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Correlation Analysis

Meta Platforms, Inc. Class A Common Stock vs Robinhood Markets, Inc. Class A Common Stock

META vs HOOD

+0.657

Strong positive

When one moves up, the other tends to follow.

META logo

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

HOOD logo

Robinhood Markets, Inc. Class A Common Stock

HOOD

Robinhood is a diversified financial services provider best known for its retail brokerage platform, which historically caters to a young, risk-seeking clientele that trades heavily on margin and in higher-risk asset classes like options, futures, cryptocurrencies, and more recently, in prediction markets. As those customers' financial needs have begun to mature, Robinhood has rolled out a suite of more conventional products, from retirement accounts to high-yield cash sweep accounts to nascent advisory services (Robinhood Strategies). With $322 billion in customer assets and 27 million active accounts at year-end 2025, the firm has emerged as a significant player in the large and quickly growing US brokerage market.

Market cap 62.8B · 2,900 employees

Jul 29, 2021 — Apr 7, 2026Daily1,087 observationsStockStockTechnology

Time Series

Rebased to 100

Green: METAGray: HOOD36 of 1,087 points (sampled)

Who Moves First

META leads HOOD by 6 days

META tends to move before HOOD.

Best correlation after shifting: +0.671 (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

+0.381

15 periods · Return correlation when both series rose

Both Falling

+0.042

7 periods · Return correlation when both series fell

Diverging

-0.367

13 periods · Return correlation when series moved apart

R-Squared

43.1%

Share of variance in one series explained by the other.

Trend Agreement

65.0%

How often both series moved in the same direction period-to-period.

Overlap Quality

1,087

Deep shared window — 1,087 usable pairs.

Significance

p < 0.001

95% CI: [0.621, 0.689]

Scatter

XY Regression

-470200400600800814-2.5020406080100120140155.9Meta Platforms, Inc. Class A Common StockRobinhood Markets, Inc. Class A Common StockData pointsFit (r = 0.657)

Pipeline

Data quality details

Pipeline Summary

1,087 paired observations survived the daily window.

Raw input

1,107

1,177

Normalized

1,107

1,177

Prepared

1,107

1,177

Aligned

1,087

1,087

Invalid removed

0

A: 0 / B: 0

Duplicates removed

0

A: 0 / B: 0

Alignment drops

110

A: 20 / B: 90

Series A

META logo

Meta Platforms, Inc. Class A Common Stock

META

Market cap 1.4T

Stock · 1,107 raw → 1,107 prepared

Series B

HOOD logo

Robinhood Markets, Inc. Class A Common Stock

HOOD

Market cap 62.8B · 2,900 employees

Stock · 1,177 raw → 1,177 prepared

Sign agreement

100.0%

How often both values share the same sign.

Zero crossings

1

Estimated crossover points between normalized spreads.

Slope

0.1034

Linear regression slope.

Intercept

-2.5927

Linear regression intercept.

Related Extremes

Highest and Lowest Correlated

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