Correlation Analysis
Amazon.Com Inc vs Ball Corporation
AMZN vs BALL
-0.030
Near-zero 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
Ball Corporation
↗BALL
Ball is the world's largest metal can manufacturer with market share over 30% in its three main regions (North America, Europe, and South America). The company is focused on increasing capacity amid a wave of new developed-market demand, while also investing in faster-growing emerging-market economies. Ball spun-off its glass jar business in 1993 and is now owned by Newell. The company reports three segments-beverage packaging, North and Central America (48% of 2025 revenue), beverage packaging, EMEA (30%), beverage packaging, South America (16%)-and it generated $13 billion in revenue in 2025.
Market cap 15.9B · 16,000 employees
Who Moves First
AMZN leads BALL by 4 days
AMZN tends to move before BALL.
Best correlation after shifting: -0.034 (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
+0.444
13 periods · Return correlation when both series rose
Both Falling
-0.294
7 periods · Return correlation when both series fell
Diverging
-0.742
15 periods · Return correlation when series moved apart
R-Squared
0.1%
Share of variance in one series explained by the other.
Trend Agreement
56.8%
How often both series moved in the same direction period-to-period.
Overlap Quality
980
Deep shared window — 980 usable pairs.
Significance
n.s.
95% CI: [-0.093, 0.032]
Time Series
Rebased to 100
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
980 paired observations survived the daily window.
Raw input
1,254
980
Normalized
1,254
980
Prepared
1,254
980
Aligned
980
980
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
274
A: 274 / B: 0
Series A
Amazon.Com Inc
AMZN
Market cap 2.3T
Stock · 1,254 raw → 1,254 prepared
Series B
Ball Corporation
BALL
Market cap 15.9B · 16,000 employees
Stock · 980 raw → 980 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
25
Estimated crossover points between normalized spreads.
Slope
-0.0043
Linear regression slope.
Intercept
57.9219
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
Saved 3 hours ago · ID: stock-amzn-vs-stock-ball-daily-20260408-e8utik