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
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