OReilly Automotive Correlations

ORLY Stock

USD 1,406 1.32 0.09%

The current 90-days correlation between OReilly Automotive and Dicks Sporting Goods is 0.29 (i.e., Modest diversification). The correlation of OReilly Automotive is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

OReilly Automotive Correlation With Market

Modest diversification

The correlation between OReilly Automotive and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding OReilly Automotive and DJI in the same portfolio, assuming nothing else is changed.

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in OReilly Automotive. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices.

For more information on how to buy OReilly Stock please use our How to Invest in OReilly Automotive guide.

Moving together with OReilly Stock

0.85

AZO

AutoZone

Pair Corr

Moving against OReilly Stock

0.7	NAAS	Naas Technology ADR Earnings Call This Week	Pair Corr
0.6	FLWS	1 800 FLOWERSCOM	Pair Corr
0.59	EVGOW	EVgo Equity Warrants	Pair Corr
0.58	NVVE	Nuvve Holding Corp	Pair Corr
0.57	RH	RH	Pair Corr
0.54	BQ	Boqii Holding Limited	Pair Corr
0.53	MNSO	Miniso Group Holding	Pair Corr
0.5	ASO	Academy Sports Outdoors	Pair Corr
0.46	DKS	Dicks Sporting Goods	Pair Corr
0.45	AAP	Advance Auto Parts	Pair Corr
0.44	OLPX	Olaplex Holdings	Pair Corr
0.43	BBY	Best Buy	Pair Corr
0.42	FIVE	Five Below	Pair Corr
0.63	WSM	Williams Sonoma	Pair Corr
0.62	TLF	Tandy Leather Factory Earnings Call This Week	Pair Corr
0.61	ODP	ODP Corp Earnings Call This Week	Pair Corr
0.6	BARK	Original Bark	Pair Corr
0.58	HZO	MarineMax	Pair Corr
0.55	ARKO	Arko Corp	Pair Corr
0.48	SBH	Sally Beauty Holdings Earnings Call This Week	Pair Corr
0.47	BBWI	Bath Body Works	Pair Corr
0.46	GRWG	GrowGeneration Corp Earnings Call This Week	Pair Corr
0.45	ZOOZ	ZOOZ Power	Pair Corr
0.34	HTLM	HomesToLife	Pair Corr

Related Correlations Analysis

	DKS	ULTA	WSM	RH	AZO	GPC	FIVE	AAP	TSCO
DKS		0.32	0.95	0.97	-0.59	0.45	0.88	0.88	0.75	DKS
ULTA	0.32		0.19	0.26	0.12	-0.14	0.43	0.31	-0.05	ULTA
WSM	0.95	0.19		0.97	-0.7	0.54	0.9	0.84	0.74	WSM
RH	0.97	0.26	0.97		-0.7	0.4	0.9	0.9	0.7	RH
AZO	-0.59	0.12	-0.7	-0.7		-0.07	-0.51	-0.53	-0.32	AZO
GPC	0.45	-0.14	0.54	0.4	-0.07		0.53	0.31	0.7	GPC
FIVE	0.88	0.43	0.9	0.9	-0.51	0.53		0.75	0.62	FIVE
AAP	0.88	0.31	0.84	0.9	-0.53	0.31	0.75		0.64	AAP
TSCO	0.75	-0.05	0.74	0.7	-0.32	0.7	0.62	0.64		TSCO
	DKS	ULTA	WSM	RH	AZO	GPC	FIVE	AAP	TSCO

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

RH	+ 0.97	DKS
RH	+ 0.97	WSM
WSM	+ 0.95	DKS
FIVE	+ 0.9	WSM
FIVE	+ 0.9	RH
AAP	+ 0.9	RH

High negative correlations

AZO	- 0.7	RH
AZO	- 0.7	WSM
AZO	- 0.59	DKS
AAP	- 0.53	AZO
FIVE	- 0.51	AZO
TSCO	- 0.32	AZO

Risk-Adjusted Indicators

There is a big difference between OReilly Stock performing well and OReilly Automotive Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze OReilly Automotive's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DKS	2.35	(0.27)	0.00	4.07	0.00	0.00	3.43	(4.73)	20.55
ULTA	2.09	(0.02)	0.04	0.09	2.79	(2.09)	3.56	(4.48)	18.25
WSM	2.48	(0.36)	0.00	0.76	0.00	0.00	3.86	(5.62)	20.33
RH	4.40	(0.90)	0.00	0.70	0.00	0.00	6.47	(10.12)	46.55
AZO	1.08	0.17	0.15	0.56	1.57	(1.13)	2.37	(2.14)	8.76
GPC	1.45	0.10	0.09	0.53	2.08	(1.38)	2.75	(3.09)	10.00
FIVE	3.28	(0.04)	0.02	0.01	5.72	(3.51)	7.24	(5.11)	34.51
AAP	2.65	0.00	0.00	0.00	0.00	0.00	5.18	(6.84)	24.97
TSCO	1.61	(0.06)	0.00	(0.31)	0.00	0.00	2.79	(3.41)	10.41

OReilly Automotive Corporate Executives

Elected by the shareholders, the OReilly Automotive's board of directors comprises two types of representatives: OReilly Automotive inside directors who are chosen from within the company, and outside directors, selected externally and held independent of OReilly. The board's role is to monitor OReilly Automotive's management team and ensure that shareholders' interests are well served. OReilly Automotive's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, OReilly Automotive's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Jeremy CPA	Executive CFO	Profile
	Thomas McFall	CFO and Executive VP of Fin.	Profile

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