Advance Auto Parts Stock Price on May 20, 2019

AAP Stock  USD 85.32  1.07  1.27%   
Below is the normalized historical share price chart for Advance Auto Parts extending back to November 29, 2001. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Advance Auto stands at 85.32, as last reported on the 28th of March, with the highest price reaching 85.93 and the lowest price hitting 84.77 during the day.
IPO Date
29th of November 2001
200 Day MA
63.6593
50 Day MA
69.7558
Beta
1.162
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
If you're considering investing in Advance Stock, it is important to understand the factors that can impact its price. Advance Auto appears to be very steady, given 3 months investment horizon. Advance Auto Parts secures Sharpe Ratio (or Efficiency) of 0.27, which signifies that the company had a 0.27% return per unit of risk over the last 3 months. By analyzing Advance Auto's technical indicators, you can evaluate if the expected return of 0.58% is justified by implied risk. Please makes use of Advance Auto's Downside Deviation of 1.61, risk adjusted performance of 0.1548, and Mean Deviation of 1.61 to double-check if our risk estimates are consistent with your expectations.
  
At this time, Advance Auto's Common Stock Shares Outstanding is relatively stable compared to the past year. As of 03/28/2024, Liabilities And Stockholders Equity is likely to grow to about 13.7 B, while Total Stockholder Equity is likely to drop slightly above 1.8 B. . At this time, Advance Auto's Price Book Value Ratio is relatively stable compared to the past year. As of 03/28/2024, Price To Book Ratio is likely to grow to 4.85, though Price Earnings To Growth Ratio is likely to grow to (1.21). Advance Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.2736

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Estimated Market Risk

 2.12
  actual daily
18
82% of assets are more volatile

Expected Return

 0.58
  actual daily
11
89% of assets have higher returns

Risk-Adjusted Return

 0.27
  actual daily
21
79% of assets perform better
Based on monthly moving average Advance Auto is performing at about 21% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Advance Auto by adding it to a well-diversified portfolio.
Price Book
1.9912
Enterprise Value Ebitda
19.9735
Price Sales
0.4445
Shares Float
55.5 M
Dividend Share
2.25

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

About Advance Auto Stock history

Advance Auto investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Advance is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Advance Auto Parts will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Advance Auto stock prices may prove useful in developing a viable investing in Advance Auto
Last ReportedProjected for 2024
Common Stock Shares Outstanding59.6 M66.8 M
Net Income Applicable To Common Shares577.2 M362.5 M

Advance Auto Quarterly Net Working Capital

1.07 Billion

Advance Auto Stock Technical Analysis

Advance Auto 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 Advance Auto technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Advance Auto 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...

Price Boundaries

Advance Auto Period Price Range

Advance Auto March 28, 2024 Market Strength

Market strength indicators help investors to evaluate how Advance Auto stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Advance Auto shares will generate the highest return on investment. By undertsting and applying Advance Auto stock market strength indicators, traders can identify Advance Auto Parts entry and exit signals to maximize returns

Advance Auto Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Advance Auto's price direction in advance. Along with the technical and fundamental analysis of Advance Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Advance to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
When determining whether Advance Auto Parts is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Advance Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Advance Auto Parts Stock. Highlighted below are key reports to facilitate an investment decision about Advance Auto Parts Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Advance Auto Parts. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
Note that the Advance Auto Parts information on this page should be used as a complementary analysis to other Advance Auto'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 FinTech Suite module to use AI to screen and filter profitable investment opportunities.

Complementary Tools for Advance Stock analysis

When running Advance Auto's price analysis, check to measure Advance Auto'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 Advance Auto is operating at the current time. Most of Advance Auto's value examination focuses on studying past and present price action to predict the probability of Advance Auto's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Advance Auto's price. Additionally, you may evaluate how the addition of Advance Auto to your portfolios can decrease your overall portfolio volatility.
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Is Advance Auto'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 Advance Auto. If investors know Advance 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 Advance Auto 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
(0.40)
Dividend Share
2.25
Earnings Share
0.5
Revenue Per Share
189.925
Quarterly Revenue Growth
(0)
The market value of Advance Auto Parts is measured differently than its book value, which is the value of Advance that is recorded on the company's balance sheet. Investors also form their own opinion of Advance Auto's value that differs from its market value or its book value, called intrinsic value, which is Advance Auto'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 Advance Auto's market value can be influenced by many factors that don't directly affect Advance Auto'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 Advance Auto's value and its price as these two are different measures arrived at by different means. Investors typically determine if Advance Auto is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Advance Auto'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.