AutoZone Stock Forecast - Risk Adjusted Performance
| AZO Stock | USD 2,904 58.81 1.99% |
AutoZone Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast AutoZone stock prices and determine the direction of AutoZone's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of AutoZone's historical fundamentals, such as revenue growth or operating cash flow patterns. Although AutoZone's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of AutoZone's systematic risk associated with finding meaningful patterns of AutoZone fundamentals over time.
Check out Historical Fundamental Analysis of AutoZone to cross-verify your projections. AutoZone |
Open Interest Against 2024-04-19 AutoZone Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast AutoZone's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in AutoZone's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for AutoZone stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current AutoZone's open interest, investors have to compare it to AutoZone's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of AutoZone is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in AutoZone. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in AutoZone cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the AutoZone's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets AutoZone's price structures and extracts relationships that further increase the generated results' accuracy.
| Check AutoZone Volatility | Backtest AutoZone | Information Ratio |
AutoZone Trading Date Momentum
| On April 16 2024 AutoZone was traded for 2,904 at the closing time. Highest AutoZone's price during the trading hours was 3,008 and the lowest price during the day was 2,900 . There was no trading activity during the period 0.0. Lack of trading volume on the 16th of April 2024 did not affect price variability. The overall trading delta to current price is 3.58% . |
| Compare AutoZone to competition |
Other Forecasting Options for AutoZone
For every potential investor in AutoZone, whether a beginner or expert, AutoZone's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. AutoZone Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in AutoZone. Basic forecasting techniques help filter out the noise by identifying AutoZone's price trends.AutoZone Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with AutoZone stock to make a market-neutral strategy. Peer analysis of AutoZone could also be used in its relative valuation, which is a method of valuing AutoZone by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
AutoZone Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of AutoZone's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of AutoZone's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
AutoZone Market Strength Events
Market strength indicators help investors to evaluate how AutoZone stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading AutoZone shares will generate the highest return on investment. By undertsting and applying AutoZone stock market strength indicators, traders can identify AutoZone entry and exit signals to maximize returns.
| Accumulation Distribution | 0.0358 | |||
| Daily Balance Of Power | (0.55) | |||
| Rate Of Daily Change | 0.98 | |||
| Day Median Price | 2953.78 | |||
| Day Typical Price | 2937.02 | |||
| Market Facilitation Index | 107.56 | |||
| Price Action Indicator | (79.67) | |||
| Period Momentum Indicator | (58.81) |
AutoZone Risk Indicators
The analysis of AutoZone's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in AutoZone's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting autozone stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.02 | |||
| Semi Deviation | 1.15 | |||
| Standard Deviation | 1.48 | |||
| Variance | 2.18 | |||
| Downside Variance | 2.02 | |||
| Semi Variance | 1.32 | |||
| Expected Short fall | (1.07) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
AutoZone Investors Sentiment
The influence of AutoZone's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in AutoZone. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to AutoZone's public news can be used to forecast risks associated with an investment in AutoZone. The trend in average sentiment can be used to explain how an investor holding AutoZone can time the market purely based on public headlines and social activities around AutoZone. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
AutoZone's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for AutoZone's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average AutoZone's news discussions. The higher the estimated score, the more favorable is the investor's outlook on AutoZone.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards AutoZone in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, AutoZone's short interest history, or implied volatility extrapolated from AutoZone options trading.
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 together with AutoZone Stock
| 0.63 | M | Macys Inc Financial Report 6th of June 2024 | PairCorr |
| 0.85 | W | Wayfair Financial Report 2nd of May 2024 | PairCorr |
| 0.88 | DIBS | 1StdibsCom Financial Report 8th of May 2024 | PairCorr |
| 0.84 | AN | AutoNation Financial Report 18th of April 2024 | PairCorr |
| 0.69 | HD | Home Depot Financial Report 21st of May 2024 | PairCorr |
Moving against AutoZone Stock
| 0.8 | DTC | Solo Brands Financial Report 2nd of May 2024 | PairCorr |
| 0.74 | QRTEB | Qurate Retail Series | PairCorr |
| 0.67 | WOOF | Pet Acquisition LLC Financial Report 22nd of May 2024 | PairCorr |
| 0.66 | ETSY | Etsy Inc Financial Report 1st of May 2024 | PairCorr |
| 0.64 | GLBE | Global E Online Financial Report 27th of May 2024 | 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 Historical Fundamental Analysis of AutoZone to cross-verify your projections. To learn how to invest in AutoZone Stock, please use our How to Invest in AutoZone guide.Note that the AutoZone information on this page should be used as a complementary analysis to other AutoZone's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
Complementary Tools for AutoZone Stock analysis
When running AutoZone's price analysis, check to measure AutoZone'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 is operating at the current time. Most of AutoZone's value examination focuses on studying past and present price action to predict the probability of AutoZone'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's price. Additionally, you may evaluate how the addition of AutoZone to your portfolios can decrease your overall portfolio volatility.
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Is AutoZone's industry 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 0.172 | Earnings Share 141.69 | Revenue Per Share 999.527 | Quarterly Revenue Growth 0.046 | Return On Assets 0.1423 |
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.