Correlations Analysis
271.24
-1.41
(-0.52%)
08/06/2026
Amazon.com, Inc. (AMZN)Showing Correlations for up to two years. To view all data, Upgrade to PRO plan!
Found large sets of symbols. Showing 25 symbols.
Correlation Analytics
AMZN vs 19 instruments · 06 Aug 2024 – 06 Aug 2026 · Daily returns
Average correlation by asset class
Equity Indices
0.20
19 instruments
Key Observations
- AMZN is most correlated with $GSPC (r = 0.67, β = 1.40), the closest co-mover in this set — it explains about 45% of AMZN daily moves (R² = 0.45).
- $STI is effectively uncorrelated (r = -0.08), the best diversifier against AMZN here.
- Across the set (all Equity Indices), average correlation to AMZN is 0.20.
- Correlation to $AEX is falling (3M r = -0.01 vs 1Y 0.21) — they have been decoupling lately.
- Overall linkage is moderate (avg |r| = 0.21 across 19 instruments).
- Versus $GSPC, Pearson r and Spearman ρ agree (0.67 vs 0.64), so the relationship is broadly linear and the β is dependable.
- AMZN and $GSPC move contemporaneously (correlation is strongest same-day) — no usable lead-lag timing within ±3 days.
- Correlation to $GSPC tightens under stress: r = 0.60 in calm markets (low VIX) vs r = 0.76 in high-volatility regimes — diversification weakens exactly when you need it.
Derived from the figures below · point-in-time over the selected window · not investment advice.
By instrument · correlation across windows, with sensitivity
| Symbol | Name | 1M | 3M | 6M | 1Y | Trend | β | R² |
|---|---|---|---|---|---|---|---|---|
| $GSPC | S&P 500 | 0.41 | 0.46 | 0.49 | 0.55 | ≈ | 1.40 | 0.45 |
| $NDX | Nasdaq 100 | 0.29 | 0.31 | 0.41 | 0.50 | ▼ | 1.02 | 0.44 |
| $DJI | Dow Jones Industrial Average | 0.31 | 0.36 | 0.37 | 0.41 | ≈ | 1.26 | 0.31 |
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β and R² computed over the full selected window vs each instrument · window correlations use common trading days only · ▲/▼ = recent (3M) vs longer-term (1Y) correlation · not investment advice.