Which stocks are most correlated with AZO?

Based on one year of daily returns, the stocks most correlated with AutoZone, Inc. (AZO) are ORLY (0.79), AAP (0.48) and QQLV (0.47). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.

Which stocks are inversely correlated with AZO?

Over the past year, the stocks most inversely correlated with AutoZone, Inc. (AZO) are SZK (-0.43), EMTY (-0.41) and RXD (-0.38). A negative correlation means the two stocks have tended to move in opposite directions.

AutoZone, Inc. (AZO) — Stock Correlations & Overview

Over the past year, AZO has moved most closely with ORLY, AAP, QQLV. Explore the stocks most correlated and inversely correlated with AZO below, along with its price, financials, and company profile.

Stocks correlated with AZO

Correlation of daily returns. Higher positive values move with AZO; negative values move opposite it. Informational only, not investment advice.

Most correlated with AZO

Symbol	Company	Correlation
ORLY	O'Reilly Automotive, Inc.RETAIL-AUTO & HOME SUPPLY STORES	0.79
AAP	ADVANCE AUTO PARTS INCRETAIL-AUTO & HOME SUPPLY STORES	0.48
QQLV	Invesco QQQ Low Volatility ETF	0.47
HUSV	First Trust Horizon Managed Volatility Domestic ETF	0.46
EASY	Liberty One Defensive Dividend Growth ETF	0.44

Most inversely correlated with AZO

Symbol	Company	Correlation
SZK	ProShares UltraShort Consumer Staples	-0.43
EMTY	ProShares Decline of the Retail Store ETF	-0.41
RXD	ProShares UltraShort Health Care	-0.38
REK	ProShares Short Real Estate	-0.31
SRS	ProShares UltraShort Real Estate	-0.29

Frequently asked questions about AZO correlations

Which stocks are most correlated with AZO?: Based on one year of daily returns, the stocks most correlated with AutoZone, Inc. (AZO) are ORLY (0.79), AAP (0.48) and QQLV (0.47). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
Which stocks are inversely correlated with AZO?: Over the past year, the stocks most inversely correlated with AutoZone, Inc. (AZO) are SZK (-0.43), EMTY (-0.41) and RXD (-0.38). A negative correlation means the two stocks have tended to move in opposite directions.
What does a correlation of 0.8 mean for a stock?: Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
How are these AZO correlations calculated?: We compute the correlation of daily returns between AZO and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.

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