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Correlation Analysis

Amazon.Com Inc vs Union Pacific Corp.

AMZN vs UNP

+0.525

Moderate 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

UNP logo

Union Pacific Corp.

UNP

Omaha, Nebraska-based Union Pacific is the largest public railroad in North America. Operating on more than 30,000 miles of track in the western two-thirds of the US, Union Pacific generated $24.5 billion of revenue in 2025 by hauling coal, industrial products, intermodal containers, agricultural goods, chemicals, fertilizers, and automotive goods. Union Pacific owns about one-fourth of Mexican railroad Ferromex and historically derives roughly 10% of its revenue hauling freight to and from Mexico.

Market cap 145.8B · 29,287 employees

Apr 9, 2021 — Apr 7, 2026Daily1,254 observationsStockStockTechnologyIndustrials

Time Series

Rebased to 100

Green: AMZNGray: UNP36 of 1,254 points (sampled)

Who Moves First

AMZN leads UNP by 6 days

AMZN tends to move before UNP.

Best correlation after shifting: +0.525 (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

-0.050

11 periods · Return correlation when both series rose

Both Falling

+0.769

7 periods · Return correlation when both series fell

Diverging

-0.718

17 periods · Return correlation when series moved apart

R-Squared

27.5%

Share of variance in one series explained by the other.

Trend Agreement

54.3%

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: [0.483, 0.563]

Scatter

XY Regression

75.380100120140160180200220240241.9187.6200220240260267.3Amazon.Com IncUnion Pacific Corp.Data pointsFit (r = 0.525)

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

UNP logo

Union Pacific Corp.

UNP

Market cap 145.8B · 29,287 employees

Stock · 1,254 raw → 1,254 prepared

Sign agreement

100.0%

How often both values share the same sign.

Zero crossings

32

Estimated crossover points between normalized spreads.

Slope

0.2125

Linear regression slope.

Intercept

191.7280

Linear regression intercept.

Related Extremes

Highest and Lowest Correlated

Saved 3 hours ago · ID: stock-amzn-vs-stock-unp-daily-20260408-u4ham3