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Beta

-
261.80 3.17 (1.23%) 08/24/2026
Amazon.com, Inc. (AMZN)
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Beta Analysis

AMZN vs. SPY · 500 trading days · 24 Aug 2024 – 24 Aug 2026
Beta
1.36
Slope vs SPY
Adjusted Beta
1.24
Blume, toward 1.0
Alpha
+1.0%
Annualized, mkt-adj
0.44
Explained by SPY
Correlation
0.66
Daily returns
Vol AMZN
34.1%
Annualized
Vol SPY
16.6%
Annualized
Key Observations
  • High-beta / aggressive (β = 1.36): AMZN amplifies SPY — a 1% benchmark move maps to ~1.36%, cutting both ways.
  • Benchmark explains 44% of AMZN's daily variance (R² = 0.44); a meaningful share is stock-specific, so treat beta as approximate.
  • Forward-looking adjusted beta ≈ 1.24 (Blume: pulls the raw β one-third of the way toward the market's 1.0).
  • α ≈ +1.0%/yr: after stripping out market exposure, AMZN outperformed SPY over the window (extrapolated from the daily intercept; not a forecast).
  • Annualized volatility: AMZN 34.1% vs SPY 16.6% — 2.05× as volatile (more than the benchmark).
Derived from the values above · point-in-time over the selected window · not investment advice.
Historical Daily Returns and Regression Analysis

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