Correlation Analysis
Meta Platforms, Inc. Class A Common Stock vs Nextpower Inc. Class A Common Stock
META vs NXT
+0.567
Moderate 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
Nextpower Inc. Class A Common Stock
↗NXT
Nextpower (and its subsidiaries) is a leading provider of intelligent, integrated solar tracker and software solutions used in utility-scale and distributed generation solar projects around the world. Nextpower's products enable solar panels in utility-scale power plants to follow the sun's movement across the sky and optimize plant performance. Nextpower has operations in the United States, Mexico, Spain and other countries in Europe, India, Australia, the Middle East, Africa, and Brazil.
Market cap 16B · 1,300 employees
Time Series
Rebased to 100
Who Moves First
META leads NXT by 6 days
META tends to move before NXT.
Best correlation after shifting: +0.581 (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
+0.541
17 periods · Return correlation when both series rose
Both Falling
-0.106
7 periods · Return correlation when both series fell
Diverging
-0.667
11 periods · Return correlation when series moved apart
R-Squared
32.1%
Share of variance in one series explained by the other.
Trend Agreement
56.9%
How often both series moved in the same direction period-to-period.
Overlap Quality
791
Deep shared window — 791 usable pairs.
Significance
p < 0.001
95% CI: [0.517, 0.612]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
791 paired observations survived the daily window.
Raw input
1,107
791
Normalized
1,107
791
Prepared
1,107
791
Aligned
791
791
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
316
A: 316 / 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
Nextpower Inc. Class A Common Stock
NXT
Market cap 16B · 1,300 employees
Stock · 791 raw → 791 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
21
Estimated crossover points between normalized spreads.
Slope
0.0780
Linear regression slope.
Intercept
14.7037
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
NXT
Nextpower Inc. Class A Common Stock
Highest
+0.932
Micron Technology, Inc.
MU · 791 observations
Lowest
+0.504
Costco Wholesale Corp
COST · 791 observations
Saved 3 hours ago · ID: stock-meta-vs-stock-nxt-daily-20260408-0z91ru