AMPL vs VEEV: Correlation
Measured on weekly returns over the past three years, Amplitude, Inc. (AMPL) and Veeva Systems (VEEV) carry a correlation of 0.59, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMPL and VEEV?
Over the past 3 years, AMPL and VEEV moved with a correlation of 0.59, which is moderate. The past 12 months show a tighter link (0.77) than the 3-year average (0.59). Over 5 years the correlation is 0.54, and the annualized covariance of weekly returns is 1311.9 %².
By 3-year correlation, VEEV places #13 of the 29 assets tracked against AMPL. Their recent paths diverged sharply: over the last 12 months AMPL outperformed by 28.6 percentage points (+24.7% for AMPL against -3.9% for VEEV).
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 VEEV: side by side
| AMPL (Amplitude, Inc.) | VEEV (Veeva Systems) | |
|---|---|---|
| 1-year return | +24.7% | -3.9% |
| 5-year return | -73.9% | -15.2% |
| Volatility (ann.) | 56.0% | 40.0% |
| Beta vs S&P 500 | 1.42 | 0.99 |
| Max drawdown (3Y) | -61.1% | -50.5% |
| Market cap | $1.9B | $45.8B |
| P/E (trailing) | – | 46.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | AMPL | VEEV |
|---|---|---|
| 2022 | -77.2% | -36.8% |
| 2023 | +5.3% | +19.3% |
| 2024 | -17.1% | +9.2% |
| 2025 | +9.8% | +6.2% |
| 2026 | +23.3% | +26.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMPL and VEEV good diversifiers for each other?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AMPL and VEEV?
The AMPL/VEEV correlation stands at 0.59 on a 3-year window (1 year: 0.77, 5 years: 0.54), computed from weekly returns as of 2026-08-27.
Is VEEV a good diversifier for AMPL?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.59 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-veev.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ampl-vs-veev/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AMPL correlations · VEEV correlations
