The positive correlation between these 2 charts is so high to ignore in the post-pandemic era..!
Although predicting the outcome of earnings and market reaction to that is very hard, Meta (Facebook) could follow Netflix and disappoint the shareholders..!
From a statistical point of view P-value of 0.0005 in the past 529 trading days means, you are looking at the same chart..!
Education:
"A p-value is a statistical measurement used to validate a hypothesis against observed data. A p-value measures the probability of obtaining the observed results, assuming that the null hypothesis is true. The lower the p-value, the greater the statistical significance of the observed difference."(Investopedia)
Best,
Dr. Moshkelgosha M.D
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Although predicting the outcome of earnings and market reaction to that is very hard, Meta (Facebook) could follow Netflix and disappoint the shareholders..!
From a statistical point of view P-value of 0.0005 in the past 529 trading days means, you are looking at the same chart..!
Education:
"A p-value is a statistical measurement used to validate a hypothesis against observed data. A p-value measures the probability of obtaining the observed results, assuming that the null hypothesis is true. The lower the p-value, the greater the statistical significance of the observed difference."(Investopedia)
Best,
Dr. Moshkelgosha M.D
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.