AMPL vs TEAM: Correlation
Measured on weekly returns over the past three years, Amplitude, Inc. (AMPL) and Atlassian Corporation (TEAM) carry a correlation of 0.64, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMPL and TEAM?
Over the past 3 years, AMPL and TEAM moved with a correlation of 0.64, which is strong. The relationship has been stable: the 1-year correlation (0.74) sits close to the 3-year figure. Over 5 years the correlation is 0.60, and the annualized covariance of weekly returns is 2186.9 %².
In AMPL's tracked universe of 29 assets, TEAM sits right near the top at #2. Their recent paths diverged sharply: over the last 12 months AMPL outperformed by 16.7 percentage points (+24.7% for AMPL against +8.0% for TEAM).
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 TEAM: side by side
| AMPL (Amplitude, Inc.) | TEAM (Atlassian Corporation) | |
|---|---|---|
| 1-year return | +24.7% | +8.0% |
| 5-year return | -73.9% | -49.3% |
| Volatility (ann.) | 56.0% | 61.5% |
| Beta vs S&P 500 | 1.42 | 1.66 |
| Max drawdown (3Y) | -61.1% | -82.3% |
| Market cap | $1.9B | $47.0B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMPL | TEAM |
|---|---|---|
| 2022 | -77.2% | -66.3% |
| 2023 | +5.3% | +84.8% |
| 2024 | -17.1% | +2.3% |
| 2025 | +9.8% | -33.4% |
| 2026 | +23.3% | +14.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMPL and TEAM good diversifiers for each other?
Only partially. A correlation of 0.64 means AMPL and TEAM 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 AMPL and TEAM?
The AMPL/TEAM correlation stands at 0.64 on a 3-year window (1 year: 0.74, 5 years: 0.60), computed from weekly returns as of 2026-08-27.
Is TEAM a good diversifier for AMPL?
Only partially. A correlation of 0.64 means AMPL and TEAM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.64 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.
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Related comparisons
Hubs: AMPL correlations · TEAM correlations
