Correlation Analysis
Meta Platforms, Inc. Class A Common Stock vs Permian Resources Corporation
META vs PR
+0.642
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
Permian Resources Corporation
↗PR
Permian Resources Corp is an independent oil and natural gas company focused on generating outsized returns to stakeholders through the responsible acquisition, optimization, and development of oil and liquids-rich natural gas assets. The Company's assets and operations are concentrated in the core of the Permian Basin, and its properties consist of large, contiguous acreage blocks located in West Texas and New Mexico.
Market cap 17.2B · 515 employees
Who Moves First
PR leads META by 6 days
PR tends to move before META.
Best correlation after shifting: +0.647 (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
+0.127
14 periods · Return correlation when both series rose
Both Falling
-0.392
7 periods · Return correlation when both series fell
Diverging
-0.522
14 periods · Return correlation when series moved apart
R-Squared
41.2%
Share of variance in one series explained by the other.
Trend Agreement
51.0%
How often both series moved in the same direction period-to-period.
Overlap Quality
900
Deep shared window — 900 usable pairs.
Significance
p < 0.001
95% CI: [0.602, 0.679]
Time Series
Rebased to 100
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
900 paired observations survived the daily window.
Raw input
1,107
900
Normalized
1,107
900
Prepared
1,107
900
Aligned
900
900
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
207
A: 207 / 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
Permian Resources Corporation
PR
Market cap 17.2B · 515 employees
Stock · 900 raw → 900 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
7
Estimated crossover points between normalized spreads.
Slope
0.0084
Linear regression slope.
Intercept
9.4998
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
PR
Permian Resources Corporation
Highest
+0.757
Eli Lilly & Co.
LLY · 900 observations
Lowest
+0.262
Johnson & Johnson
JNJ · 900 observations
Saved 3 hours ago · ID: stock-meta-vs-stock-pr-daily-20260408-jmk0x0