AMPL vs WDAY: Correlation
Measured on weekly returns over the past three years, Amplitude, Inc. (AMPL) and Workday, Inc. (WDAY) 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 WDAY?
Across a 3-year window, the weekly returns of AMPL and WDAY correlate at 0.64, strong. The link has tightened recently: the 1-year correlation (0.76) runs above the 3-year figure (0.64). Stretching to 5 years gives 0.58, with an annualized covariance of 1436.7 %².
Few assets follow AMPL as closely as WDAY, which ranks #3 of 29 tracked partners. Correlation aside, the last 12 months split them widely, with AMPL ahead by 40.4 points (+24.7% versus -15.7%).
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.
AMPL vs WDAY: side by side
| AMPL (Amplitude, Inc.) | WDAY (Workday, Inc.) | |
|---|---|---|
| 1-year return | +24.7% | -15.7% |
| 5-year return | -73.9% | -28.7% |
| Volatility (ann.) | 56.0% | 40.0% |
| Beta vs S&P 500 | 1.42 | 1.09 |
| Max drawdown (3Y) | -61.1% | -63.4% |
| Market cap | $1.9B | $47.8B |
| P/E (trailing) | – | 59.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | AMPL | WDAY |
|---|---|---|
| 2022 | -77.2% | -38.7% |
| 2023 | +5.3% | +65.0% |
| 2024 | -17.1% | -6.5% |
| 2025 | +9.8% | -16.8% |
| 2026 | +23.3% | -9.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMPL and WDAY good diversifiers for each other?
Only partially. A correlation of 0.64 means AMPL and WDAY 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 WDAY?
Using weekly returns as of 2026-08-27: 0.64 over 3 years, with 0.76 over the last year and 0.58 over 5 years.
Is WDAY a good diversifier for AMPL?
Only partially. A correlation of 0.64 means AMPL and WDAY 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?
A reading of 0.64 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ampl-vs-wday.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ampl-vs-wday/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AMPL correlations · WDAY correlations
