Correlation Analysis
Amazon.Com Inc vs PAYEMS
AMZN vs PAYEMS
+0.363
Light positive
When one moves up, the other tends to follow.
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
PAYEMS
PAYEMS
Who Moves First
PAYEMS leads AMZN by 6 months
PAYEMS tends to move before AMZN.
Best correlation after shifting: +0.571 (13 shifts scanned)
Stability
Rolling Correlation
How the correlation evolves over time. A stable line means the relationship is reliable; large swings signal regime-dependent behavior.
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
-0.174
20 periods · Return correlation when both series rose
Both Falling
N/A
2 periods · Return correlation when both series fell
Diverging
+0.256
13 periods · Return correlation when series moved apart
R-Squared
13.2%
Share of variance in one series explained by the other.
Trend Agreement
62.7%
How often both series moved in the same direction period-to-period.
Overlap Quality
60
Thin shared window — 60 usable pairs.
Significance
p < 0.01
95% CI: [0.121, 0.565]
Time Series
Rebased to 100
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
60 paired observations survived the monthly window.
Raw input
1,254
1,047
Normalized
1,254
1,047
Prepared
61
1,047
Aligned
60
60
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
988
A: 1 / B: 987
Series A
Amazon.Com Inc
AMZN
Market cap 2.3T
Stock · 1,254 raw → 61 prepared
Series B
PAYEMS
FRED · 1,047 raw → 1,047 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
1
Estimated crossover points between normalized spreads.
Slope
34.4224
Linear regression slope.
Intercept
149193.9017
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
Saved 4 hours ago · ID: stock-amzn-vs-fred-payems-monthly-20260408-4tk44x