SeriesMagCorrOverlapThrough
These move together about 65% of the time
Strong positive
Strong enough to use as a signal — read the stability and regime notes below before relying on it.
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 2.8T · 1,576,000 employees
Founded in 2012, Coinbase is the leading cryptocurrency exchange platform in the United States. The company intends to be the safe and regulation-compliant point of entry for retail investors and institutions into the cryptocurrency economy. Users can establish an account directly with the firm, instead of using an intermediary, and many choose to allow Coinbase to act as a custodian for their cryptocurrency, giving the company breadth beyond that of a traditional financial exchange. While the company still generates the majority of its revenue from transaction fees charged to its retail customers, Coinbase uses internal investment and acquisitions to expand into adjacent businesses, such as
What to Watch
Unusual right now
Recent correlation (+35%) is 4.4σ from the long-run average of +84% — pair is behaving differently than usual.
Tighter in drawdowns
Pair moves more tightly when both fall (+46%) than when both rise (+10%) — typical risk-off behaviour.
Mostly stable
Correlation drifts a little but stays in the same neighbourhood.
Time Series
Time-Shifted Correlation
See how correlation changes when one series is offset in time. A taller bar at a non-zero shift means the two move together better when one leads the other — that's a potential lead/lag signal.
Correlation by shift
Click a bar to inspect. Range: -6 to 6 days.
Selected shift
No shift
Correlation at this shift
+84%
No shift — both series at their actual dates.
1,255 overlapping points at this shift
Time series with Coinbase Global, Inc. Class A Common Stock at original dates
Indexed to 100 at start
Deep Dive
Stability
How the correlation evolves over time. A stable line means the relationship is reliable; large swings signal regime-dependent behavior.
Corr
+84%
Pearson correlation
95% CI
+82% → +85%
Likely range
R²
70.1%
Variance explained
Trend agreement
65.0%
Same-direction moves
Significance
p < 0.001
Statistical confidence
Data points
1,255
Deep
Pipeline
Pipeline Summary
1,255 paired data points survived the daily window.
Raw input
1,255
1,255
Normalized
1,255
1,255
Prepared
1,255
1,255
Aligned
1,255
1,255
Invalid removed
Explore
The strongest positive and inverse pairs we’ve saved for each side of this comparison — good jumping-off points if this result raised a question.
Market cap 51.9B · 4,951 employees
Do They Crash Together?
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
+10%
98 periods · Return correlation when both series rose
Both Falling
+46%
85 periods · Return correlation when both series fell
Diverging
-38%
66 periods · Return correlation when series moved apart
Scatter
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 2.8T · 1,576,000 employees
Stock · 1,255 raw → 1,255 prepared
Series B
Coinbase Global, Inc. Class A Common Stock
COIN
Market cap 51.9B · 4,951 employees
Stock · 1,255 raw → 1,255 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
33
Estimated crossover points between normalized spreads.
Slope
1.8076
Linear regression slope.
Intercept
-119.5687
Linear regression intercept.
Saved yesterday · ID: stock:amzn|stock:coin|5Y
COIN
Coinbase Global, Inc. Class A Common Stock
Strongest positive