AutoZone Correlations

AZ5 Stock

EUR 3,204 43.00 1.32%

The current 90-days correlation between AutoZone and BYD LTD ADR2 is -0.16 (i.e., Good diversification). The correlation of AutoZone 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.

AutoZone Correlation With Market

Very good diversification

The correlation between AutoZone and DJI is -0.39 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AutoZone and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to AutoZone could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AutoZone when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back AutoZone - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling AutoZone to buy it.

Moving against AutoZone Stock

0.57	PQ9	BANK MANDIRI	Pair Corr
0.56	SK3	Smurfit Kappa Group	Pair Corr
0.45	CVC1	Carnival plc	Pair Corr
0.37	32GA	Thunderbird Entertainment	Pair Corr
0.31	PQ9	BANK MANDIRI	Pair Corr
0.77	4QVA	Siamgas and Petroche	Pair Corr
0.69	NP5	NEWRON PHARMACEUT	Pair Corr
0.59	IRV	Integra Resources Corp	Pair Corr
0.55	FUCA	FANUC PUNSPADR 110	Pair Corr
0.53	JP71	Havas NV	Pair Corr
0.49	DBPE	Xtrackers LevDAX	Pair Corr
0.48	BFP	BBVA Banco Frances Earnings Call This Week	Pair Corr
0.46	1QK	Aedas Homes SA	Pair Corr

Related Correlations Analysis

	WMTD	WMT	WMT	AMZ	AMZ1	AMZ	BY6A	BY6	013A	013C
WMTD		0.81	0.81	-0.66	-0.56	-0.65	-0.15	-0.2	-0.73	-0.69	WMTD
WMT	0.81		1.0	-0.58	-0.39	-0.53	-0.25	-0.39	-0.7	-0.65	WMT
WMT	0.81	1.0		-0.57	-0.39	-0.52	-0.26	-0.38	-0.7	-0.66	WMT
AMZ	-0.66	-0.58	-0.57		0.86	0.96	0.23	0.31	0.74	0.75	AMZ
AMZ1	-0.56	-0.39	-0.39	0.86		0.91	0.06	0.09	0.55	0.57	AMZ1
AMZ	-0.65	-0.53	-0.52	0.96	0.91		0.21	0.23	0.7	0.73	AMZ
BY6A	-0.15	-0.25	-0.26	0.23	0.06	0.21		0.73	0.45	0.47	BY6A
BY6	-0.2	-0.39	-0.38	0.31	0.09	0.23	0.73		0.52	0.51	BY6
013A	-0.73	-0.7	-0.7	0.74	0.55	0.7	0.45	0.52		0.95	013A
013C	-0.69	-0.65	-0.66	0.75	0.57	0.73	0.47	0.51	0.95		013C
	WMTD	WMT	WMT	AMZ	AMZ1	AMZ	BY6A	BY6	013A	013C

Please upgrade your account to get full access to Macroaxis premium features

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

WMT	+ 1.0	WMT
AMZ	+ 0.96	AMZ
013C	+ 0.95	013A
AMZ	+ 0.91	AMZ1
AMZ1	+ 0.86	AMZ
WMT	+ 0.81	WMTD

High negative correlations

013A	- 0.73	WMTD
013A	- 0.7	WMT
013A	- 0.7	WMT
013C	- 0.69	WMTD
013C	- 0.66	WMT
AMZ	- 0.66	WMTD

Risk-Adjusted Indicators

There is a big difference between AutoZone Stock performing well and AutoZone 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 AutoZone'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
WMTD	1.70	0.36	0.12	(2.57)	1.84	(1.92)	3.92	(3.14)	9.70
WMT	1.33	0.38	0.16	(0.60)	1.21	(1.60)	3.77	(2.27)	11.31
WMT	1.31	0.37	0.15	(0.46)	1.14	(1.48)	3.26	(2.23)	10.87
AMZ	1.45	(0.20)	0.00	(0.21)	0.00	0.00	2.56	(2.91)	11.65
AMZ1	2.66	(0.09)	0.00	1.41	0.00	0.00	6.37	(5.88)	23.77
AMZ	1.35	(0.22)	0.00	(1.31)	0.00	0.00	2.52	(2.66)	9.94
BY6A	2.13	0.04	(0.02)	(0.69)	2.72	(2.31)	4.31	(4.50)	15.26
BY6	1.49	(0.05)	0.00	(0.03)	0.00	0.00	3.55	(3.04)	11.18
013A	1.18	(0.11)	0.00	(0.96)	0.00	0.00	2.39	(2.56)	7.52
013C	1.61	(0.11)	0.00	(0.50)	0.00	0.00	2.80	(3.29)	10.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in AutoZone without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Companies Directory Now

Companies Directory

Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals

All Next

Launch Module

AutoZone Corporate Management

Elected by the shareholders, the AutoZone's board of directors comprises two types of representatives: AutoZone inside directors who are chosen from within the company, and outside directors, selected externally and held independent of AutoZone. The board's role is to monitor AutoZone's management team and ensure that shareholders' interests are well served. AutoZone'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, AutoZone's outside directors are responsible for providing unbiased perspectives on the board's policies.

Jennifer Bedsole	General VP	Profile
Richard Smith	VP Satisfaction	Profile
Jamere Jackson	Exec CFO	Profile
Philip Daniele	Supply Merchandising	Profile
Eric Gould	Marketing Merchandising	Profile
Eric Leef	Senior Satisfaction	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC