AMPL vs NOW: Correlation
Amplitude, Inc. (AMPL) and ServiceNow (NOW) show a strong relationship: their 3-year correlation of weekly returns is 0.62.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMPL and NOW?
On 3 years of weekly data the AMPL/NOW correlation comes out at 0.62, strong. The relationship has been stable: the 1-year correlation (0.71) sits close to the 3-year figure. The 5-year figure is 0.58, and annualized covariance runs at 1491.2 %².
By 3-year correlation, NOW places #8 of the 29 assets tracked against AMPL. Their recent paths diverged sharply: over the last 12 months AMPL outperformed by 46.8 percentage points (+24.7% for AMPL against -22.1% for NOW).
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.
AMPL vs NOW: side by side
| AMPL (Amplitude, Inc.) | NOW (ServiceNow) | |
|---|---|---|
| 1-year return | +24.7% | -22.1% |
| 5-year return | -73.9% | +7.9% |
| Volatility (ann.) | 56.0% | 43.2% |
| Beta vs S&P 500 | 1.42 | 1.38 |
| Max drawdown (3Y) | -61.1% | -64.5% |
| Market cap | $1.9B | $143.1B |
| P/E (trailing) | – | 78.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | AMPL | NOW |
|---|---|---|
| 2022 | -77.2% | -40.2% |
| 2023 | +5.3% | +82.0% |
| 2024 | -17.1% | +50.1% |
| 2025 | +9.8% | -27.7% |
| 2026 | +23.3% | -9.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMPL and NOW good diversifiers for each other?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AMPL and NOW?
Using weekly returns as of 2026-08-27: 0.62 over 3 years, with 0.71 over the last year and 0.58 over 5 years.
Is NOW a good diversifier for AMPL?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.62 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ampl-vs-now.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ampl-vs-now/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AMPL correlations · NOW correlations
