Autozone Stock Equity Positions Weight
| AZO Stock | USD 3,069 19.11 0.63% |
AutoZone fundamentals help investors to digest information that contributes to AutoZone's financial success or failures. It also enables traders to predict the movement of AutoZone Stock. The fundamental analysis module provides a way to measure AutoZone's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to AutoZone stock.
AutoZone | Equity Positions Weight |
AutoZone Company Equity Positions Weight Analysis
AutoZone's Percentage of fund asset invested in equity instruments. About 80% of global funds and ETFs carry equity instruments on their balance sheet.
More About Equity Positions Weight | All Equity Analysis
Stock Percentage | = | % of Equities | in the fund |
AutoZone Equity Positions Weight Driver Correlations
Understanding the fundamental principles of building solid financial models for AutoZone is extremely important. It helps to project a fair market value of AutoZone Stock properly, considering its historical fundamentals such as Equity Positions Weight. Since AutoZone's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of AutoZone's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of AutoZone's interrelated accounts and indicators.
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Funds with most asset allocated to stocks can be subclassified into many different categories such as market capitalization or investment style.
| Competition |
According to the company disclosure, AutoZone has an Equity Positions Weight of 0.0%. This indicator is about the same for the Specialty Retail average (which is currently at 0.0) sector and about the same as Consumer Discretionary (which currently averages 0.0) industry. This indicator is about the same for all United States stocks average (which is currently at 0.0).
AutoZone Equity Positions Weight Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses AutoZone's direct or indirect competition against its Equity Positions Weight to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of AutoZone could also be used in its relative valuation, which is a method of valuing AutoZone by comparing valuation metrics of similar companies.AutoZone is currently under evaluation in equity positions weight category among its peers.
AutoZone ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, AutoZone's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to AutoZone's managers, analysts, and investors.Environmental | Governance | Social |
AutoZone Fundamentals
| Return On Asset | 0.14 | ||||
| Profit Margin | 0.14 % | ||||
| Operating Margin | 0.21 % | ||||
| Current Valuation | 63.62 B | ||||
| Shares Outstanding | 16.9 M | ||||
| Shares Owned By Institutions | 96.47 % | ||||
| Number Of Shares Shorted | 339.98 K | ||||
| Price To Earning | 21.95 X | ||||
| Price To Book | 13.38 X | ||||
| Price To Sales | 2.79 X | ||||
| Revenue | 18.49 B | ||||
| Gross Profit | 9.07 B | ||||
| EBITDA | 4.35 B | ||||
| Net Income | 2.66 B | ||||
| Cash And Equivalents | 277.05 M | ||||
| Cash Per Share | 16.55 X | ||||
| Total Debt | 12.37 B | ||||
| Debt To Equity | (5.81) % | ||||
| Current Ratio | 0.77 X | ||||
| Book Value Per Share | (280.61) X | ||||
| Cash Flow From Operations | 3 B | ||||
| Short Ratio | 3.05 X | ||||
| Earnings Per Share | 149.43 X | ||||
| Price To Earnings To Growth | 1.64 X | ||||
| Target Price | 3288.97 | ||||
| Number Of Employees | 75.6 K | ||||
| Beta | 0.71 | ||||
| Market Capitalization | 51.55 B | ||||
| Total Asset | 17.18 B | ||||
| Retained Earnings | (4.42 B) | ||||
| Working Capital | (1.41 B) | ||||
| Current Asset | 4.24 B | ||||
| Current Liabilities | 4.69 B | ||||
| Net Asset | 17.18 B |
About AutoZone Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze AutoZone's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of AutoZone using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of AutoZone based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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 against AutoZone Stock
| 0.51 | FIVE | Five Below Earnings Call This Week | 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 Piotroski F Score and AutoZone Altman Z Score analysis. To learn how to invest in AutoZone Stock, please use our How to Invest in AutoZone guide.You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
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.