AutoZone (Germany) Odds of Future Stock Price Finishing Under 2966.0
| AZ5 Stock | EUR 3,015 4.00 0.13% |
AutoZone |
AutoZone Target Price Odds to finish below 2966.0
The tendency of AutoZone Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to € 2,966 or more in 90 days |
| 3,015 | 90 days | 2,966 | about 89.52 |
Based on a normal probability distribution, the odds of AutoZone to drop to € 2,966 or more in 90 days from now is about 89.52 (This AutoZone probability density function shows the probability of AutoZone Stock to fall within a particular range of prices over 90 days) . Probability of AutoZone price to stay between € 2,966 and its current price of €3015.0 at the end of the 90-day period is about 7.12 .
Assuming the 90 days horizon AutoZone has a beta of 0.9. This suggests AutoZone market returns are reactive to returns on the market. As the market goes up or down, AutoZone is expected to follow. Additionally AutoZone has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. AutoZone Price Density |
| Price |
Predictive Modules for AutoZone
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as AutoZone. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.AutoZone Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. AutoZone is not an exception. The market had few large corrections towards the AutoZone's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold AutoZone, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of AutoZone within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.05 | |
β | Beta against Dow Jones | 0.90 | |
σ | Overall volatility | 83.00 | |
Ir | Information ratio | -0.04 |
AutoZone Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of AutoZone for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for AutoZone can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| AutoZone has accumulated 6.12 B in total debt. AutoZone has a current ratio of 0.92, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist AutoZone until it has trouble settling it off, either with new capital or with free cash flow. So, AutoZone's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like AutoZone sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for AutoZone to invest in growth at high rates of return. When we think about AutoZone's use of debt, we should always consider it together with cash and equity. | |
| Over 94.0% of the company shares are held by institutions such as insurance companies |
AutoZone Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of AutoZone Stock often depends not only on the future outlook of the current and potential AutoZone's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. AutoZone's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 19.5 M |
AutoZone Technical Analysis
AutoZone's future price can be derived by breaking down and analyzing its technical indicators over time. AutoZone Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of AutoZone. In general, you should focus on analyzing AutoZone Stock price patterns and their correlations with different microeconomic environments and drivers.
AutoZone Predictive Forecast Models
AutoZone's time-series forecasting models is one of many AutoZone's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary AutoZone's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about AutoZone
Checking the ongoing alerts about AutoZone for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for AutoZone help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| AutoZone has accumulated 6.12 B in total debt. AutoZone has a current ratio of 0.92, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist AutoZone until it has trouble settling it off, either with new capital or with free cash flow. So, AutoZone's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like AutoZone sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for AutoZone to invest in growth at high rates of return. When we think about AutoZone's use of debt, we should always consider it together with cash and equity. | |
| Over 94.0% of the company shares are held by institutions such as insurance companies |
Additional Information and Resources on Investing in AutoZone Stock
When determining whether AutoZone offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of AutoZone's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Autozone Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Autozone Stock:Check out AutoZone Backtesting, AutoZone Valuation, AutoZone Correlation, AutoZone Hype Analysis, AutoZone Volatility, AutoZone History as well as AutoZone Performance. For more detail on how to invest in AutoZone Stock please use our How to Invest in AutoZone guide.You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.