O'Reilly Automotive, Inc. (ORLY) — Stock Correlations & Overview
Over the past year, ORLY has moved most closely with AZO, QQLV, EASY. Explore the stocks most correlated and inversely correlated with ORLY below, along with its price, financials, and company profile.
Stocks correlated with ORLY
Correlation of daily returns. Higher positive values move with ORLY; negative values move opposite it. Informational only, not investment advice.
Most correlated with ORLY
| Symbol | Company | Correlation |
|---|---|---|
| AZO | AutoZone, Inc.RETAIL-AUTO & HOME SUPPLY STORES | 0.79 |
| QQLV | Invesco QQQ Low Volatility ETF | 0.49 |
| EASY | Liberty One Defensive Dividend Growth ETF | 0.49 |
| HUSV | First Trust Horizon Managed Volatility Domestic ETF | 0.48 |
| AAP | ADVANCE AUTO PARTS INCRETAIL-AUTO & HOME SUPPLY STORES | 0.47 |
Frequently asked questions about ORLY correlations
- Which stocks are most correlated with ORLY?
- Based on one year of daily returns, the stocks most correlated with O'Reilly Automotive, Inc. (ORLY) are AZO (0.79), QQLV (0.49) and EASY (0.49). 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 ORLY?
- Over the past year, the stocks most inversely correlated with O'Reilly Automotive, Inc. (ORLY) are SZK (-0.44), EMTY (-0.43) and RXD (-0.40). 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 ORLY correlations calculated?
- We compute the correlation of daily returns between ORLY 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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