Correlation Analysis
Amazon.Com Inc vs Liberty Media Corporation Series C Liberty Formula One Common Stock
AMZN vs FWONK
+0.654
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
Liberty Media Corporation Series C Liberty Formula One Common Stock
↗FWONK
Liberty Media Corp along with its subsidiaries is engaged in the media and entertainment industries in North America and the United Kingdom. The company owns interests in a high-quality portfolio of assets across the media, entertainment and sports industries. It operates in two reportable segment Formula 1 and MotoGP. It generates majority of its revenue from the Formula 1 segment. The company derives its maximum revenue from United Kingdom.
Market cap 21.6B · 1,674 employees
Time Series
Rebased to 100
Who Moves First
in sync
AMZN and FWONK tend to move at the same time.
Best correlation after shifting: +0.654 (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
+0.547
17 periods · Return correlation when both series rose
Both Falling
+0.868
8 periods · Return correlation when both series fell
Diverging
-0.569
10 periods · Return correlation when series moved apart
R-Squared
42.8%
Share of variance in one series explained by the other.
Trend Agreement
60.7%
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: [0.621, 0.684]
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
Liberty Media Corporation Series C Liberty Formula One Common Stock
FWONK
Market cap 21.6B · 1,674 employees
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
22
Estimated crossover points between normalized spreads.
Slope
0.2443
Linear regression slope.
Intercept
31.9578
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
FWONK
Liberty Media Corporation Series C Liberty Formula One Common Stock
Highest
+0.875
Mastercard Incorporated
MA · 1,254 observations
Lowest
+0.184
Johnson & Johnson
JNJ · 1,254 observations
Saved 3 hours ago · ID: stock-amzn-vs-stock-fwonk-daily-20260408-oda16n