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Correlation Analysis

Amazon.Com Inc vs Digital Realty Trust, Inc.

AMZN vs DLR

+0.880

Very strong positive

When one moves up, the other tends to follow.

AMZN logo

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

DLR logo

Digital Realty Trust, Inc.

DLR

Digital Realty is one of the leading providers of cloud- and carrier-neutral data centers, offering colocation and interconnection services to hyperscalers and large businesses. Digital Realty operates 300 properties in 57 metropolitan areas across 31 countries, serving 5,000 customers. Renting physical space accounts for about 90% of Digital Realty's revenue. The firm enables hyperscalers and other clients to store servers, data, and networking equipment. The other 10% of revenue is generated primarily through interconnection services (8%) and other fee income (2%).

Market cap 62.5B · 4,282 employees

Apr 9, 2021 — Apr 7, 2026Daily1,254 observationsStockStockTechnologyReal Estate

Time Series

Rebased to 100

Green: AMZNGray: DLR36 of 1,254 points (sampled)

Who Moves First

in sync

AMZN and DLR tend to move at the same time.

Best correlation after shifting: +0.880 (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

+0.203

16 periods · Return correlation when both series rose

Both Falling

+0.442

7 periods · Return correlation when both series fell

Diverging

-0.657

12 periods · Return correlation when series moved apart

R-Squared

77.5%

Share of variance in one series explained by the other.

Trend Agreement

60.6%

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: [0.867, 0.892]

Scatter

XY Regression

75.380100120140160180200220240241.982.8100120140160180190.2Amazon.Com IncDigital Realty Trust, Inc.Data pointsFit (r = 0.88)

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

AMZN logo

Amazon.Com Inc

AMZN

Market cap 2.3T

Stock · 1,254 raw → 1,254 prepared

Series B

DLR logo

Digital Realty Trust, Inc.

DLR

Market cap 62.5B · 4,282 employees

Stock · 1,254 raw → 1,254 prepared

Sign agreement

100.0%

How often both values share the same sign.

Zero crossings

50

Estimated crossover points between normalized spreads.

Slope

0.5111

Linear regression slope.

Intercept

59.0344

Linear regression intercept.

Related Extremes

Highest and Lowest Correlated

Saved 3 hours ago · ID: stock-amzn-vs-stock-dlr-daily-20260408-mcx2m5