AUTOZONE INC Odds of Future Bond Price Finishing Under 97.37
| 053332AZ5 | 95.68 0.88 0.91% |
AUTOZONE |
AUTOZONE Target Price Odds to finish below 97.37
The tendency of AUTOZONE Bond 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 stay under 97.37 after 90 days |
| 95.68 | 90 days | 97.37 | about 75.91 |
Based on a normal probability distribution, the odds of AUTOZONE to stay under 97.37 after 90 days from now is about 75.91 (This AUTOZONE INC probability density function shows the probability of AUTOZONE Bond to fall within a particular range of prices over 90 days) . Probability of AUTOZONE INC price to stay between its current price of 95.68 and 97.37 at the end of the 90-day period is about 40.35 .
Assuming the 90 days trading horizon AUTOZONE INC has a beta of -0.24. This usually implies as returns on the benchmark increase, returns on holding AUTOZONE are expected to decrease at a much lower rate. During a bear market, however, AUTOZONE INC is likely to outperform the market. Additionally AUTOZONE INC 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 |
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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 INC. Regardless of method or technology, however, to accurately forecast the bond market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the bond 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 INC, 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 | -0.01 | |
β | Beta against Dow Jones | -0.24 | |
σ | Overall volatility | 1.57 | |
Ir | Information ratio | -0.1 |
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 INC 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 INC generated a negative expected return over the last 90 days |
AUTOZONE Technical Analysis
AUTOZONE's future price can be derived by breaking down and analyzing its technical indicators over time. AUTOZONE Bond technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of AUTOZONE INC. In general, you should focus on analyzing AUTOZONE Bond 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 bond 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 bond market movement and maximize returns from investment trading.
Things to note about AUTOZONE INC
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 INC help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| AUTOZONE INC generated a negative expected return over the last 90 days |
Other Information on Investing in AUTOZONE Bond
AUTOZONE financial ratios help investors to determine whether AUTOZONE Bond 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.