Correlation Analysis
Amazon.Com Inc vs Bank of New York Mellon Corporation
AMZN vs BK
+0.845
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
Bank of New York Mellon Corporation
↗BK
Bank of New York Mellon is a global investment company involved in managing and servicing financial assets throughout the investment lifecycle. The bank provides financial services for institutions, corporations, and individual investors, delivering investment management and services in 35 countries and more than 100 markets. BNY is the largest global custody bank in the world, with $59.3 trillion in under custody or administration (as of December 2025), and can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute, or restructure investments. BNY's asset-management division manages about $2.2 trillion in assets.
Market cap 85.1B · 48,100 employees
Time Series
Rebased to 100
Who Moves First
AMZN leads BK by 6 days
AMZN tends to move before BK.
Best correlation after shifting: +0.847 (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
+0.525
14 periods · Return correlation when both series rose
Both Falling
+0.710
5 periods · Return correlation when both series fell
Diverging
-0.472
16 periods · Return correlation when series moved apart
R-Squared
71.4%
Share of variance in one series explained by the other.
Trend Agreement
59.1%
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: [0.829, 0.860]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
1,254 paired observations 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
Bank of New York Mellon Corporation
BK
Market cap 85.1B · 48,100 employees
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
25
Estimated crossover points between normalized spreads.
Slope
0.4734
Linear regression slope.
Intercept
-14.3849
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
BK
Bank of New York Mellon Corporation
Highest
+0.969
JPMorgan Chase & Co.
JPM · 1,254 observations
Lowest
+0.507
Exxon Mobil Corporation
XOM · 1,254 observations
Saved 3 hours ago · ID: stock-amzn-vs-stock-bk-daily-20260408-qv4lgn