AutoZone,'s market value is the price at which a share of AutoZone, trades on a public exchange. It measures the collective expectations of AutoZone, investors about its performance. AutoZone, is trading at 89.65 as of the 2nd of January 2025, a 2.05% down since the beginning of the trading day. The stock's open price was 91.53. 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. Check out AutoZone, Correlation, AutoZone, Volatility and AutoZone, Alpha and Beta module to complement your research on AutoZone,.
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,.
0.00
12/03/2024
No Change 0.00
0.0
In 31 days
01/02/2025
0.00
If you would invest 0.00 in AutoZone, on December 3, 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 30 days. AutoZone, is related to or competes with OReilly Automotive, Ulta Beauty, Tractor Supply, Best Buy, and Magazine Luiza. 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.
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.
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 toward taking a position in AutoZone,.
AutoZone, Backtested Returns
AutoZone, appears to be very steady, given 3 months investment horizon. AutoZone, secures Sharpe Ratio (or Efficiency) of 0.18, which signifies that the company had a 0.18% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for AutoZone,, which you can use to evaluate the volatility of the firm. Please makes use of AutoZone,'s Risk Adjusted Performance of 0.1418, mean deviation of 1.09, and Downside Deviation of 1.57 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 14. The firm shows a Beta (market volatility) of -0.55, which signifies possible diversification benefits within a given portfolio. 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 total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether AutoZone,'s price patterns will revert.
Auto-correlation
0.16
Very weak predictability
AutoZone, has very weak predictability. Overlapping area represents the amount of predictability between AutoZone, time series from 3rd of December 2024 to 18th of December 2024 and 18th of December 2024 to 2nd of January 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 0.16 indicates that over 16.0% of current AutoZone, price fluctuation can be explain by its past prices.
Correlation Coefficient
0.16
Spearman Rank Test
-0.6
Residual Average
0.0
Price Variance
1.5
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
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
AutoZone, financial ratios help investors to determine whether AutoZone, Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in AutoZone, with respect to the benefits of owning AutoZone, security.