Advance Auto Parts Stock Analysis

Advance Stock Analysis Notes

About 99.0% of the company shares are held by institutions such as insurance companies. The company has price-to-book (P/B) ratio of 1.67. Some equities with similar Price to Book (P/B) outperform the market in the long run. Advance Auto Parts has Price/Earnings To Growth (PEG) ratio of 1.34. The entity last dividend was issued on the 11th of April 2024. The firm had 3:2 split on the 26th of September 2005. Advance Auto Parts, Inc. provides automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. The company was founded in 1929 and is based in Raleigh, North Carolina. Advance Auto operates under Specialty Retail classification in the United States and is traded on New York Stock Exchange. It employs 41000 people. For more info on Advance Auto Parts please contact Thomas Greco at 540 362 4911 or go to https://shop.advanceautoparts.com.

Advance Auto Parts Investment Alerts

Advance Auto Parts Upcoming and Recent Events

Advance Largest EPS Surprises

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Advance Auto Thematic Classifications

Advance Stock Institutional Investors

Note, although Advance Auto's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Advance Market Capitalization

The company currently falls under 'Mid-Cap' category with a total capitalization of 4.69 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Advance Auto's market, we take the total number of its shares issued and multiply it by Advance Auto's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.

Advance Profitablity

Management Efficiency

At this time, Advance Auto's Return On Tangible Assets are relatively stable compared to the past year. As of 04/20/2024, Return On Capital Employed is likely to grow to 0.21, while Return On Equity is likely to drop 0.14. At this time, Advance Auto's Liabilities And Stockholders Equity is relatively stable compared to the past year. As of 04/20/2024, Non Current Liabilities Total is likely to grow to about 5.4 B, while Total Current Liabilities is likely to drop slightly above 2.9 B. Advance Auto's management efficiency ratios could be used to measure how well Advance Auto manages its routine affairs as well as how well it operates its assets and liabilities.

Technical Drivers

As of the 20th of April, Advance Auto shows the Downside Deviation of 2.38, mean deviation of 1.87, and Risk Adjusted Performance of 0.113. Advance Auto Parts technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to analyze nineteen technical drivers for Advance Auto Parts, which can be compared to its peers. Please confirm Advance Auto Parts variance, maximum drawdown, as well as the relationship between the Maximum Drawdown and semi variance to decide if Advance Auto Parts is priced correctly, providing market reflects its regular price of 78.69 per share. Given that Advance Auto has jensen alpha of 0.287, we suggest you to validate Advance Auto Parts's prevailing market performance to make sure the company can sustain itself at a future point.

Advance Auto Parts Price Movement Analysis

Advance Auto Parts Insider Trading Activities

Advance Auto Outstanding Bonds

Advance Auto Predictive Daily Indicators

Advance Auto Corporate Filings

Advance Auto Forecast Models

Advance Auto's time-series forecasting models are one of many Advance Auto's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Advance Auto's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Stock analysis is the technique used by a trader or investor to examine and evaluate how Advance Auto prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Advance shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Advance Auto. By using and applying Advance Stock analysis, traders can create a robust methodology for identifying Advance entry and exit points for their positions.

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Advance analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Advance analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.

Advance Auto Parts stock analysis indicators help investors 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 understating and applying Advance Auto stock analysis, traders can identify Advance Auto position entry and exit signals to maximize returns.

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 Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.

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.

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.

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.