Correlation Analysis
Meta Platforms, Inc. Class A Common Stock vs Grayscale Bitcoin Trust ETF
META vs GBTC
+0.939
Very strong 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
Grayscale Bitcoin Trust ETF
GBTC
Time Series
Rebased to 100
Who Moves First
GBTC leads META by 6 days
GBTC tends to move before META.
Best correlation after shifting: +0.943 (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
+0.500
20 periods · Return correlation when both series rose
Both Falling
+0.015
8 periods · Return correlation when both series fell
Diverging
-0.766
7 periods · Return correlation when series moved apart
R-Squared
88.2%
Share of variance in one series explained by the other.
Trend Agreement
59.4%
How often both series moved in the same direction period-to-period.
Overlap Quality
976
Deep shared window — 976 usable pairs.
Significance
p < 0.001
95% CI: [0.931, 0.946]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
976 paired observations survived the daily window.
Raw input
1,107
1,066
Normalized
1,107
1,066
Prepared
1,107
1,066
Aligned
976
976
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
221
A: 131 / 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
Grayscale Bitcoin Trust ETF
GBTC
Stock · 1,066 raw → 1,066 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
3
Estimated crossover points between normalized spreads.
Slope
0.1220
Linear regression slope.
Intercept
-6.8577
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
GBTC
Grayscale Bitcoin Trust ETF
Highest
+0.950
NetFlix Inc
NFLX · 1,066 observations
Lowest
+0.075
Johnson & Johnson
JNJ · 1,066 observations
Saved 3 hours ago · ID: stock-meta-vs-stock-gbtc-daily-20260408-6y9l5c