OReilly Automotive Correlations
| ORLY34 Stock | BRL 17.06 0.20 1.16% |
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as OReilly Automotive moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if OReilly Automotive moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Good diversification
The correlation between OReilly Automotive and NYA is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding OReilly Automotive and NYA in the same portfolio, assuming nothing else is changed.
OReilly |
The ability to find closely correlated positions to OReilly Automotive could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace OReilly Automotive 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 OReilly Automotive - 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 OReilly Automotive to buy it.
Moving together with OReilly Stock
| 0.87 | BBYY34 | Best Buy | PairCorr |
| 0.69 | B1BW34 | Bath Body Works | PairCorr |
| 0.86 | A1AP34 | Advance Auto Parts | PairCorr |
| 0.74 | TMCO34 | Toyota Motor | PairCorr |
| 0.84 | HOND34 | Honda Motor | PairCorr |
| 0.65 | M1UF34 | Mitsubishi UFJ Financial | PairCorr |
| 0.74 | S1MF34 | Sumitomo Mitsui Financial | PairCorr |
| 0.66 | TSMC34 | Taiwan Semiconductor | PairCorr |
| 0.87 | NMRH34 | Nomura Holdings | PairCorr |
| 0.7 | JDCO34 | JD Inc | PairCorr |
Moving against OReilly Stock
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Z1OM34 | 1.49 | (0.03) | 0.00 | 0.09 | 0.00 | 3.73 | 14.63 | |||
| BROF11 | 0.83 | 0.07 | 0.01 | (0.35) | 0.85 | 2.58 | 6.96 | |||
| A1IV34 | 1.33 | 0.11 | 0.04 | 0.27 | 1.93 | 3.74 | 11.16 | |||
| A1MP34 | 0.91 | 0.15 | 0.07 | 0.67 | 1.16 | 1.96 | 6.60 | |||
| U1AL34 | 1.95 | 0.41 | 0.10 | 1.35 | 1.92 | 4.89 | 21.85 | |||
| FIQE3 | 1.44 | 0.04 | 0.00 | 0.43 | 1.86 | 3.19 | 17.08 | |||
| CHCM34 | 1.70 | (0.47) | 0.00 | (0.60) | 0.00 | 2.55 | 17.71 | |||
| GPIV33 | 1.68 | 0.46 | 0.20 | 0.63 | 1.52 | 4.17 | 9.95 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in OReilly Automotive 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?
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OReilly Automotive Corporate Management
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.
| Gregory Henslee | Ex Chairman | Profile | |
| Thomas McFall | Ex VP | Profile | |
| Jeremy Fletcher | Ex CFO | Profile | |
| David OReilly | Ex Chairman | Profile | |
| Jeffrey Groves | Sr Counsel | Profile | |
| Jonathan Andrews | VP Training | Profile | |
| Larry Ellis | VP Distributions | Profile |
Already Invested in OReilly Automotive?
The danger of trading OReilly Automotive is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of OReilly Automotive is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than OReilly Automotive. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile OReilly Automotive is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether OReilly Automotive offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of OReilly Automotive's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Oreilly Automotive Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Oreilly Automotive 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 tightly coupled with the direction of predictive economic indicators such as signals in nation. For information on how to trade OReilly Stock refer to our How to Trade OReilly Stock guide.Note that the OReilly Automotive information on this page should be used as a complementary analysis to other OReilly Automotive's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Complementary Tools for OReilly Stock analysis
When running OReilly Automotive's price analysis, check to measure OReilly Automotive's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy OReilly Automotive is operating at the current time. Most of OReilly Automotive's value examination focuses on studying past and present price action to predict the probability of OReilly Automotive's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move OReilly Automotive's price. Additionally, you may evaluate how the addition of OReilly Automotive to your portfolios can decrease your overall portfolio volatility.
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