Correlation Analysis
Amazon.Com Inc vs Palo Alto Networks, Inc. Common Stock
AMZN vs PANW
+0.758
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
Palo Alto Networks, Inc. Common Stock
↗PANW
Palo Alto Networks is a platform-based cybersecurity vendor with product offerings covering network security, cloud security, and security operations. The California-based firm has more than 80,000 enterprise customers across the world, including more than three-fourths of the Global 2000.
Market cap 131.3B · 17,027 employees
Time Series
Relative Performance
Who Moves First
PANW leads AMZN by 6 days
PANW tends to move before AMZN.
After testing 13 timing shifts, the strongest relationship was +0.761 (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
+0.314
19 periods · Return correlation when both series rose
Both Falling
+0.814
7 periods · Return correlation when both series fell
Diverging
-0.904
9 periods · Return correlation when series moved apart
R-Squared
57.5%
Share of variance in one series explained by the other.
Trend Agreement
66.2%
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: [0.734, 0.781]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
1,254 paired data points 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
Palo Alto Networks, Inc. Common Stock
PANW
Market cap 131.3B · 17,027 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
0.8529
Linear regression slope.
Intercept
-11.8366
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
PANW
Palo Alto Networks, Inc. Common Stock
Highest
+0.953
Meta Platforms, Inc. Class A Common Stock
META · 1,107 data points
Lowest
+0.069
Johnson & Johnson
JNJ · 1,254 data points
Saved 5 hours ago · ID: stock-amzn-vs-stock-panw-daily-20260408-y6xh7r