Correlation Analysis
Amazon.Com Inc vs Credo Technology Group Holding Ltd Ordinary Shares
AMZN vs CRDO
+0.799
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
Credo Technology Group Holding Ltd Ordinary Shares
↗CRDO
Credo Technology Group Holding Ltd delivers high-speed solutions to break bandwidth barriers on every wired connection in the data infrastructure market. It provides secure, high-speed connectivity solutions that deliver improved power and cost efficiency as data rates and corresponding bandwidth requirements increase exponentially throughout the data infrastructure market. It has a geographic presence in Hong Kong, the United States, Mainland China, Taiwan, and the Rest of the World.
Market cap 18.9B · 622 employees
Time Series
Relative Performance
Who Moves First
in sync
AMZN and CRDO tend to move at the same time.
After testing 13 timing shifts, the strongest relationship was +0.799 (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
+0.589
16 periods · Return correlation when both series rose
Both Falling
+0.745
5 periods · Return correlation when both series fell
Diverging
-0.577
14 periods · Return correlation when series moved apart
R-Squared
63.9%
Share of variance in one series explained by the other.
Trend Agreement
64.0%
How often both series moved in the same direction period-to-period.
Overlap Quality
1,051
Deep shared window — 1,051 usable pairs.
Significance
p < 0.001
95% CI: [0.776, 0.820]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
1,051 paired data points survived the daily window.
Raw input
1,254
1,051
Normalized
1,254
1,051
Prepared
1,254
1,051
Aligned
1,051
1,051
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
203
A: 203 / B: 0
Series A
Amazon.Com Inc
AMZN
Market cap 2.3T
Stock · 1,254 raw → 1,254 prepared
Series B
Credo Technology Group Holding Ltd Ordinary Shares
CRDO
Market cap 18.9B · 622 employees
Stock · 1,051 raw → 1,051 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
25
Estimated crossover points between normalized spreads.
Slope
0.7970
Linear regression slope.
Intercept
-87.3993
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
CRDO
Credo Technology Group Holding Ltd Ordinary Shares
Highest
+0.906
JPMorgan Chase & Co.
JPM · 1,051 data points
Lowest
+0.489
Exxon Mobil Corporation
XOM · 1,051 data points
Saved 5 hours ago · ID: stock-amzn-vs-stock-crdo-daily-20260408-ifxfgc