AUTOZONE Dusseldorf (Germany) Market Value
| AZ5 Stock | EUR 3,205 49.00 1.55% |
| Symbol | AUTOZONE |
AUTOZONE Dusseldorf '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 Dusseldorf'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 Dusseldorf.
| 11/29/2024 |
| 01/28/2025 |
If you would invest 0.00 in AUTOZONE Dusseldorf on November 29, 2024 and sell it all today you would earn a total of 0.00 from holding AUTOZONE Dusseldorf or generate 0.0% return on investment in AUTOZONE Dusseldorf over 60 days. AUTOZONE Dusseldorf is related to or competes with AEGEAN AIRLINES, SOUTHWEST AIRLINES, Planet Fitness, Cardinal Health, MPH Health, and Phibro Animal. More
AUTOZONE Dusseldorf 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 Dusseldorf'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 Dusseldorf upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.13 | |||
| Information Ratio | 0.0427 | |||
| Maximum Drawdown | 9.38 | |||
| Value At Risk | (2.01) | |||
| Potential Upside | 1.82 |
AUTOZONE Dusseldorf Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AUTOZONE Dusseldorf's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AUTOZONE Dusseldorf's standard deviation. In reality, there are many statistical measures that can use AUTOZONE Dusseldorf historical prices to predict the future AUTOZONE Dusseldorf's volatility.| Risk Adjusted Performance | 0.0789 | |||
| Jensen Alpha | 0.1235 | |||
| Total Risk Alpha | 0.0228 | |||
| Sortino Ratio | 0.0542 | |||
| Treynor Ratio | (0.96) |
AUTOZONE Dusseldorf Backtested Returns
AUTOZONE Dusseldorf appears to be very steady, given 3 months investment horizon. AUTOZONE Dusseldorf secures Sharpe Ratio (or Efficiency) of 0.17, which signifies that the company had a 0.17 % return per unit of risk over the last 3 months. We have found thirty technical indicators for AUTOZONE Dusseldorf, which you can use to evaluate the volatility of the firm. Please makes use of AUTOZONE Dusseldorf's risk adjusted performance of 0.0789, and Mean Deviation of 1.03 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, AUTOZONE Dusseldorf holds a performance score of 13. The firm shows a Beta (market volatility) of -0.12, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning AUTOZONE Dusseldorf are expected to decrease at a much lower rate. During the bear market, AUTOZONE Dusseldorf is likely to outperform the market. Please check AUTOZONE Dusseldorf's treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether AUTOZONE Dusseldorf's price patterns will revert.
Auto-correlation | -0.02 |
Very weak reverse predictability
AUTOZONE Dusseldorf has very weak reverse predictability. Overlapping area represents the amount of predictability between AUTOZONE Dusseldorf time series from 29th of November 2024 to 29th of December 2024 and 29th of December 2024 to 28th 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 Dusseldorf price movement. The serial correlation of -0.02 indicates that only 2.0% of current AUTOZONE Dusseldorf price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 1472.05 |
AUTOZONE Dusseldorf lagged returns against current returns
Autocorrelation, which is AUTOZONE Dusseldorf 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 Dusseldorf's stock expected returns. We can calculate the autocorrelation of AUTOZONE Dusseldorf returns to help us make a trade decision. For example, suppose you find that AUTOZONE Dusseldorf 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 Dusseldorf 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 Dusseldorf stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AUTOZONE Dusseldorf stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AUTOZONE Dusseldorf stock over time.
Current vs Lagged Prices |
| Timeline |
AUTOZONE Dusseldorf Lagged Returns
When evaluating AUTOZONE Dusseldorf's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AUTOZONE Dusseldorf stock have on its future price. AUTOZONE Dusseldorf 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 Dusseldorf autocorrelation shows the relationship between AUTOZONE Dusseldorf stock current value and its past values and can show if there is a momentum factor associated with investing in AUTOZONE Dusseldorf.
Regressed Prices |
| Timeline |
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Additional Tools for AUTOZONE Stock Analysis
When running AUTOZONE Dusseldorf's price analysis, check to measure AUTOZONE Dusseldorf's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy AUTOZONE Dusseldorf is operating at the current time. Most of AUTOZONE Dusseldorf's value examination focuses on studying past and present price action to predict the probability of AUTOZONE Dusseldorf's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AUTOZONE Dusseldorf's price. Additionally, you may evaluate how the addition of AUTOZONE Dusseldorf to your portfolios can decrease your overall portfolio volatility.