Autozone Stock Market Value

AZO -  USA Stock  

USD 1,889  117.71  6.64%

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.
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
11/23/2021
No Change 0.00  0.0 
In 5 months and 29 days
05/22/2022
0.00
If you would invest  0.00  in Autozone on November 23, 2021 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 180 days. Autozone is related to or competes with Genuine Parts, and National Vision. AutoZone, Inc. retails and distributes automotive replacement parts and accessories

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
1,7691,7711,774
Details
Intrinsic
Valuation
LowReal ValueHigh
1,5952,0082,010
Details
15 Analysts
Consensus
LowTarget PriceHigh
1,4902,1232,500
Details
Earnings
Estimates (11)
LowProjected EPSHigh
103.63107.41111.55
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

Autozone secures Sharpe Ratio (or Efficiency) of -0.014, which signifies that the company had -0.014% of return per unit of risk over the last 3 months. Macroaxis standpoint towards foreseeing the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Autozone exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Autozone risk adjusted performance of (0.045082), and Mean Deviation of 1.85 to double-check the risk estimate we provide.
The firm shows a Beta (market volatility) of 1.0754, which signifies a somewhat significant risk relative to the market. 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. Even though it is essential to pay attention to Autozone historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy towards foreseeing any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Autozone exposes twenty-one different technical indicators, which can help you to evaluate its performance. Autozone has an expected return of -0.0357%. Please be advised to confirm Autozone variance, value at risk, as well as the relationship between the Value At Risk and skewness to decide if Autozone performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.32  

Below average predictability

Autozone has below average predictability. Overlapping area represents the amount of predictability between Autozone time series from 23rd of November 2021 to 21st of February 2022 and 21st of February 2022 to 22nd of May 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 0.32 indicates that nearly 32.0% of current Autozone price fluctuation can be explain by its past prices.
Correlation Coefficient0.32
Spearman Rank Test0.17
Residual Average0.0
Price Variance14796.63

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 
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      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 
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      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 
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      Timeline 

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.

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 Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.

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...