SeriesMagCorrOverlapThrough
These move together about 49% of the time
Strong positive
Strong enough to use as a signal — read the stability and regime notes below before relying on it.
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 1.7T · 78,865 employees
10Y Treasury Yield
DGS10
What to Watch
Unusual right now
Recent correlation (-27%) is 2.9σ from the long-run average of +75% — pair is behaving differently than usual.
Decouples in drawdowns
Correlation weakens when both fall (+17%) vs when both rise (+70%) — don't count on this pair as a hedge under stress.
Regime-dependent
The correlation has flipped sign across time windows — not reliable as a standalone signal.
Time Series
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: -6 to 6 days.
Selected shift
No shift
Correlation at this shift
+75%
No shift — both series at their actual dates.
1,114 overlapping points at this shift
Time series with 10Y Treasury Yield at original dates
Indexed to 100 at start
Deep Dive
Stability
How the correlation evolves over time. A stable line means the relationship is reliable; large swings signal regime-dependent behavior.
Corr
+75%
Pearson correlation
95% CI
+72% → +77%
Likely range
R²
55.8%
Variance explained
Trend agreement
48.8%
Same-direction moves
Significance
p < 0.001
Statistical confidence
Data points
1,114
Deep
Pipeline
Pipeline Summary
1,114 paired data points survived the daily window.
Raw input
1,124
16,066
Normalized
1,124
16,066
Prepared
1,124
16,066
Aligned
1,114
1,114
Invalid removed
Explore
The strongest positive and inverse pairs we’ve saved for each side of this comparison — good jumping-off points if this result raised a question.
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
+70%
70 periods · Return correlation when both series rose
Both Falling
+17%
47 periods · Return correlation when both series fell
Diverging
-50%
132 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
14,962
A: 10 / B: 14952
Series A
Meta Platforms, Inc. Class A Common Stock
META
Market cap 1.7T · 78,865 employees
Stock · 1,124 raw → 1,124 prepared
Series B
DGS10
FRED · 16,066 raw → 16,066 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
1
Estimated crossover points between normalized spreads.
Slope
0.0030
Linear regression slope.
Intercept
2.5593
Linear regression intercept.
Saved 2 days ago · ID: fred:dgs10|stock:meta|5Y