First: it works. Of course.
For me, the main criterion for assessing whether a stylus is good or not takes time to figure out however - the main question is how long it lasts. I'm tempted to suggest that I think this one will last longer than the pretty feeble MediaDevil Magicwand
(which costs £10 and lasted about a month); that's because the tip on the Amazon-branded product gives the impression that it's less adhesive and therefore less likely to 'grip' the surface it's touching. Less grip = less abrasion.
One negative point - it would have been useful (some might say essential) to have a hole in the opposite end so as to attach some sort of cord that can can be connected to the tablet/phone whatever. This product does not offer this facility, so it means there's a bigger chance of it getting lost or mislaid. I bought a couple of phone cases recently for some Samsung phones and they came with a free stylus that had a hole in the upper tip for just this purpose. The AmazonBasics Stylus is designed very much like a pen, one that when not being used can be put in a shirt or jacket pocket. That's fair enough but for home use, when the owner might be wearing clothing that has no pockets at all, it's of little use and the probability is that it will be put on a table or sideboard, maybe on the floor, and sooner or later it will get lost.
That's a shame because it could otherwise have been excellent - I think the main plus-point is that it will last longer than most due to its low-friction tip, but it might also get lost easily due to the absence of a hole (for a cord) in the other.