Autozone Stock Market Value
| AZO Stock | USD 3,828 146.43 3.98% |
| Symbol | AutoZone |
AutoZone Price To Book Ratio
Is Automotive Retail space 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 (0.02) | Earnings Share 148.95 | Revenue Per Share | Quarterly Revenue Growth 0.024 | Return On Assets |
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 if AutoZone is a good investment 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.
| 12/29/2024 |
| 03/29/2025 |
If you would invest 0.00 in AutoZone on December 29, 2024 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 Advance Auto, Tractor Supply, Genuine Parts, Five Below, Williams Sonoma, Ulta Beauty, and Best Buy. AutoZone, Inc. retails and distributes automotive replacement parts and accessories More
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.
| Downside Deviation | 1.12 | |||
| Information Ratio | 0.256 | |||
| Maximum Drawdown | 5.9 | |||
| Value At Risk | (1.61) | |||
| Potential Upside | 2.15 |
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.| Risk Adjusted Performance | 0.1923 | |||
| Jensen Alpha | 0.2519 | |||
| Total Risk Alpha | 0.3395 | |||
| Sortino Ratio | 0.2825 | |||
| Treynor Ratio | (1.37) |
AutoZone Backtested Returns
AutoZone appears to be very steady, given 3 months investment horizon. AutoZone secures Sharpe Ratio (or Efficiency) of 0.25, which signifies that the company had a 0.25 % return per unit of risk over the last 3 months. We have found thirty technical indicators for AutoZone, which you can use to evaluate the volatility of the firm. Please makes use of AutoZone's Downside Deviation of 1.12, mean deviation of 0.9543, and Risk Adjusted Performance of 0.1923 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, AutoZone holds a performance score of 19. The firm shows a Beta (market volatility) of -0.19, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning AutoZone are expected to decrease at a much lower rate. During the bear market, AutoZone is likely to outperform the market. Please check AutoZone's skewness, and the relationship between the value at risk and day median price , to make a quick decision on whether AutoZone's price patterns will revert.
Auto-correlation | 0.79 |
Good predictability
AutoZone has good predictability. Overlapping area represents the amount of predictability between AutoZone time series from 29th of December 2024 to 12th of February 2025 and 12th of February 2025 to 29th of March 2025. 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 0.79 indicates that around 79.0% of current AutoZone price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 9593.12 |
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 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 price movement to match the lagging time series.
Current and Lagged Values |
| 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 |
| 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 |
| Timeline |
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 together with AutoZone Stock
Moving against AutoZone Stock
| 0.9 | VSCO | Victorias Secret | PairCorr |
| 0.85 | RH | RH | PairCorr |
| 0.85 | WOOF | Pet Acquisition LLC | PairCorr |
| 0.83 | KSS | Kohls Corp | PairCorr |
| 0.81 | KIRK | Kirklands | PairCorr |
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 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 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.Check out AutoZone Correlation, AutoZone Volatility and AutoZone Alpha and Beta module to complement your research on AutoZone. To learn how to invest in AutoZone Stock, please use our How to Invest in AutoZone guide.You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
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.