Amazon Correlations

AMZN Stock

USD 212.52 2.30 1.07%

The current 90-days correlation between Amazon Inc and JD Inc Adr is 0.48 (i.e., Very weak 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

Very poor diversification

The correlation between Amazon Inc and DJI is 0.83 (i.e., Very 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.

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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

0.94	W	Wayfair	Pair Corr
0.84	AN	AutoNation	Pair Corr
0.77	FL	Foot Locker	Pair Corr
0.63	HD	Home Depot	Pair Corr
0.8	JL	J Long Group	Pair Corr
0.62	VIPS	Vipshop Holdings	Pair Corr
0.74	VSCO	Victorias Secret	Pair Corr
0.8	EBAY	eBay Inc	Pair Corr
0.68	EDUC	Educational Development	Pair Corr
0.74	EPSM	Epsium Enterprise	Pair Corr
0.75	WEYS	Weyco Group	Pair Corr
0.72	ETSY	Etsy Inc	Pair Corr
0.73	WINA	Winmark	Pair Corr
0.83	EVGO	Evgo Inc	Pair Corr
0.83	WRBY	Warby Parker	Pair Corr
0.88	FIVE	Five Below	Pair Corr
0.68	AAP	Advance Auto Parts	Pair Corr
0.83	ABG	Asbury Automotive	Pair Corr
0.63	ANF	Abercrombie Fitch	Pair Corr
0.75	BBW	Build A Bear	Pair Corr
0.69	BBY	Best Buy	Pair Corr
0.92	BKE	Buckle Inc	Pair Corr

Moving against Amazon Stock

0.6	AZI	Autozi Internet Tech	Pair Corr
0.56	DIT	AMCON Distributing	Pair Corr
0.35	FLWS	1 800 FLOWERSCOM	Pair Corr

Related Correlations Analysis

	JD	PDD	SE	MELI	BABA	VIPS	JMIA	GLBE	ETSY
JD		0.68	-0.43	-0.55	0.71	0.56	-0.39	0.48	-0.32	JD
PDD	0.68		0.07	-0.02	0.91	0.81	0.07	0.54	-0.22	PDD
SE	-0.43	0.07		0.93	0.1	0.37	0.92	-0.13	0.7	SE
MELI	-0.55	-0.02	0.93		0.01	0.2	0.92	-0.09	0.55	MELI
BABA	0.71	0.91	0.1	0.01		0.84	0.13	0.65	-0.07	BABA
VIPS	0.56	0.81	0.37	0.2	0.84		0.38	0.4	0.27	VIPS
JMIA	-0.39	0.07	0.92	0.92	0.13	0.38		0.0	0.7	JMIA
GLBE	0.48	0.54	-0.13	-0.09	0.65	0.4	0.0		-0.19	GLBE
ETSY	-0.32	-0.22	0.7	0.55	-0.07	0.27	0.7	-0.19		ETSY
	JD	PDD	SE	MELI	BABA	VIPS	JMIA	GLBE	ETSY

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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

MELI	+ 0.93	SE
JMIA	+ 0.92	SE
JMIA	+ 0.92	MELI
BABA	+ 0.91	PDD
VIPS	+ 0.84	BABA
VIPS	+ 0.81	PDD

High negative correlations

MELI	- 0.55	JD
SE	- 0.43	JD
JMIA	- 0.39	JD
ETSY	- 0.32	JD
ETSY	- 0.22	PDD
ETSY	- 0.19	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
JD	1.93	(0.44)	0.00	(0.48)	0.00	0.00	4.83	(4.13)	11.87
PDD	2.15	(0.32)	0.00	(0.42)	0.00	0.00	4.22	(6.03)	19.77
SE	2.23	0.27	0.07	0.20	3.57	(2.17)	3.33	(4.68)	17.49
MELI	1.91	0.21	0.08	0.25	2.40	(1.87)	3.50	(4.75)	12.31
BABA	2.13	(0.36)	0.00	(0.36)	0.00	0.00	5.21	(6.23)	13.36
VIPS	1.82	(0.21)	0.00	(0.27)	0.00	0.00	4.49	(4.86)	14.19
JMIA	4.18	0.48	0.11	0.24	4.19	(4.83)	12.37	(6.42)	26.85
GLBE	2.75	(0.17)	0.00	(0.07)	0.00	0.00	4.52	(5.18)	40.17
ETSY	2.17	0.29	0.08	0.29	2.78	(1.96)	4.45	(5.57)	13.69

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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