Correlation Analysis
Meta Platforms, Inc. Class A Common Stock vs Zimmer Biomet Holdings, Inc.
META vs ZBH
-0.736
Strong inverse
When one moves up, the other tends to move down.
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
Zimmer Biomet Holdings, Inc.
↗ZBH
Zimmer Biomet designs, manufactures, and markets orthopedic reconstructive implants as well as supplies and surgical equipment for orthopedic surgery. With the acquisitions of Centerpulse in 2003 and Biomet in 2015, Zimmer holds the leading share of the reconstructive market in the United States, Europe, and Japan. Roughly two-thirds of total revenue is derived from sales of large joints; another fourth comes from extremities, trauma, sports medicine, and related surgical products. The firm spun out its dental and spine businesses in 2022.
Market cap 17.6B · 17,000 employees
Time Series
Rebased to 100
Who Moves First
in sync
META and ZBH tend to move at the same time.
Best correlation after shifting: -0.736 (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
-0.372
12 periods · Return correlation when both series rose
Both Falling
-0.046
8 periods · Return correlation when both series fell
Diverging
-0.541
15 periods · Return correlation when series moved apart
R-Squared
54.2%
Share of variance in one series explained by the other.
Trend Agreement
55.9%
How often both series moved in the same direction period-to-period.
Overlap Quality
1,107
Deep shared window — 1,107 usable pairs.
Significance
p < 0.001
95% CI: [-0.762, -0.708]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
1,107 paired observations survived the daily window.
Raw input
1,107
1,254
Normalized
1,107
1,254
Prepared
1,107
1,254
Aligned
1,107
1,107
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
147
A: 0 / B: 147
Series A
Meta Platforms, Inc. Class A Common Stock
META
Market cap 1.4T
Stock · 1,107 raw → 1,107 prepared
Series B
Zimmer Biomet Holdings, Inc.
ZBH
Market cap 17.6B · 17,000 employees
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
3
Estimated crossover points between normalized spreads.
Slope
-0.0515
Linear regression slope.
Intercept
135.1613
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
ZBH
Zimmer Biomet Holdings, Inc.
Highest
-0.272
Johnson & Johnson
JNJ · 1,254 observations
Lowest
-0.753
Costco Wholesale Corp
COST · 1,254 observations
Saved 3 hours ago · ID: stock-meta-vs-stock-zbh-daily-20260408-zwxv8j