Autozone Stock Market Value

AZO
 Stock
  

USD 2,168  27.15  1.27%   

Autozone's market value is the price at which a share of Autozone stock trades on a public exchange. It measures the collective expectations of Autozone investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Autozone and determine expected loss or profit from investing in Autozone over a given investment horizon. Please continue to Autozone Hype Analysis, Autozone Correlation, Autozone Valuation, Autozone Volatility, as well as analyze Autozone Alpha and Beta and Autozone Performance.
Symbol
Backtest


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
41.7 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.

Autozone 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Autozone's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Autozone.
0.00
04/07/2022
No Change 0.00  0.0 
In 3 months and 1 day
07/06/2022
0.00
If you would invest  0.00  in Autozone on April 7, 2022 and sell it all today you would earn a total of 0.00 from holding Autozone or generate 0.0% return on investment in Autozone over 90 days. Autozone is related to or competes with Omnia Wellness, Dupont Denemours, Intel Corp, Cisco Systems, McDonalds Corp, Travelers Companies, and JP Morgan. AutoZone, Inc. retails and distributes automotive replacement parts and accessoriesMore

Autozone Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Autozone's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Autozone upside and downside potential and time the market with a certain degree of confidence.

Autozone Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Autozone's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Autozone's standard deviation. In reality, there are many statistical measures that can use Autozone historical prices to predict the future Autozone's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Autozone's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Autozone in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
2,1682,1702,173
Details
Intrinsic
Valuation
LowReal ValueHigh
1,9512,2952,298
Details
Naive
Forecast
LowNext ValueHigh
2,2272,2302,232
Details
15 Analysts
Consensus
LowTarget PriceHigh
1,4902,1232,500
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Autozone. Your research has to be compared to or analyzed against Autozone's peers to derive any actionable benefits. When done correctly, Autozone's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Autozone.

Autozone Backtested Returns

We consider Autozone very steady. Autozone secures Sharpe Ratio (or Efficiency) of 0.0164, which signifies that the company had 0.0164% of return per unit of risk over the last 3 months. Our standpoint towards foreseeing the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Autozone, which you can use to evaluate the future volatility of the firm. Please confirm Autozone Risk Adjusted Performance of 0.0715, downside deviation of 3.31, and Mean Deviation of 1.81 to double-check if the risk estimate we provide is consistent with the expected return of 0.0417%.
Autozone has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.9191, 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 important to respect Autozone historical returns, it is better to be realistic regarding the information on the equity's 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 0.0417% will be sustainable into the future. Autozone right now shows a risk of 2.54%. Please confirm Autozone variance, value at risk, as well as the relationship between the Value At Risk and skewness to decide if Autozone will be following its price patterns.

Auto-correlation

    
  -0.4  

Poor reverse predictability

Autozone has poor reverse predictability. Overlapping area represents the amount of predictability between Autozone time series from 7th of April 2022 to 22nd of May 2022 and 22nd of May 2022 to 6th of July 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Autozone price movement. The serial correlation of -0.4 indicates that just about 40.0% of current Autozone price fluctuation can be explain by its past prices.
Correlation Coefficient-0.4
Spearman Rank Test-0.61
Residual Average0.0
Price Variance6292.48

Autozone lagged returns against current returns

Autocorrelation, which is Autozone stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Autozone's stock expected returns. We can calculate the autocorrelation of Autozone returns to help us make a trade decision. For example, suppose you find that Autozone stock has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
 Current and Lagged Values 
Share
      Timeline 

Autozone regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Autozone stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Autozone stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Autozone stock over time.
 Current vs Lagged Prices 
Share
      Timeline 

Autozone Lagged Returns

When evaluating Autozone's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Autozone stock have on its future price. Autozone autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Autozone autocorrelation shows the relationship between Autozone stock current value and its past values and can show if there is a momentum factor associated with investing in Autozone.
 Regressed Prices 
Share
      Timeline 

Autozone Investors Sentiment

The influence of Autozone's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Autozone. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Autozone's public news can be used to forecast risks associated with investment in Autozone. The trend in average sentiment can be used to explain how an investor holding Autozone can time the market purely based on public headlines and social activities around Autozone. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Autozone's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Autozone's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Autozone's news discussions. The higher the estimate score, the more favorable is the investor's outlook on Autozone.

Autozone Implied Volatility

    
  36.25  
Autozone's implied volatility exposes the market's sentiment of Autozone stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Autozone's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Autozone stock will not fluctuate a lot when Autozone's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Autozone in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Autozone's short interest history, or implied volatility extrapolated from Autozone options trading.

Current Sentiment - AZO

Autozone Investor Sentiment

Greater number of Macroaxis users are presently bullish on Autozone. What is your sentiment towards investing in Autozone? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish

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.

Autozone Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

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 Autozone Hype Analysis, Autozone Correlation, Autozone Valuation, Autozone Volatility, as well as analyze Autozone Alpha and Beta and Autozone Performance. 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 Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.

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.
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Autozone technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Autozone technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Autozone trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...