Correlation Analysis
Amazon.Com Inc vs Ares Management Corporation Class A Common Stock
AMZN vs ARES
+0.780
Strong 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
Ares Management Corporation Class A Common Stock
↗ARES
Ares Management is one of the world's largest alternative-asset managers, with $622.5 billion in total assets under management, or AUM, including $384.9 billion in fee-earning AUM, at the end of 2025. The company has four main business segments: credit strategies ($406.9 billion in total AUM and $249.8 billion in fee-earning AUM), private equity, ($25.3 billion/$14.4 billion), real estate/real assets ($139.1 billion/$84.1 billion), and other alternatives ($51.2 billion/$36.6 billion). The firm primarily serves institutional investors (80% of AUM) and high-net-worth individuals (20%). Ares operates through more than 35 offices in over 15 countries around the globe.
Market cap 23.1B · 4,250 employees
Time Series
Relative Performance
Who Moves First
ARES leads AMZN by 6 days
ARES tends to move before AMZN.
After testing 13 timing shifts, the strongest relationship was +0.786 (they moved in the same direction).
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
+0.416
17 periods · Return correlation when both series rose
Both Falling
+0.568
9 periods · Return correlation when both series fell
Diverging
-0.681
9 periods · Return correlation when series moved apart
R-Squared
60.8%
Share of variance in one series explained by the other.
Trend Agreement
65.0%
How often both series moved in the same direction period-to-period.
Overlap Quality
1,254
Deep shared window — 1,254 usable pairs.
Significance
p < 0.001
95% CI: [0.757, 0.801]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
1,254 paired data points survived the daily window.
Raw input
1,254
1,254
Normalized
1,254
1,254
Prepared
1,254
1,254
Aligned
1,254
1,254
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
0
A: 0 / B: 0
Series A
Amazon.Com Inc
AMZN
Market cap 2.3T
Stock · 1,254 raw → 1,254 prepared
Series B
Ares Management Corporation Class A Common Stock
ARES
Market cap 23.1B · 4,250 employees
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
32
Estimated crossover points between normalized spreads.
Slope
0.7572
Linear regression slope.
Intercept
-13.3429
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
AMZN
Amazon.Com Inc
Highest
+0.941
Grayscale Bitcoin Trust ETF
GBTC · 1,066 data points
Lowest
-0.877
Humana Inc.
HUM · 1,254 data points
ARES
Ares Management Corporation Class A Common Stock
Highest
+0.930
Mastercard Incorporated
MA · 1,254 data points
Lowest
-0.043
Johnson & Johnson
JNJ · 1,254 data points
Saved 5 hours ago · ID: stock-amzn-vs-stock-ares-daily-20260408-g6btz9