Autozone Stock Odds of Future Stock Price Finishing Under 2,961
| AZO Stock | USD 3,069 19.11 0.63% |
AutoZone |
AutoZone Target Price Odds to finish below 2,961
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 move below current price in 90 days |
| 3,069 | 90 days | 3,069 | about 16.46 |
Based on a normal probability distribution, the odds of AutoZone to move below current price in 90 days from now is about 16.46 (This AutoZone probability density function shows the probability of AutoZone Stock to fall within a particular range of prices over 90 days) .
Considering the 90-day investment horizon AutoZone has a beta of 0.59. This suggests as returns on the market go up, AutoZone average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding AutoZone will be expected to be much smaller as well. 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 | -0.12 | |
β | Beta against Dow Jones | 0.59 | |
σ | Overall volatility | 56.29 | |
Ir | Information ratio | -0.12 |
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 generated a negative expected return over the last 90 days | |
| AutoZone has 12.37 B in debt. AutoZone has a current ratio of 0.75, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Note however, debt could still be an excellent tool for AutoZone to invest in growth at high rates of return. | |
| Over 96.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from salon.com: Should you make major purchases before Trumps tariffs |
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 | 17.8 M | |
| Cash And Short Term Investments | 298.2 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 generated a negative expected return over the last 90 days | |
| AutoZone has 12.37 B in debt. AutoZone has a current ratio of 0.75, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Note however, debt could still be an excellent tool for AutoZone to invest in growth at high rates of return. | |
| Over 96.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from salon.com: Should you make major purchases before Trumps tariffs |
Check out AutoZone Backtesting, AutoZone Valuation, AutoZone Correlation, AutoZone Hype Analysis, AutoZone Volatility, AutoZone History as well as AutoZone Performance. To learn how to invest in AutoZone Stock, please use our How to Invest in AutoZone guide.You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
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 0.117 | Earnings Share 149.43 | Revenue Per Share 1.1 K | Quarterly Revenue Growth 0.09 | Return On Assets 0.1428 |
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.