Autozone Goodwill and Intangible Assets vs Tax Liabilities Analysis

AZO
 Stock
  

USD 2,320  8.51  0.37%   

Autozone financial indicator trend analysis is way more than just evaluating Autozone prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Autozone is a good investment. Please check the relationship between Autozone Goodwill and Intangible Assets and its Tax Liabilities accounts. Please continue to Trending Equities.

Goodwill and Intangible Assets vs Tax Liabilities

Goodwill and Intangible Assets vs Tax Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Autozone Goodwill and Intangible Assets account and Tax Liabilities. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Autozone's Goodwill and Intangible Assets and Tax Liabilities is -0.16. Overlapping area represents the amount of variation of Goodwill and Intangible Assets that can explain the historical movement of Tax Liabilities in the same time period over historical financial statements of Autozone, assuming nothing else is changed. The correlation between historical values of Autozone's Goodwill and Intangible Assets and Tax Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Goodwill and Intangible Assets of Autozone are associated (or correlated) with its Tax Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Tax Liabilities has no effect on the direction of Goodwill and Intangible Assets i.e., Autozone's Goodwill and Intangible Assets and Tax Liabilities go up and down completely randomly.

Correlation Coefficient

-0.16
Relationship DirectionNegative 
Relationship StrengthInsignificant

Goodwill and Intangible Assets

A component of Total Assets representing the carrying amounts of all intangible assets and goodwill as of the balance sheet date; net of accumulated amortization and impairment charges.

Tax Liabilities

A component of Total Liabilities representing outstanding tax liabilities.
Most indicators from Autozone fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Autozone current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Please continue to Trending Equities.Autozone Selling General and Administrative Expense is quite stable at the moment as compared to the past year. The company's current value of Selling General and Administrative Expense is estimated at 4.26 Billion. Issuance Repayment of Debt Securities is expected to rise to about 154.3 M this year, although the value of Net Cash Flow Business Acquisitions and Disposals will most likely fall to (144 M).
 2012 2018 2021 2022 (projected)
Consolidated Income1.34 B2.17 B1.62 B1.61 B
Direct Expenses5.25 B6.91 B5.5 B4.97 B

Autozone fundamental ratios Correlations

0.950.960.890.950.840.70.830.860.84-0.52-0.130.970.880.890.870.950.830.930.370.92
0.951.00.980.990.950.860.950.690.96-0.7-0.110.930.980.980.970.990.950.980.520.98
0.961.00.970.980.950.860.940.740.95-0.64-0.030.920.970.970.970.980.950.970.560.96
0.890.980.970.980.990.920.990.641.0-0.750.010.891.01.01.00.980.990.980.660.98
0.950.990.980.980.950.840.950.730.96-0.73-0.080.960.980.990.981.00.950.990.540.99
0.840.950.950.990.950.961.00.571.0-0.760.080.830.990.991.00.951.00.950.730.95
0.70.860.860.920.840.960.960.40.95-0.690.230.650.920.910.930.830.960.830.840.83
0.830.950.940.990.951.00.960.551.0-0.780.060.820.990.991.00.951.00.950.720.95
0.860.690.740.640.730.570.40.550.57-0.10.140.820.620.620.620.720.560.670.30.67
0.840.960.951.00.961.00.951.00.57-0.770.050.841.00.991.00.961.00.960.710.96
-0.52-0.7-0.64-0.75-0.73-0.76-0.69-0.78-0.1-0.770.41-0.63-0.77-0.78-0.76-0.74-0.76-0.78-0.33-0.79
-0.13-0.11-0.030.01-0.080.080.230.060.140.050.41-0.240.0-0.050.03-0.110.08-0.180.7-0.16
0.970.930.920.890.960.830.650.820.820.84-0.63-0.240.880.90.870.960.820.950.310.95
0.880.980.971.00.980.990.920.990.621.0-0.770.00.881.01.00.980.990.980.650.98
0.890.980.971.00.990.990.910.990.620.99-0.78-0.050.91.01.00.990.990.990.620.99
0.870.970.971.00.981.00.931.00.621.0-0.760.030.871.01.00.971.00.970.680.97
0.950.990.980.981.00.950.830.950.720.96-0.74-0.110.960.980.990.970.951.00.521.0
0.830.950.950.990.951.00.961.00.561.0-0.760.080.820.990.991.00.950.940.730.95
0.930.980.970.980.990.950.830.950.670.96-0.78-0.180.950.980.990.971.00.940.481.0
0.370.520.560.660.540.730.840.720.30.71-0.330.70.310.650.620.680.520.730.480.5
0.920.980.960.980.990.950.830.950.670.96-0.79-0.160.950.980.990.971.00.951.00.5
Click cells to compare fundamentals

Autozone Account Relationship Matchups

Be your own money manager

Our tools can tell you how much better you can do entering a position in Autozone without increasing your portfolio risk or giving up 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.

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Pair Trading with Autozone

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Autozone position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Autozone will appreciate offsetting losses from the drop in the long position's value.

Moving against Autozone

0.59ANFAbercrombie Fitch Earnings Call  This WeekPairCorr
0.55KIRKKirklands Normal TradingPairCorr
The ability to find closely correlated positions to Autozone could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Autozone 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 Autozone - 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 Autozone to buy it.
The correlation of Autozone is a statistical measure of how it moves in relation to other equities. 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 Autozone moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Autozone 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.
Correlation analysis and pair trading evaluation for Autozone can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
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 Bond Directory module to find actively traded corporate debentures issued by US companies.

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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
45.4 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.