OReilly Automotive Correlations

ORLY Stock

USD 1,205 15.87 1.33%

The current 90-days correlation between OReilly Automotive and Dicks Sporting Goods is 0.09 (i.e., Significant 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

Very weak diversification

The correlation between OReilly Automotive and DJI is 0.49 (i.e., Very weak 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.

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 bureau of economic analysis.

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

Moving together with OReilly Stock

0.69	BQ	Boqii Holding Limited	Pair Corr
0.7	HD	Home Depot	Pair Corr
0.87	LB	LandBridge Company	Pair Corr
0.78	VSCO	Victorias Secret	Pair Corr
0.71	WEYS	Weyco Group	Pair Corr
0.79	BBW	Build A Bear Earnings Call This Week	Pair Corr
0.73	LOW	Lowes Companies	Pair Corr
0.67	GLBE	Global E Online	Pair Corr

Moving against OReilly Stock

0.62	BGI	Birks Group	Pair Corr
0.61	ASO	Academy Sports Outdoors Earnings Call This Week	Pair Corr
0.57	DBI	Designer Brands	Pair Corr
0.55	DKS	Dicks Sporting Goods	Pair Corr
0.54	DIT	AMCON Distributing	Pair Corr
0.52	FND	Floor Decor Holdings	Pair Corr
0.36	AAP	Advance Auto Parts	Pair Corr
0.35	AEO	American Eagle Outfitters Sell-off Trend	Pair Corr
0.73	GNLN	Greenlane Holdings	Pair Corr
0.73	ARHS	Arhaus Inc	Pair Corr
0.71	ROST	Ross Stores	Pair Corr
0.69	LITB	LightInTheBox Holding Earnings Call This Week	Pair Corr
0.67	HVT	Haverty Furniture	Pair Corr
0.61	SCVL	Shoe Carnival	Pair Corr
0.5	GPC	Genuine Parts	Pair Corr
0.47	ZUMZ	Zumiez Inc	Pair Corr
0.46	KMX	CarMax Inc	Pair Corr
0.41	RAY	Raytech Holding	Pair Corr
0.41	BURL	Burlington Stores	Pair Corr
0.35	JILL	JJill Inc	Pair Corr
0.31	HZO	MarineMax	Pair Corr

Related Correlations Analysis

	DKS	ULTA	WSM	RH	AZO	GPC	FIVE	AAP	TSCO
DKS		0.01	-0.01	-0.47	0.39	0.7	-0.38	0.74	-0.24	DKS
ULTA	0.01		0.2	0.36	-0.19	0.15	0.51	0.0	0.0	ULTA
WSM	-0.01	0.2		0.54	-0.25	0.33	0.47	-0.08	0.43	WSM
RH	-0.47	0.36	0.54		-0.27	-0.25	0.73	-0.45	0.53	RH
AZO	0.39	-0.19	-0.25	-0.27		0.29	-0.51	0.43	0.16	AZO
GPC	0.7	0.15	0.33	-0.25	0.29		-0.09	0.46	0.23	GPC
FIVE	-0.38	0.51	0.47	0.73	-0.51	-0.09		-0.47	0.41	FIVE
AAP	0.74	0.0	-0.08	-0.45	0.43	0.46	-0.47		-0.38	AAP
TSCO	-0.24	0.0	0.43	0.53	0.16	0.23	0.41	-0.38		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

AAP	+ 0.74	DKS
FIVE	+ 0.73	RH
GPC	+ 0.7	DKS
RH	+ 0.54	WSM
TSCO	+ 0.53	RH
FIVE	+ 0.51	ULTA

High negative correlations

FIVE	- 0.51	AZO
AAP	- 0.47	FIVE
RH	- 0.47	DKS
AAP	- 0.45	RH
TSCO	- 0.38	AAP
FIVE	- 0.38	DKS

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	1.39	(0.26)	0.00	(0.36)	0.00	0.00	2.49	(3.16)	9.72
ULTA	1.38	(0.15)	0.00	(0.18)	0.00	0.00	2.89	(3.24)	8.40
WSM	2.24	0.40	0.13	0.90	2.35	(2.58)	4.52	(3.30)	13.79
RH	2.24	0.36	0.18	0.44	1.77	(2.90)	4.89	(3.29)	29.32
AZO	1.06	(0.12)	0.00	(0.12)	0.00	0.00	2.14	(1.68)	6.36
GPC	1.36	(0.26)	0.00	(0.16)	0.00	0.00	2.85	(2.36)	23.93
FIVE	2.50	0.20	0.02	(0.27)	2.88	(2.82)	5.04	(4.34)	16.58
AAP	2.49	(0.72)	0.00	(0.53)	0.00	0.00	4.92	(5.44)	19.31
TSCO	1.08	(0.02)	(0.03)	0.06	1.51	(1.10)	2.03	(2.25)	9.44

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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