 729 / B: 0
Series A
Meta Platforms, Inc. Class A Common Stock
META
Market cap 1.4T
Stock · 1,107 raw → 1,107 prepared
Series B
Expand Energy Corporation Common Stock
EXE
Market cap 24.9B · 1,600 employees
Stock · 378 raw → 378 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
28
Estimated crossover points between normalized spreads.
Slope
0.0134
Linear regression slope.
Intercept
95.5916
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
EXE
Expand Energy Corporation Common Stock
Highest
+0.532
VISA Inc.
V · 378 data points
Lowest
+0.058
Exxon Mobil Corporation
XOM · 378 data points
Saved 5 hours ago · ID: stock-meta-vs-stock-exe-daily-20260408-ix2c81