Meta Platforms Correlations

META Stock

USD 695.77 1.46 0.21%

The current 90-days correlation between Meta Platforms and Alphabet Inc Class A is -0.12 (i.e., Good diversification). The correlation of Meta Platforms is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Meta Platforms Correlation With Market

Very poor diversification

The correlation between Meta Platforms and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Meta Platforms and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Meta Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Meta Platforms. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For information on how to trade Meta Stock refer to our How to Trade Meta Stock guide.

Moving together with Meta Stock

0.61	BZ	Kanzhun Ltd ADR	Pair Corr
0.81	EB	Eventbrite Class A	Pair Corr
0.8	WB	Weibo Corp	Pair Corr
0.92	MAX	MediaAlpha	Pair Corr
0.73	RUM	Rumble Inc	Pair Corr
0.92	TME	Tencent Music Entert	Pair Corr
0.86	GOOG	Alphabet Class C	Pair Corr
0.65	ZDGE	Zedge Inc Trending	Pair Corr
0.88	IZEA	IZEA Inc	Pair Corr
0.81	JFIN	Jiayin Group	Pair Corr
0.84	JOYY	JOYY Inc Symbol Change	Pair Corr
0.69	RUMBW	Rumble Inc	Pair Corr
0.75	BZFDW	BuzzFeed	Pair Corr
0.76	MOMO	Hello Group	Pair Corr

Moving against Meta Stock

0.56	OB	Outbrain Symbol Change	Pair Corr
0.54	SLE	Super League Enterprise	Pair Corr
0.31	CCG	Cheche Group Class	Pair Corr
0.77	NAMI	Jinxin Technology Holding	Pair Corr
0.43	GIFT	RDE, Inc Symbol Change	Pair Corr

Related Correlations Analysis

	GOOGL	TWLO	SNAP	BIDU	GOOG	PINS	TCEHY
GOOGL		0.8	0.31	0.15	0.89	0.74	0.64	GOOGL
TWLO	0.8		0.27	0.08	0.83	0.86	0.76	TWLO
SNAP	0.31	0.27		0.77	0.19	0.46	0.55	SNAP
BIDU	0.15	0.08	0.77		0.05	0.31	0.6	BIDU
GOOG	0.89	0.83	0.19	0.05		0.77	0.61	GOOG
PINS	0.74	0.86	0.46	0.31	0.77		0.81	PINS
TCEHY	0.64	0.76	0.55	0.6	0.61	0.81		TCEHY
	GOOGL	TWLO	SNAP	BIDU	GOOG	PINS	TCEHY

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Risk-Adjusted Indicators

There is a big difference between Meta Stock performing well and Meta Platforms Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Meta Platforms' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
GOOGL	1.78	0.11	0.04	(1.21)	2.16	(1.96)	3.25	(3.71)	16.94
TWLO	2.16	0.24	0.08	0.16	2.97	(2.25)	3.89	(4.01)	19.88
SNAP	3.02	0.02	0.00	(0.02)	4.13	(3.24)	4.39	(6.47)	34.42
BIDU	1.94	(0.10)	0.00	0.55	0.00	0.00	4.85	(4.32)	17.21
GOOG	1.78	0.07	0.03	0.08	2.27	(1.94)	3.01	(3.54)	17.39
PINS	2.41	0.15	0.05	0.10	3.27	(2.60)	5.00	(4.97)	20.81
TCEHY	1.31	(0.04)	0.00	(0.20)	0.00	0.00	2.81	(2.41)	15.63

Meta Platforms Corporate Management

Henry Moniz	Chief Officer	Profile
Erin Egan	Chief Policy	Profile
Andrew Bosworth	Chief Officer	Profile
Christopher Cox	Chief Officer	Profile
Aaron Anderson	Chief Officer	Profile
Marne Levine	Chief Officer	Profile

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