Amazon Correlations

AMZN Stock

USD 227.47 1.83 0.80%

The current 90-days correlation between Amazon Inc and PDD Holdings is 0.13 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Amazon moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Amazon Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Amazon Correlation With Market

Poor diversification

The correlation between Amazon Inc and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amazon Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Amazon Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Amazon Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Amazon Stock

0.7	BBY	Best Buy	Pair Corr
0.61	GRPN	Groupon	Pair Corr
0.75	ARHS	Arhaus Inc	Pair Corr
0.84	FOSL	Fossil Group	Pair Corr
0.63	TPH	TRI Pointe Homes Earnings Call Tomorrow	Pair Corr
0.87	SONO	Sonos Inc	Pair Corr
0.62	GITS	Global Interactive Symbol Change	Pair Corr
0.83	CVX	Chevron Corp	Pair Corr
0.88	MMM	3M Company	Pair Corr

Moving against Amazon Stock

0.37	AEO	American Eagle Outfitters	Pair Corr
0.37	PLCE	Childrens Place Trending	Pair Corr
0.37	ROST	Ross Stores	Pair Corr
0.65	MSB	Mesabi Trust	Pair Corr
0.61	KO	Coca Cola	Pair Corr
0.49	PG	Procter Gamble Earnings Call This Week	Pair Corr
0.33	VZ	Verizon Communications Aggressive Push	Pair Corr
0.32	07274NBG7	BAYNGR 5 15	Pair Corr

Related Correlations Analysis

	SE	GLBE	ETSY	PDD	JD	TTD	SHOP	CRWD	TWLO
SE		-0.46	0.14	-0.15	-0.08	0.85	0.16	0.35	0.88	SE
GLBE	-0.46		-0.37	0.31	0.59	-0.33	-0.4	-0.56	-0.46	GLBE
ETSY	0.14	-0.37		-0.47	-0.3	0.2	0.62	0.6	0.29	ETSY
PDD	-0.15	0.31	-0.47		0.62	-0.02	0.01	-0.36	-0.2	PDD
JD	-0.08	0.59	-0.3	0.62		-0.1	-0.22	-0.47	-0.23	JD
TTD	0.85	-0.33	0.2	-0.02	-0.1		0.36	0.38	0.89	TTD
SHOP	0.16	-0.4	0.62	0.01	-0.22	0.36		0.71	0.37	SHOP
CRWD	0.35	-0.56	0.6	-0.36	-0.47	0.38	0.71		0.59	CRWD
TWLO	0.88	-0.46	0.29	-0.2	-0.23	0.89	0.37	0.59		TWLO
	SE	GLBE	ETSY	PDD	JD	TTD	SHOP	CRWD	TWLO

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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

TWLO	+ 0.89	TTD
TWLO	+ 0.88	SE
TTD	+ 0.85	SE
CRWD	+ 0.71	SHOP
SHOP	+ 0.62	ETSY
JD	+ 0.62	PDD

High negative correlations

CRWD	- 0.56	GLBE
CRWD	- 0.47	JD
PDD	- 0.47	ETSY
TWLO	- 0.46	GLBE
GLBE	- 0.46	SE
SHOP	- 0.4	GLBE

Risk-Adjusted Indicators

There is a big difference between Amazon Stock performing well and Amazon 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 Amazon's 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
SE	1.87	0.37	0.09	1.23	2.34	(1.93)	3.58	(4.56)	16.07
GLBE	1.80	(0.18)	(0.03)	0.02	3.91	(1.73)	3.22	(3.41)	28.78
ETSY	2.11	0.48	0.14	1.21	2.14	(2.14)	5.43	(3.99)	11.69
PDD	1.53	0.22	0.03	1.52	2.79	(1.73)	3.10	(2.38)	19.77
JD	1.67	(0.02)	(0.07)	0.10	1.84	(1.95)	4.03	(3.26)	10.55
TTD	2.29	0.59	0.25	0.55	1.94	(2.56)	6.37	(3.70)	25.09
SHOP	2.26	0.21	0.15	0.28	2.01	(2.57)	5.15	(3.86)	18.01
CRWD	1.80	0.22	0.07	0.47	2.17	(2.04)	3.63	(4.21)	13.11
TWLO	1.86	0.68	0.20	(1.84)	1.86	(2.12)	4.70	(3.43)	13.08

Amazon Corporate Management

Andrew Jassy	Sr. VP of Amazon Web Services	Profile
Shelley Reynolds	Principal Accounting Officer, VP and Worldwide Controller	Profile
Matthew Garman	Chief Series	Profile
Russ Grandinetti	Senior Consumer	Profile
Anuradha Aggarwal	CMO Growth	Profile

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