AZO Forecast


Bullish Case: AutoZone's strong historical performance, demonstrated by positive Returns over the past 17 years, suggests the potential for continued price appreciation. Low deviation in Helium versus Market Volatility supports this.


Bearish Case: High recent insider selling, along with mean-reverting price behavior and higher market uncertainty implied by the volatility surface, indicate vulnerabilities to downside risks.


Potential Outcomes:

1) Modest price increase, ~60% probability, based on historical positivity in returns graphs;

2) Flat/neutral price action, ~30% probability, supported by mean reversion and flat term structure;

3) Price decline, ~10% probability, driven by potential high volatility spikes and recent insider sale trends.


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June 24, 2024


Autozone Forecast

AZO      Autozone











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Assets that tend to move strongly with AZO



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INFA Forecast + Options Trading Strategies   INFA  Informatica (0.91)


KIE Forecast + Options Trading Strategies   KIE  SPDR Series Trust - SPDR S&P Insurance (0.91)



Uncorrelated Assets

Assets with little price relationship to AZO



HPQ Forecast + Options Trading Strategies   HPQ  HP (-0.0)


MAG Forecast + Options Trading Strategies   MAG  MAG Silver (0.0)


FTDR Forecast + Options Trading Strategies   FTDR  Frontdoor (0.0)


EQR Forecast + Options Trading Strategies   EQR  Equity Residential Properties (0.01)


LSXMK Forecast + Options Trading Strategies   LSXMK  Liberty Media Corp. (Tracking Stock - SiriusXM) Series C (-0.01)



Anticorrelated Assets

Assets that tend to move strongly against AZO



EXTR Forecast + Options Trading Strategies   EXTR  Extreme Networks (-0.88)


CLNE Forecast + Options Trading Strategies   CLNE  Clean Energy Fuels (-0.88)


IRDM Forecast + Options Trading Strategies   IRDM  Iridium Communications (-0.88)


BOIL Forecast + Options Trading Strategies   BOIL  ProShares Ultra Bloomberg Natural Gas (-0.89)


AGL Forecast + Options Trading Strategies   AGL  Agilon Health (-0.89)


AZO News over Time





Click points to explore news by date. News sentiment ranges from -10 (very negative) to +10 (very positive) where 0 is neutral.






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