Meta Platforms, Inc. Class A Common Stock (META) Correlation Distribution
Across 6,746 rolling correlation observations between Meta Platforms, Inc. Class A Common Stock (META) and other NASDAQ-listed stocks, 35.1% are positive and 64.9% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.179, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 15.6% and strong negative correlations (≤−0.7) for 24.6%.
- Total observations
- 6,746
- Mean correlation
- -0.179
- Most common range
- -0.9 to -0.8
- Positive pairs
- 35.1%
- Strong positive (≥0.7)
- 15.6%
- Sector
- Services-Computer Programming, Data Processing, Etc.
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 164 | 2.4% | |
| -0.9 to -0.8 | 747 | 11.1% | |
| -0.8 to -0.7 | 746 | 11.1% | |
| -0.7 to -0.6 | 719 | 10.7% | |
| -0.6 to -0.5 | 719 | 10.7% | |
| -0.5 to -0.4 | 340 | 5.0% | |
| -0.4 to -0.3 | 340 | 5.0% | |
| -0.3 to -0.2 | 217 | 3.2% | |
| -0.2 to -0.1 | 217 | 3.2% | |
| -0.1 to 0.0 | 172 | 2.5% | |
| 0.0 to 0.1 | 172 | 2.5% | |
| 0.1 to 0.2 | 171 | 2.5% | |
| 0.2 to 0.3 | 171 | 2.5% | |
| 0.3 to 0.4 | 178 | 2.6% | |
| 0.4 to 0.5 | 177 | 2.6% | |
| 0.5 to 0.6 | 221 | 3.3% | |
| 0.6 to 0.7 | 220 | 3.3% | |
| 0.7 to 0.8 | 371 | 5.5% | |
| 0.8 to 0.9 | 371 | 5.5% | |
| 0.9 to 1.0 | 313 | 4.6% |
Frequently asked questions
What is the average correlation of META?
Meta Platforms, Inc. Class A Common Stock (META) has an average correlation of about -0.179 with other NASDAQ stocks, based on 6,746 pairwise observations.
Is META positively correlated with other stocks?
Not predominantly — 35.1% of pairs are positive and 64.9% are negative. Strong positive correlations (≥0.7) make up 15.6%.
What is the most common correlation range for META?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 16.6% of all pairs.
Explore the full interactive correlation distribution for META.
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