Autozone Stock Alpha and Beta Analysis

AZO Stock  USD 3,152  41.14  1.29%   
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as AutoZone. It also helps investors analyze the systematic and unsystematic risks associated with investing in AutoZone over a specified time horizon. Remember, high AutoZone's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to AutoZone's market risk premium analysis include:
Beta
0.26
Alpha
0.25
Risk
1.45
Sharpe Ratio
0.24
Expected Return
0.35
Please note that although AutoZone alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., NYSE Composite index.) So in this particular case, AutoZone did 0.25  better than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of AutoZone stock's relative risk over its benchmark. AutoZone has a beta of 0.26  . As returns on the market increase, AutoZone's returns are expected to increase less than the market. However, during the bear market, the loss of holding AutoZone is expected to be smaller as well. As of the 29th of March 2024, Price Book Value Ratio is likely to grow to -15.25. In addition to that, Enterprise Value Multiple is likely to drop to 12.69.

AutoZone Quarterly Cash And Equivalents

277.05 Million

Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
  
Check out AutoZone Backtesting, AutoZone Valuation, AutoZone Correlation, AutoZone Hype Analysis, AutoZone Volatility, AutoZone History and analyze AutoZone Performance.
To learn how to invest in AutoZone Stock, please use our How to Invest in AutoZone guide.

AutoZone Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. AutoZone market risk premium is the additional return an investor will receive from holding AutoZone long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in AutoZone. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate AutoZone's performance over market.
α0.25   β0.26

AutoZone expected buy-and-hold returns

Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of AutoZone's Buy-and-hold return. Our buy-and-hold chart shows how AutoZone performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

AutoZone Market Price Analysis

Market price analysis 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 understating and applying AutoZone stock market price indicators, traders can identify AutoZone position entry and exit signals to maximize returns.

AutoZone Return and Market Media

The median price of AutoZone for the period between Sat, Dec 30, 2023 and Fri, Mar 29, 2024 is 2770.46 with a coefficient of variation of 7.78. The daily time series for the period is distributed with a sample standard deviation of 220.6, arithmetic mean of 2837.31, and mean deviation of 190.89. The Stock received substential amount of media coverage during this period.
 Price Growth (%)  
       Timeline  
1
Disposition of 714 shares by Lehman Lindsay of AutoZone at 2549.04 subject to Rule 16b-3
03/06/2024
2
Why AutoZone is a Top Momentum Stock for the Long-Term
03/18/2024
3
Are You a Value Investor This 1 Stock Could Be the Perfect Pick
03/19/2024
4
Couche-Tard and RELEX Partner to Amplify North American Operations
03/20/2024
5
Disposition of 2100 shares by Eric Gould of AutoZone at 744.62 subject to Rule 16b-3
03/21/2024
6
Are You a Growth Investor This 1 Stock Could Be the Perfect Pick
03/22/2024
7
Disposition of 6750 shares by William Rhodes of AutoZone at 744.85 subject to Rule 16b-3
03/25/2024
8
If You Invested 100 In This Stock 20 Years Ago, You Would Have 3,700 Today
03/26/2024
9
Why Is AutoZone Up 6 percent Since Last Earnings Report
03/28/2024

About AutoZone Beta and Alpha

For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including AutoZone or other stocks. Alpha measures the amount that position in AutoZone has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
 2012 2018 2023 2024 (projected)
Price Earnings Ratio15.5417.9617.0121.59
Short Term Coverage Ratios39.7811.4337.8435.95

AutoZone Upcoming Company Events

As portrayed in its financial statements, the presentation of AutoZone's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, AutoZone's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of AutoZone's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of AutoZone. Please utilize our Beneish M Score to check the likelihood of AutoZone's management manipulating its earnings.
27th of February 2024
Upcoming Quarterly Report
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28th of May 2024
Next Financial Report
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29th of February 2024
Next Fiscal Quarter End
View
17th of September 2024
Next Fiscal Year End
View
30th of November 2023
Last Quarter Report
View
31st of August 2023
Last Financial Announcement
View

Build Portfolio with AutoZone

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By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
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 Backtesting, AutoZone Valuation, AutoZone Correlation, AutoZone Hype Analysis, AutoZone Volatility, AutoZone History and analyze AutoZone Performance.
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 Insider Screener module to find insiders across different sectors to evaluate their impact on performance.

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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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.
A focus of AutoZone technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of AutoZone trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...