Correlation Analysis
Amazon.Com Inc vs Essex Property Trust, Inc
AMZN vs ESS
+0.370
Light 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
Essex Property Trust, Inc
↗ESS
Essex Property Trust owns a portfolio of 259 apartment communities with over 63,000 units. The company focuses on owning large, high-quality properties on the West Coast in the urban and suburban submarkets of Southern California, Northern California, and Seattle.
Market cap 16B · 1,689 employees
Time Series
Rebased to 100
Who Moves First
AMZN leads ESS by 6 days
AMZN tends to move before ESS.
Best correlation after shifting: +0.380 (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
-0.324
14 periods · Return correlation when both series rose
Both Falling
+0.530
9 periods · Return correlation when both series fell
Diverging
-0.638
12 periods · Return correlation when series moved apart
R-Squared
13.7%
Share of variance in one series explained by the other.
Trend Agreement
58.4%
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: [0.321, 0.417]
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
Essex Property Trust, Inc
ESS
Market cap 16B · 1,689 employees
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
55
Estimated crossover points between normalized spreads.
Slope
0.3475
Linear regression slope.
Intercept
212.8445
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
Saved 3 hours ago · ID: stock-amzn-vs-stock-ess-daily-20260408-hmh71b