Correlation Analysis

Amazon.Com Inc vs DGS2

AMZN vs DGS2

-0.069

Weak inverse

When one moves up, the other tends to move down.

Amazon.Com Inc

↗

AMZN

Amazon is the leading online retailer and marketplace for third party sellers. Retail related revenue represents approximately 74% of total, followed by Amazon Web Services (17%), and advertising services (9%). International segments constitute 22% of Amazon's total revenue, led by Germany, the United Kingdom, and Japan.

Market cap 2.3T

DGS2

Apr 9, 2021 — Apr 6, 2026Daily1,244 observationsStockFREDTechnology

Who Moves First

AMZN leads DGS2 by 6 days

AMZN tends to move before DGS2.

Best correlation after shifting: -0.079 (13 shifts scanned)

Do They Crash Together?

Correlation by Market Regime

How these series behave when markets are rising, falling, or diverging. A correlation that holds in drawdowns is very different from one that only works in rallies.

Both Rising

-0.145

17 periods · Return correlation when both series rose

Both Falling

+0.091

5 periods · Return correlation when both series fell

Diverging

-0.741

13 periods · Return correlation when series moved apart

R-Squared

0.5%

Share of variance in one series explained by the other.

Trend Agreement

49.2%

How often both series moved in the same direction period-to-period.

Overlap Quality

1,244

Deep shared window — 1,244 usable pairs.

Significance

p < 0.05

95% CI: [-0.124, -0.014]

Time Series

Rebased to 100

Green: AMZNGray: DGS236 of 1,244 points (sampled)

Scatter

XY Regression

Pipeline

Data quality details

Pipeline Summary

1,244 paired observations survived the daily window.

Raw input

1,254

12,457

Normalized

1,254

12,457

Prepared

1,254

12,457

Aligned

1,244

Invalid removed

A: 0 / B: 0

Duplicates removed

A: 0 / B: 0

Alignment drops

11,223

A: 10 / B: 11213

Series A

Amazon.Com Inc

AMZN

Market cap 2.3T

Stock · 1,254 raw → 1,254 prepared

Series B

DGS2

FRED · 12,457 raw → 12,457 prepared

Sign agreement

100.0%

How often both values share the same sign.

Zero crossings

Estimated crossover points between normalized spreads.

Slope

-0.0025

Linear regression slope.

Intercept

3.7963

Linear regression intercept.

Related Extremes

Highest and Lowest Correlated

AMZN

Amazon.Com Inc

Highest

+0.941

Grayscale Bitcoin Trust ETF

GBTC · 1,066 observations

Lowest

-0.877

Humana Inc.

HUM · 1,254 observations

DGS2

Highest

+0.972

Market Yield on U.S. Treasury Securities at 10-Year Constant Maturity, Quoted on an Investment Basis

DGS10 · 12,455 observations

Lowest

-0.137

Tesla, Inc. Common Stock

TSLA · 1,244 observations

Saved 4 hours ago · ID: stock-amzn-vs-fred-dgs2-daily-20260408-6abakp