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Meta Platforms, Inc. Class A Common Stock (META) vs Avg Hourly Earnings
Correlation
of % moves
+80%
In sync
of periods
63%
History
monthsmonths · through 2026-04
55
These move in the same direction about 63% of the time
When one swings, the other often swings by a similar amount (~64% of the pattern is shared).
A real but noisy link — useful as context, risky as a standalone signal.
On a log scale so equal % moves take equal vertical space — best when one series has grown much faster than the other.
What to Watch
Unusual right now
Recently looser than usual — the pair is behaving differently than its long-run pattern.
Flips between sync and inverse
Sometimes the two move together, sometimes opposite. Don't treat this as a stable signal.
Advanced
Statistics
In sync(i)
63.0%
Headline metric
Movement correlation(i)
+80%
Based on % moves
95% CI
+67% → +88%
Pipeline
Pipeline Summary
55 paired data points survived the monthly window.
Raw input
1,140
242
Normalized
1,140
242
Prepared
56
242
Aligned
55
55
Invalid removed
Likely range of correlation
R²(i)
63.5%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
55
Thin
Time-Shifted Correlation
See how correlation changes when one series is offset in time. A taller bar at a non-zero shift means the two move together better when one leads the other — that's a potential lead/lag signal.
Correlation by shift
Click a bar to inspect. Range: -18 to 18 months.
Selected shift
No shift
Correlation at this shift
+80%
No shift — both series at their actual dates.
54 overlapping points at this shift
Baseline
+80%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
+80%
A non-zero peak suggests one series lines up better when shifted against the other.
Stability
How the correlation evolves over time. A stable line means the relationship is reliable; large swings signal regime-dependent behavior.
Do They Crash Together?
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
+54%
34 periods · Return correlation when both series rose
Both Falling
N/A
0 periods · Return correlation when both series fell
Diverging
+6%
20 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
188
A: 1 / B: 187
Series A
Meta Platforms, Inc. Class A Common Stock (META)
META
Stock · 1,140 raw → 56 prepared
Series B
Avg Hourly Earnings
CES0500000003
FRED · 242 raw → 242 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
1
Estimated crossover points between normalized spreads.
Slope
0.0055
Linear regression slope.
Intercept
0.0034
Linear regression intercept.
Saved 2 weeks ago · ID: fred-ces0500000003_stock-meta_monthly_5y