Autozone Stock Performance

AZO
 Stock
  

USD 2,219  23.48  1.07%   

On a scale of 0 to 100, Autozone holds a performance score of 9. The firm shows a Beta (market volatility) of 0.9636, which signifies possible diversification benefits within a given portfolio. Let's try to break down what Autozone's beta means in this case. Autozone returns are very sensitive to returns on the market. As the market goes up or down, Autozone is expected to follow. Although it is vital to follow Autozone historical returns, it is good to be conservative about what you can do with the information regarding equity current trending patterns. The philosophy towards foreseeing future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By analyzing Autozone technical indicators, you can presently evaluate if the expected return of 0.25% will be sustainable into the future. Please makes use of Autozone value at risk, as well as the relationship between the skewness and day median price to make a quick decision on whether Autozone price patterns will revert.
  
Autozone Performance
9 of 100
Compared to the overall equity markets, risk-adjusted returns on investments in Autozone are ranked lower than 9 (%) of all global equities and portfolios over the last 90 days. Despite quite weak basic indicators, Autozone disclosed solid returns over the last few months and may actually be approaching a breakup point. ...more

Structure and Payout Changes

Last Split Factor
2:1
Last Split Date
1994-04-21

Autozone Price Channel

Quick Ratio0.09
Fifty Two Week Low1,503.30
Target High Price2,500.00
Fifty Two Week High2,267.40
Target Low Price1,795.00

Autozone Relative Risk vs. Return Landscape

If you would invest  193,098  in Autozone on May 11, 2022 and sell it today you would earn a total of  28,769  from holding Autozone or generate 14.9% return on investment over 90 days. Autozone is generating 0.2506% of daily returns assuming volatility of 2.1244% on return distribution over 90 days investment horizon. In other words, 18% of stocks are less volatile than Autozone, and above 96% of all equities are expected to generate higher returns over the next 90 days.
  Daily Expected Return (%)  
       Risk (%)  
Considering the 90-day investment horizon Autozone is expected to generate 1.67 times more return on investment than the market. However, the company is 1.67 times more volatile than its market benchmark. It trades about 0.12 of its potential returns per unit of risk. The DOW is currently generating roughly 0.05 per unit of risk.

Autozone Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Autozone's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Autozone, and traders can use it to determine the average amount a Autozone's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.118

Best
Portfolio
Best
Equity
Good Returns
Average Returns
Small ReturnsAZO
CashSmall
Risk
Average
Risk
High
Risk
Huge
Risk
Negative Returns
Estimated Market Risk
 2.12
  actual daily
 
 18 %
of total potential
 
1818
Expected Return
 0.25
  actual daily
 
 4 %
of total potential
 
44
Risk-Adjusted Return
 0.12
  actual daily
 
 9 %
of total potential
 
99
Based on monthly moving average Autozone is performing at about 9% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Autozone by adding it to a well-diversified portfolio.

About Autozone Performance

To evaluate Autozone Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Autozone generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Autozone Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Autozone stock market performance in a much more refined way. At Macroaxis, we take it even further. The Macroaxis performance score is an integer between 0 and 100 that represents Autozone's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2022
Effect of Exchange Rate Changes on Cash-4.1 M-4.2 M
Return on Investment 62.54  70.74 
Return on Average Assets 0.17  0.15 
Return on Average Equity(0.99) (1.07) 
Return on Invested Capital 0.24  0.23 
Return on Sales 0.19  0.21 
AutoZone, Inc. retails and distributes automotive replacement parts and accessories. The company was founded in 1979 and is based in Memphis, Tennessee. Autozone operates under Specialty Retail classification in the United States and is traded on New York Stock Exchange. It employs 65100 people.

Things to note about Autozone

Checking the ongoing alerts about Autozone for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Autozone help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Autozone Alerts

Equity Alerts and Improvement Suggestions

The company has 8.99 B in debt. Autozone has a current ratio of 0.76, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Autozone until it has trouble settling it off, either with new capital or with free cash flow. So, Autozone's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Autozone sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Autozone to invest in growth at high rates of return. When we think about Autozone's use of debt, we should always consider it together with cash and equity.
Over 97.0% of the company shares are held by institutions such as insurance companies
Latest headline from www.nasdaq.com: Heres Why The Auto Parts Sector Looks Attractive, And Here Are Three Potential Picks - Nasdaq
Please continue to Trending Equities. Note that the Autozone information on this page should be used as a complementary analysis to other Autozone'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 Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.

Complementary Tools for Autozone Stock analysis

When running Autozone price analysis, check to measure Autozone'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 Autozone is operating at the current time. Most of Autozone's value examination focuses on studying past and present price action to predict the probability of Autozone's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Autozone's price. Additionally, you may evaluate how the addition of Autozone to your portfolios can decrease your overall portfolio volatility.
My Watchlist Analysis
Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like
Go
Bollinger Bands
Use Bollinger Bands indicator to analyze target price for a given investing horizon
Go
Performance Analysis
Check effects of mean-variance optimization against your current asset allocation
Go
Shere Portfolio
Track or share privately all of your investments from the convenience of any device
Go
Equity Analysis
Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities
Go
Money Flow Index
Determine momentum by analyzing Money Flow Index and other technical indicators
Go
Risk-Return Analysis
View associations between returns expected from investment and the risk you assume
Go
Focused Opportunities
Build portfolios using our predefined set of ideas and optimize them against your investing preferences
Go
Volatility Analysis
Get historical volatility and risk analysis based on latest market data
Go
Alpha Finder
Use alpha and beta coefficients to find investment opportunities after accounting for the risk
Go
Theme Ratings
Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance
Go
Is Autozone's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Autozone. If investors know Autozone will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Autozone listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
0.096
Market Capitalization
42.8 B
Quarterly Revenue Growth YOY
0.059
Return On Assets
0.14
The market value of Autozone is measured differently than its book value, which is the value of Autozone that is recorded on the company's balance sheet. Investors also form their own opinion of Autozone's value that differs from its market value or its book value, called intrinsic value, which is Autozone's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Autozone's market value can be influenced by many factors that don't directly affect Autozone's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Autozone's value and its price as these two are different measures arrived at by different means. Investors typically determine Autozone value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Autozone's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.