AutoZone (Germany) Market Value
| AZ5 Stock | EUR 3,006 40.00 1.35% |
| Symbol | AutoZone |
AutoZone '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'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.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in AutoZone on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding AutoZone or generate 0.0% return on investment in AutoZone over 180 days. AutoZone is related to or competes with SWISS WATER, AIR PRODCHEMICALS, Playtech Plc, JD SPORTS, Playa Hotels, and FUYO GENERAL. AutoZone, Inc. retails and distributes automotive replacement parts and accessories More
AutoZone 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'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 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9595 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 9.99 | |||
| Value At Risk | (1.77) | |||
| Potential Upside | 2.37 |
AutoZone Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AutoZone's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AutoZone's standard deviation. In reality, there are many statistical measures that can use AutoZone historical prices to predict the future AutoZone's volatility.| Risk Adjusted Performance | 0.0513 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0914 |
AutoZone Backtested Returns
At this point, AutoZone is very steady. AutoZone secures Sharpe Ratio (or Efficiency) of 0.0392, which signifies that the company had a 0.0392% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for AutoZone, which you can use to evaluate the volatility of the firm. Please confirm AutoZone's Mean Deviation of 1.06, downside deviation of 0.9595, and Risk Adjusted Performance of 0.0513 to double-check if the risk estimate we provide is consistent with the expected return of 0.0588%. AutoZone has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.89, which signifies possible diversification benefits within a given portfolio. AutoZone returns are very sensitive to returns on the market. As the market goes up or down, AutoZone is expected to follow. AutoZone right now shows a risk of 1.5%. Please confirm AutoZone total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to decide if AutoZone will be following its price patterns.
Auto-correlation | 0.35 |
Below average predictability
AutoZone has below average predictability. Overlapping area represents the amount of predictability between AutoZone time series from 30th of May 2024 to 28th of August 2024 and 28th of August 2024 to 26th of November 2024. 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 price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current AutoZone price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 6161.04 |
AutoZone lagged returns against current returns
Autocorrelation, which is AutoZone 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's stock expected returns. We can calculate the autocorrelation of AutoZone returns to help us make a trade decision. For example, suppose you find that AutoZone 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 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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AutoZone stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AutoZone stock over time.
Current vs Lagged Prices |
| Timeline |
AutoZone Lagged Returns
When evaluating AutoZone's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AutoZone stock have on its future price. AutoZone 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 autocorrelation shows the relationship between AutoZone stock current value and its past values and can show if there is a momentum factor associated with investing in AutoZone.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
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 Correlation, AutoZone Volatility and AutoZone Alpha and Beta module to complement your research on AutoZone. For more detail on how to invest in AutoZone Stock please use our How to Invest in AutoZone guide.You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
AutoZone technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.