OReilly Automotive Correlations

ORLY Stock

USD 101.85 1.45 1.40%

The current 90-days correlation between OReilly Automotive and Advance Auto Parts is 0.21 (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 0.2 (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.

Build AI portfolio with OReilly Stock

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 signals in board of governors.

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

Moving together with OReilly Stock

0.65	MNRO	Monro Muffler Brake	Pair Corr
0.73	PTAIY	Astra International Tbk	Pair Corr
0.87	PUTKY	United Tractors Tbk	Pair Corr
0.84	HD	Home Depot	Pair Corr
0.68	FNMFO	Federal National Mortgage	Pair Corr
0.68	DOMH	Dominari Holdings	Pair Corr
0.64	UI	Ubiquiti Networks	Pair Corr
0.67	TR	Tootsie Roll Industries	Pair Corr
0.64	PBNAF	Pembina Pipeline	Pair Corr
0.73	DSVSF	Discovery Metals Corp	Pair Corr
0.78	PYTCF	Playtech plc	Pair Corr
0.82	ACSAY	ACS Actividades De	Pair Corr

Moving against OReilly Stock

0.72	PKX	POSCO Holdings	Pair Corr
0.63	PIFMY	Indofood Sukses Makmur	Pair Corr
0.41	PTAIF	PT Astra International	Pair Corr

Related Correlations Analysis

	AAP	AZO	DLTR	FIVE	GPC	ROST	TSCO
AAP		0.08	-0.32	0.27	0.07	-0.01	-0.05	AAP
AZO	0.08		-0.56	0.68	0.91	0.93	0.33	AZO
DLTR	-0.32	-0.56		-0.79	-0.47	-0.49	0.5	DLTR
FIVE	0.27	0.68	-0.79		0.67	0.68	-0.13	FIVE
GPC	0.07	0.91	-0.47	0.67		0.91	0.37	GPC
ROST	-0.01	0.93	-0.49	0.68	0.91		0.22	ROST
TSCO	-0.05	0.33	0.5	-0.13	0.37	0.22		TSCO
	AAP	AZO	DLTR	FIVE	GPC	ROST	TSCO

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

ROST	+ 0.93	AZO
GPC	+ 0.91	AZO
ROST	+ 0.91	GPC
FIVE	+ 0.68	AZO
ROST	+ 0.68	FIVE
GPC	+ 0.67	FIVE

High negative correlations

FIVE	- 0.79	DLTR
DLTR	- 0.56	AZO
ROST	- 0.49	DLTR
GPC	- 0.47	DLTR
DLTR	- 0.32	AAP
TSCO	- 0.13	FIVE

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
AAP	2.22	(0.14)	0.00	(0.02)	0.00	0.00	5.19	(4.94)	15.71
AZO	0.97	0.12	0.07	0.42	0.93	(1.10)	2.20	(2.00)	5.18
DLTR	1.29	(0.40)	0.00	(0.99)	0.00	0.00	2.00	(3.05)	10.56
FIVE	1.68	0.15	0.08	0.20	1.80	(1.93)	4.58	(3.29)	10.59
GPC	1.00	0.04	0.07	0.10	0.93	(1.18)	2.35	(1.75)	9.99
ROST	1.05	0.17	0.13	0.25	0.91	(1.15)	2.78	(1.93)	5.88
TSCO	1.08	(0.14)	0.00	(0.08)	0.00	0.00	2.19	(2.07)	5.81

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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