Meta Platforms Correlations

META Stock

USD 589.15 1.17 0.20%

The current 90-days correlation between Meta Platforms and Taiwan Semiconductor Manufacturing is 0.27 (i.e., Modest 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

Weak diversification

The correlation between Meta Platforms and DJI is 0.3 (i.e., Weak 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 manufacturing.

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

Moving together with Meta Stock

0.8	BZ	Kanzhun Ltd ADR	Pair Corr
0.79	WB	Weibo Corp	Pair Corr
0.8	DHX	DHI Group	Pair Corr
0.66	IAC	IAC Inc	Pair Corr
0.81	OCG	Oriental Culture Holding	Pair Corr
0.82	RUM	Rumble Inc	Pair Corr
0.65	SLE	Super League Enterprise	Pair Corr
0.87	SST	System1	Pair Corr
0.92	GENI	Genius Sports	Pair Corr
0.65	GETY	Getty Images Holdings	Pair Corr
0.76	GIBO	Global IBO Group	Pair Corr
0.87	GITS	Global Interactive Symbol Change	Pair Corr
0.99	META	Meta Platforms CDR	Pair Corr

Moving against Meta Stock

0.72	TC	TuanChe ADR	Pair Corr
0.61	JFU	9F Inc	Pair Corr
0.46	YQ	17 Education Technology	Pair Corr
0.36	IMAQR	International Media	Pair Corr
0.35	AD1	Adneo	Pair Corr
0.32	IMAQW	International Media	Pair Corr
0.31	BILD	Builddirect Tehcnologies Earnings Call This Week	Pair Corr
0.73	GOOG	Alphabet Class C Aggressive Push	Pair Corr

Related Correlations Analysis

	TSM	AVGO	GOOGL	ORCL	CSCO	IBM	GRMN	AMAT	MU
TSM		0.76	0.74	0.44	0.49	0.86	-0.01	0.91	0.83	TSM
AVGO	0.76		0.76	0.39	0.39	0.68	-0.17	0.61	0.68	AVGO
GOOGL	0.74	0.76		0.03	0.75	0.88	-0.59	0.82	0.92	GOOGL
ORCL	0.44	0.39	0.03		-0.4	0.05	0.6	0.16	0.01	ORCL
CSCO	0.49	0.39	0.75	-0.4		0.74	-0.7	0.69	0.81	CSCO
IBM	0.86	0.68	0.88	0.05	0.74		-0.4	0.93	0.95	IBM
GRMN	-0.01	-0.17	-0.59	0.6	-0.7	-0.4		-0.27	-0.5	GRMN
AMAT	0.91	0.61	0.82	0.16	0.69	0.93	-0.27		0.94	AMAT
MU	0.83	0.68	0.92	0.01	0.81	0.95	-0.5	0.94		MU
	TSM	AVGO	GOOGL	ORCL	CSCO	IBM	GRMN	AMAT	MU

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

MU	+ 0.95	IBM
MU	+ 0.94	AMAT
AMAT	+ 0.93	IBM
MU	+ 0.92	GOOGL
AMAT	+ 0.91	TSM
IBM	+ 0.88	GOOGL

High negative correlations

GRMN	- 0.7	CSCO
GRMN	- 0.59	GOOGL
MU	- 0.5	GRMN
GRMN	- 0.4	IBM
CSCO	- 0.4	ORCL
AMAT	- 0.27	GRMN

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
TSM	1.72	0.29	0.15	0.23	1.74	(1.98)	3.57	(2.90)	11.47
AVGO	2.00	0.28	0.12	0.30	1.96	(2.15)	4.09	(3.65)	15.68
GOOGL	1.42	0.57	0.43	2.44	0.76	(1.74)	3.60	(2.08)	11.97
ORCL	2.83	0.03	0.01	0.04	3.12	(3.52)	4.40	(5.90)	42.88
CSCO	1.04	0.18	0.13	0.43	1.11	(1.16)	1.94	(1.88)	5.15
IBM	1.30	0.28	0.16	0.91	1.40	(1.38)	2.29	(2.43)	11.09
GRMN	1.20	(0.32)	0.00	(0.25)	0.00	0.00	2.21	(2.42)	15.12
AMAT	1.99	0.60	0.25	(0.82)	1.77	(2.26)	4.65	(3.17)	12.04
MU	2.80	0.99	0.30	(4.61)	2.41	(3.11)	6.46	(4.81)	15.97

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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