Amazon Correlations

AMZN Stock

USD 226.50 4.32 1.87%

The current 90-days correlation between Amazon Inc and Alibaba Group Holding is 0.18 (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

Very weak diversification

The correlation between Amazon Inc and DJI is 0.44 (i.e., Very weak 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

0.66

IBM

International Business

Pair Corr

Moving against Amazon Stock

0.37	HEPS	D MARKET Electronic	Pair Corr
0.42	T	ATT Inc	Pair Corr
0.32	BA	Boeing	Pair Corr

Related Correlations Analysis

	BABA	RERE	CASY	LQDT	ETSY	RH	LITB	RVLV	GME	TLF
BABA		-0.56	-0.22	-0.54	0.78	0.58	0.33	-0.65	0.74	0.78	BABA
RERE	-0.56		0.45	0.91	-0.55	0.03	-0.48	0.9	-0.08	-0.69	RERE
CASY	-0.22	0.45		0.51	-0.12	0.18	-0.69	0.35	0.18	-0.36	CASY
LQDT	-0.54	0.91	0.51		-0.58	-0.01	-0.51	0.88	-0.08	-0.71	LQDT
ETSY	0.78	-0.55	-0.12	-0.58		0.69	0.34	-0.57	0.64	0.9	ETSY
RH	0.58	0.03	0.18	-0.01	0.69		0.19	-0.01	0.67	0.54	RH
LITB	0.33	-0.48	-0.69	-0.51	0.34	0.19		-0.26	-0.06	0.57	LITB
RVLV	-0.65	0.9	0.35	0.88	-0.57	-0.01	-0.26		-0.32	-0.69	RVLV
GME	0.74	-0.08	0.18	-0.08	0.64	0.67	-0.06	-0.32		0.54	GME
TLF	0.78	-0.69	-0.36	-0.71	0.9	0.54	0.57	-0.69	0.54		TLF
	BABA	RERE	CASY	LQDT	ETSY	RH	LITB	RVLV	GME	TLF

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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

LQDT	+ 0.91	RERE
RVLV	+ 0.9	RERE
TLF	+ 0.9	ETSY
RVLV	+ 0.88	LQDT
ETSY	+ 0.78	BABA
TLF	+ 0.78	BABA

High negative correlations

TLF	- 0.71	LQDT
TLF	- 0.69	RVLV
LITB	- 0.69	CASY
TLF	- 0.69	RERE
RVLV	- 0.65	BABA
ETSY	- 0.58	LQDT

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
BABA	1.89	(0.24)	0.00	(0.21)	0.00	0.00	4.42	(3.78)	12.04
RERE	2.10	0.19	0.06	0.16	3.16	(2.02)	5.07	(4.61)	13.11
CASY	1.10	(0.03)	0.00	(0.14)	0.00	0.00	2.01	(2.25)	9.89
LQDT	1.95	0.07	0.04	0.11	2.39	(2.05)	4.79	(3.97)	16.86
ETSY	2.34	(0.29)	0.00	(0.09)	0.00	0.00	3.88	(5.67)	18.97
RH	2.68	(0.17)	0.00	(0.01)	0.00	0.00	5.67	(4.91)	13.04
LITB	4.93	0.44	0.08	0.40	5.34	(5.30)	15.14	(9.47)	32.15
RVLV	2.60	0.42	0.18	0.26	2.33	(3.11)	6.43	(4.91)	15.93
GME	1.63	(0.46)	0.00	(0.51)	0.00	0.00	3.37	(3.42)	9.35
TLF	1.17	(0.18)	0.00	(0.32)	0.00	0.00	1.86	(2.63)	9.10

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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