GraniteShares 2x Long AMZN Daily ETF (AMZZ) — Stock Correlations & Overview
Over the past year, AMZZ has moved most closely with AMZN, AMZU, AMZW. Explore the stocks most correlated and inversely correlated with AMZZ below, along with its price, financials, and company profile.
Stocks correlated with AMZZ
Correlation of daily returns. Higher positive values move with AMZZ; negative values move opposite it. Informational only, not investment advice.
Most correlated with AMZZ
| Symbol | Company | Correlation |
|---|---|---|
| AMZN | Amazon.Com IncRETAIL-CATALOG & MAIL-ORDER HOUSES | 1.00 |
| AMZU | Direxion Shares ETF Trust Direxion Daily AMZN Bull 2X ETF | 1.00 |
| AMZW | Roundhill AMZN WeeklyPay ETF | 0.98 |
| AMZP | Kurv Yield Premium Strategy Amazon (AMZN) ETF | 0.97 |
| AMZY | YieldMax AMZN Option Income Strategy ETF | 0.96 |
Most inversely correlated with AMZZ
| Symbol | Company | Correlation |
|---|---|---|
| AMZD | Direxion Shares ETF Trust Direxion Daily AMZN Bear 1X ETF | -0.99 |
| SCC | ProShares UltraShort Consumer Discretionary | -0.73 |
| QQQD | Direxion Daily Magnificent 7 Bear 1X ETF | -0.71 |
| QQDN | ProShares Trust ProShares UltraShort QQQ Mega | -0.62 |
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.62 |
Frequently asked questions about AMZZ correlations
- Which stocks are most correlated with AMZZ?
- Based on one year of daily returns, the stocks most correlated with GraniteShares 2x Long AMZN Daily ETF (AMZZ) are AMZN (1.00), AMZU (1.00) and AMZW (0.98). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with AMZZ?
- Over the past year, the stocks most inversely correlated with GraniteShares 2x Long AMZN Daily ETF (AMZZ) are AMZD (-0.99), SCC (-0.73) and QQQD (-0.71). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these AMZZ correlations calculated?
- We compute the correlation of daily returns between AMZZ and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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