Advance Auto Parts Stock Filter Stocks by Fundamentals

AAP Stock  USD 85.32  1.07  1.27%   
Advance Auto Parts fundamentals help investors to digest information that contributes to Advance Auto's financial success or failures. It also enables traders to predict the movement of Advance Stock. The fundamental analysis module provides a way to measure Advance Auto's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Advance Auto stock.
  
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Advance Cash Flow from Operations Analysis

Advance Cash Flow from Operations Driver Correlations

Understanding the fundamental principles of building solid financial models for Advance Auto is extremely important. It helps to project a fair market value of Advance Stock properly, considering its historical fundamentals such as Cash Flow from Operations. Since Advance Auto's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Advance Auto's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Advance Auto's interrelated accounts and indicators.
0.720.87-0.57-0.60.980.80.660.77-0.430.950.820.680.970.90.78-0.560.69-0.650.760.730.520.460.880.710.830.57-0.43-0.74-0.49
0.720.33-0.54-0.030.560.920.720.77-0.40.690.820.250.790.610.4-0.570.1-0.170.880.830.630.370.610.80.370.67-0.14-0.260.11
0.870.33-0.32-0.820.950.490.470.54-0.40.840.610.680.790.80.83-0.30.84-0.810.510.520.330.290.820.480.920.28-0.47-0.9-0.65
-0.57-0.54-0.320.18-0.51-0.64-0.26-0.46-0.05-0.53-0.65-0.36-0.53-0.45-0.211.0-0.340.26-0.43-0.37-0.13-0.52-0.4-0.34-0.24-0.230.10.20.15
-0.6-0.03-0.820.18-0.72-0.21-0.4-0.250.33-0.73-0.35-0.37-0.44-0.65-0.690.15-0.790.98-0.13-0.1-0.170.0-0.7-0.23-0.82-0.220.50.850.57
0.980.560.95-0.51-0.720.690.580.68-0.40.920.760.730.910.890.81-0.50.8-0.730.650.630.420.440.880.610.890.46-0.47-0.82-0.59
0.80.920.49-0.64-0.210.690.680.73-0.310.740.970.430.830.690.44-0.660.3-0.320.890.820.450.580.780.770.470.53-0.2-0.410.05
0.660.720.47-0.26-0.40.580.680.37-0.850.730.620.030.60.70.74-0.280.12-0.550.530.50.810.030.670.480.680.76-0.48-0.550.05
0.770.770.54-0.46-0.250.680.730.37-0.110.730.70.520.860.630.39-0.480.45-0.290.820.760.360.330.640.940.430.47-0.22-0.36-0.32
-0.43-0.4-0.4-0.050.33-0.4-0.31-0.85-0.11-0.47-0.270.12-0.36-0.47-0.81-0.050.030.46-0.23-0.26-0.850.23-0.43-0.25-0.67-0.570.470.470.03
0.950.690.84-0.53-0.730.920.740.730.73-0.470.770.510.880.90.77-0.520.68-0.790.680.620.550.270.890.690.840.63-0.46-0.77-0.44
0.820.820.61-0.65-0.350.760.970.620.7-0.270.770.470.830.70.48-0.670.41-0.450.860.820.360.570.830.750.550.38-0.25-0.550.0
0.680.250.68-0.36-0.370.730.430.030.520.120.510.470.70.620.36-0.340.73-0.290.520.5-0.090.730.540.320.440.18-0.18-0.39-0.69
0.970.790.79-0.53-0.440.910.830.60.86-0.360.880.830.70.860.67-0.530.58-0.490.880.850.490.50.810.790.70.57-0.38-0.6-0.42
0.90.610.8-0.45-0.650.890.690.70.63-0.470.90.70.620.860.74-0.430.64-0.70.650.590.440.330.830.550.770.69-0.56-0.67-0.51
0.780.40.83-0.21-0.690.810.440.740.39-0.810.770.480.360.670.74-0.190.53-0.740.370.390.70.040.730.420.950.5-0.52-0.8-0.5
-0.56-0.57-0.31.00.15-0.5-0.66-0.28-0.48-0.05-0.52-0.67-0.34-0.53-0.43-0.19-0.30.23-0.46-0.4-0.14-0.53-0.39-0.36-0.22-0.230.10.190.1
0.690.10.84-0.34-0.790.80.30.120.450.030.680.410.730.580.640.53-0.3-0.680.260.21-0.030.320.70.320.70.13-0.21-0.74-0.8
-0.65-0.17-0.810.260.98-0.73-0.32-0.55-0.290.46-0.79-0.45-0.29-0.49-0.7-0.740.23-0.68-0.22-0.19-0.30.01-0.73-0.3-0.84-0.330.580.850.45
0.760.880.51-0.43-0.130.650.890.530.82-0.230.680.860.520.880.650.37-0.460.26-0.220.980.40.510.660.820.390.47-0.16-0.35-0.01
0.730.830.52-0.37-0.10.630.820.50.76-0.260.620.820.50.850.590.39-0.40.21-0.190.980.420.470.590.770.40.4-0.17-0.350.01
0.520.630.33-0.13-0.170.420.450.810.36-0.850.550.36-0.090.490.440.7-0.14-0.03-0.30.40.42-0.20.40.460.570.74-0.17-0.32-0.02
0.460.370.29-0.520.00.440.580.030.330.230.270.570.730.50.330.04-0.530.320.010.510.47-0.20.370.220.110.03-0.03-0.13-0.12
0.880.610.82-0.4-0.70.880.780.670.64-0.430.890.830.540.810.830.73-0.390.7-0.730.660.590.40.370.690.820.46-0.37-0.8-0.35
0.710.80.48-0.34-0.230.610.770.480.94-0.250.690.750.320.790.550.42-0.360.32-0.30.820.770.460.220.690.450.43-0.18-0.4-0.1
0.830.370.92-0.24-0.820.890.470.680.43-0.670.840.550.440.70.770.95-0.220.7-0.840.390.40.570.110.820.450.44-0.49-0.92-0.54
0.570.670.28-0.23-0.220.460.530.760.47-0.570.630.380.180.570.690.5-0.230.13-0.330.470.40.740.030.460.430.44-0.27-0.19-0.18
-0.43-0.14-0.470.10.5-0.47-0.2-0.48-0.220.47-0.46-0.25-0.18-0.38-0.56-0.520.1-0.210.58-0.16-0.17-0.17-0.03-0.37-0.18-0.49-0.270.520.25
-0.74-0.26-0.90.20.85-0.82-0.41-0.55-0.360.47-0.77-0.55-0.39-0.6-0.67-0.80.19-0.740.85-0.35-0.35-0.32-0.13-0.8-0.4-0.92-0.190.520.43
-0.490.11-0.650.150.57-0.590.050.05-0.320.03-0.440.0-0.69-0.42-0.51-0.50.1-0.80.45-0.010.01-0.02-0.12-0.35-0.1-0.54-0.180.250.43
Click cells to compare fundamentals
Competition

In accordance with the recently published financial statements, Advance Auto Parts has 0.0null in Cash Flow from Operations. This indicator is about the same for the Specialty Retail average (which is currently at 0.0) sector and about the same as Cash Flow from Operations (which currently averages 0.0) industry. This indicator is about the same for all United States stocks average (which is currently at 0.0).

Did you try this?

Run Portfolio Diagnostics Now

   

Portfolio Diagnostics

Use generated alerts and portfolio events aggregator to diagnose current holdings
All  Next Launch Module

Advance Auto ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Advance Auto's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Advance Auto's managers, analysts, and investors.
Environment Score
Governance Score
Social Score

Advance Fundamentals

About Advance Auto Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Advance Auto Parts's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Advance Auto using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Advance Auto Parts based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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.

Advance Auto Investors Sentiment

The influence of Advance Auto'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 Advance. 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 Advance Auto's public news can be used to forecast risks associated with an investment in Advance. The trend in average sentiment can be used to explain how an investor holding Advance can time the market purely based on public headlines and social activities around Advance Auto Parts. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Advance Auto'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 Advance Auto'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 Advance Auto's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Advance Auto.

Advance Auto Implied Volatility

    
  60.48  
Advance Auto's implied volatility exposes the market's sentiment of Advance Auto Parts stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Advance Auto's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Advance Auto stock will not fluctuate a lot when Advance Auto's options are near their expiration.
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 Advance Auto 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, Advance Auto's short interest history, or implied volatility extrapolated from Advance Auto options trading.

Pair Trading with Advance Auto

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 Advance Auto 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 Advance Auto will appreciate offsetting losses from the drop in the long position's value.

Moving together with Advance Stock

  0.61M Macys Inc Financial Report 6th of June 2024 PairCorr
  0.9DIBS 1StdibsCom Financial Report 8th of May 2024 PairCorr
  0.79AN AutoNation Financial Report 18th of April 2024 PairCorr

Moving against Advance Stock

  0.78FNKO Funko Inc Financial Report 2nd of May 2024 PairCorr
  0.69BQ Boqii Holding LimitedPairCorr
  0.69LL LL Flooring HoldingsPairCorr
  0.67FL Foot Locker Financial Report 17th of May 2024 PairCorr
  0.6WEYS Weyco GroupPairCorr
The ability to find closely correlated positions to Advance Auto could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Advance Auto 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 Advance Auto - 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 Advance Auto Parts to buy it.
The correlation of Advance Auto 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 Advance Auto moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Advance Auto Parts 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 Advance Auto 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.
Pair CorrelationCorrelation Matching
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 Advance Auto Piotroski F Score and Advance Auto Altman Z Score analysis.
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 Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.

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.
Instant Ratings
Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance
Portfolio Comparator
Compare the composition, asset allocations and performance of any two portfolios in your account
Idea Optimizer
Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
Odds Of Bankruptcy
Get analysis of equity chance of financial distress in the next 2 years
Portfolio File Import
Quickly import all of your third-party portfolios from your local drive in csv format
Equity Analysis
Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities
Portfolio Dashboard
Portfolio dashboard that provides centralized access to all your investments
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.