MELI MercadoLibre, Inc. Common Stock

Last close: 1510.00
504-day return: -26.52%
Median $/day: $822.0M
Relationships shown: 13

together opposite · bar = ρ at each lag, −10 … 0 … +10 days · holdout ρ · click a card for the full picture

MELI vs MTAL, shifted 1d

Both indexed to 100 at 2026-05-11. MTAL is drawn 1 trading day later than it happened, so if it leads, the lines move together.

MELI MTAL (+1d) · range 97–129 · 2026-05-11 → 2026-11-06

Leads MELI

MELI tends to repeat these symbols' moves some days later. The highlighted bar is the lag.

MTAL Metals Acquisition Corp. II

lag 1dρ +0.23holdout +0.23stable 75%$/day $926krobust

Moves with MELI

Same day, ranked by what's left after the market and sector factors are removed ("beyond mkt").

ARGT Global X MSCI Argentina ETF

ρ +0.50beyond mkt +0.42holdout +0.49stable 100%robust

PAGS PagSeguro Digital Ltd.

ρ +0.48beyond mkt +0.34holdout +0.53stable 88%robust

EMQQ EMQQ The Emerging Markets Internet ETF

ρ +0.50beyond mkt +0.32holdout +0.63stable 100%robust

STNE StoneCo Ltd. Class A Common Shares

ρ +0.46beyond mkt +0.32holdout +0.52stable 100%robust

NU Nu Holdings Ltd.

ρ +0.47beyond mkt +0.28holdout +0.51stable 88%robust

BSBR BANCO SANTANDER (BRASIL) SA

ρ +0.38beyond mkt +0.28holdout +0.43stable 100%robust

Moves against MELI

VXX iPath Series B S&P 500 VIX Short-Term Futures ETN

ρ -0.37beyond mkt -0.09holdout -0.34stable 100%robust

VIXM ProShares VIX Mid-Term Futures ETF

ρ -0.34beyond mkt -0.07holdout -0.35stable 88%robust

Weekly, not daily

No day-to-day relationship, but 5- or 10-day returns move together.

FCTE ETF Opportunities Trust SMI 3Fourteen Full-Cycle Trend ETF

horizon 10dρ +0.40holdout +0.33stable 75%robust

RJF Raymond James Financial, Inc.

horizon 10dρ +0.38holdout +0.31stable 62%moderate

CIBR First Trust Exchange-Traded Fund II First Trust NASDAQ Cybersecurity ETF

horizon 5dρ +0.32holdout +0.13stable 88%moderate

NET Cloudflare, Inc. Class A common stock, par value $0.001 per share

horizon 5dρ +0.31holdout +0.10stable 88%moderate

Changed this quarter

Biggest shifts in same-day correlation over the last 63 trading days versus the year before.

DRS Leonardo DRS, Inc. Common Stock

Δ -0.55recent -0.31prior +0.24beyond mkt +0.00

NET Cloudflare, Inc. Class A common stock, par value $0.001 per share

Δ -0.53recent -0.22prior +0.31beyond mkt -0.02

AROC Archrock Inc

Δ -0.51recent -0.34prior +0.17beyond mkt +0.04

MOG.A Moog Inc.

Δ -0.51recent -0.30prior +0.21beyond mkt -0.00

COR Cencora, Inc.

Δ +0.49recent +0.49prior -0.01beyond mkt +0.01

MTUM iShares MSCI USA Momentum Factor ETF

Δ -0.48recent -0.16prior +0.31beyond mkt -0.02

Hidden links

Strong beyond-the-market co-movement with few shared neighbours.

Symbol	beyond mkt	raw ρ	shared	isolation
ARGT Global X MSCI Argentina ETF	+0.42	+0.50	10