Automotive Properties Real Stock Beta
| APR-UN Stock | CAD 10.15 0.13 1.26% |
Automotive Properties Real fundamentals help investors to digest information that contributes to Automotive Properties' financial success or failures. It also enables traders to predict the movement of Automotive Stock. The fundamental analysis module provides a way to measure Automotive Properties' 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 Automotive Properties stock.
Automotive | Beta |
Automotive Properties Real Company Beta Analysis
Automotive Properties' Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Automotive Properties Beta | 0.85 |
Most of Automotive Properties' fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Automotive Properties Real is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Automotive Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Automotive Properties is extremely important. It helps to project a fair market value of Automotive Stock properly, considering its historical fundamentals such as Beta. Since Automotive Properties' 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 Automotive Properties' 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 Automotive Properties' interrelated accounts and indicators.
Click cells to compare fundamentals
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Automotive Properties Real has a Beta of 0.852. This is 18.33% higher than that of the Diversified REITs sector and 31.08% higher than that of the Real Estate industry. The beta for all Canada stocks is notably lower than that of the firm.
Automotive Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Automotive Properties' direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Automotive Properties could also be used in its relative valuation, which is a method of valuing Automotive Properties by comparing valuation metrics of similar companies.Automotive Properties is currently under evaluation in beta category among its peers.
Automotive Properties Current Valuation Drivers
We derive many important indicators used in calculating different scores of Automotive Properties from analyzing Automotive Properties' financial statements. These drivers represent accounts that assess Automotive Properties' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Automotive Properties' important valuation drivers and their relationship over time.
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Market Cap | 510.1M | 729.4M | 636.0M | 528.8M | 534.6M | 408.2M | |
| Enterprise Value | 912.8M | 1.1B | 1.1B | 1.1B | 1.0B | 759.2M |
Automotive Properties returns are very sensitive to returns on the market. As the market goes up or down, Automotive Properties is expected to follow.
Automotive Fundamentals
| Return On Equity | 0.12 | ||||
| Return On Asset | 0.0382 | ||||
| Profit Margin | 0.77 % | ||||
| Operating Margin | 0.75 % | ||||
| Current Valuation | 1.01 B | ||||
| Shares Outstanding | 49.09 M | ||||
| Shares Owned By Insiders | 33.23 % | ||||
| Shares Owned By Institutions | 1.98 % | ||||
| Number Of Shares Shorted | 211.36 K | ||||
| Price To Earning | 31.48 X | ||||
| Price To Book | 0.76 X | ||||
| Price To Sales | 5.38 X | ||||
| Revenue | 93.88 M | ||||
| Gross Profit | 79.33 M | ||||
| EBITDA | 73.1 M | ||||
| Net Income | 72 M | ||||
| Cash And Equivalents | 30.16 M | ||||
| Cash Per Share | 1.01 X | ||||
| Total Debt | 527.33 M | ||||
| Debt To Equity | 139.60 % | ||||
| Current Ratio | 1.17 X | ||||
| Book Value Per Share | 13.51 X | ||||
| Cash Flow From Operations | 75.91 M | ||||
| Short Ratio | 8.50 X | ||||
| Earnings Per Share | 1.47 X | ||||
| Target Price | 12.43 | ||||
| Beta | 0.85 | ||||
| Market Capitalization | 504.65 M | ||||
| Total Asset | 1.19 B | ||||
| Retained Earnings | 166.98 M | ||||
| Working Capital | (11.41 M) | ||||
| Annual Yield | 0.08 % | ||||
| Net Asset | 1.19 B | ||||
| Last Dividend Paid | 0.8 |
About Automotive Properties Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Automotive Properties Real's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Automotive Properties using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Automotive Properties Real 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.
Pair Trading with Automotive Properties
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 Automotive Properties 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 Automotive Properties will appreciate offsetting losses from the drop in the long position's value.Moving together with Automotive Stock
Moving against Automotive Stock
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The ability to find closely correlated positions to Automotive Properties could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Automotive Properties 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 Automotive Properties - 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 Automotive Properties Real to buy it.
The correlation of Automotive Properties 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 Automotive Properties moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Automotive Properties 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 Automotive Properties 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.Other Information on Investing in Automotive Stock
Automotive Properties financial ratios help investors to determine whether Automotive Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Automotive with respect to the benefits of owning Automotive Properties security.