Correlation Analysis
Amazon.Com Inc vs Grayscale Bitcoin Trust ETF
AMZN vs GBTC
+0.941
Very 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
Grayscale Bitcoin Trust ETF
GBTC
Time Series
Rebased to 100
Who Moves First
GBTC leads AMZN by 6 days
GBTC tends to move before AMZN.
Best correlation after shifting: +0.942 (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
+0.256
17 periods · Return correlation when both series rose
Both Falling
+0.097
11 periods · Return correlation when both series fell
Diverging
-0.267
7 periods · Return correlation when series moved apart
R-Squared
88.5%
Share of variance in one series explained by the other.
Trend Agreement
62.2%
How often both series moved in the same direction period-to-period.
Overlap Quality
1,066
Deep shared window — 1,066 usable pairs.
Significance
p < 0.001
95% CI: [0.933, 0.947]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
1,066 paired observations survived the daily window.
Raw input
1,254
1,066
Normalized
1,254
1,066
Prepared
1,254
1,066
Aligned
1,066
1,066
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
188
A: 188 / B: 0
Series A
Amazon.Com Inc
AMZN
Market cap 2.3T
Stock · 1,254 raw → 1,254 prepared
Series B
Grayscale Bitcoin Trust ETF
GBTC
Stock · 1,066 raw → 1,066 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
58
Estimated crossover points between normalized spreads.
Slope
0.5567
Linear regression slope.
Intercept
-48.1918
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
Saved 3 hours ago · ID: stock-amzn-vs-stock-gbtc-daily-20260408-tkgoqh