ALKT vs AMPL: Correlation
Alkami Technology, Inc. (ALKT) and Amplitude, Inc. (AMPL) show a moderate relationship: their 3-year correlation of weekly returns is 0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALKT and AMPL?
On 3 years of weekly data the ALKT/AMPL correlation comes out at 0.53, moderate. The relationship has been stable: the 1-year correlation (0.58) sits close to the 3-year figure. The 5-year figure is 0.52, and annualized covariance runs at 1351.7 %².
Within ALKT's tracked universe of 11 assets, AMPL comes in at #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with AMPL ahead by 44.2 points (-19.5% versus +24.7%).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ALKT vs AMPL: side by side
| ALKT (Alkami Technology, Inc.) | AMPL (Amplitude, Inc.) | |
|---|---|---|
| 1-year return | -19.5% | +24.7% |
| 5-year return | -28.5% | -73.9% |
| Volatility (ann.) | 45.4% | 56.0% |
| Beta vs S&P 500 | 1.31 | 1.42 |
| Max drawdown (3Y) | -65.4% | -61.1% |
| Market cap | $2.2B | $1.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALKT | AMPL |
|---|---|---|
| 2022 | -27.3% | -77.2% |
| 2023 | +66.2% | +5.3% |
| 2024 | +51.3% | -17.1% |
| 2025 | -37.1% | +9.8% |
| 2026 | -11.8% | +23.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALKT and AMPL good diversifiers for each other?
Only partially. A correlation of 0.53 means ALKT and AMPL share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ALKT and AMPL?
The ALKT/AMPL correlation stands at 0.53 on a 3-year window (1 year: 0.58, 5 years: 0.52), computed from weekly returns as of 2026-08-27.
Is AMPL a good diversifier for ALKT?
Only partially. A correlation of 0.53 means ALKT and AMPL share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.53 mean?
On the −1 to +1 scale, 0.53 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/alkt-vs-ampl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/alkt-vs-ampl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ALKT correlations · AMPL correlations
