Advance Auto Parts Inc Stock Price Down 3.84 percent on Jan 7
| AAP Stock | USD 47.37 0.89 1.91% |
Slightly above 55% of Advance Auto's retail investors are presently thinking to get in. The analysis of current outlook of investing in Advance Auto Parts suggests that some traders are interested regarding Advance Auto's prospects. Advance Auto's investing sentiment overview a quick insight into current market opportunities from investing in Advance Auto Parts. Many technical investors use Advance Auto Parts stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
Advance |
Shares of Advance Auto Parts Inc fell 3.84 percent in mid-day trading on Jan 7. The stock reached an intraday low of 45.83, before recovering slightly to 45.
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Advance Auto Fundamental Analysis
We analyze Advance Auto'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 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.
Current Asset
Current Asset Comparative Analysis
Advance Auto is currently under evaluation in current asset category among its peers. Current Asset is all of the company's assets that can be used to pay off current liabilities within the current fiscal period or over the next 12 months. Current Asset includes cash or cash equivalents, accounts receivable, short-term investments, and the portion of prepaid liabilities which will be paid within the next 12 months. Because these assets are easily turned into cash, they are sometimes referred to as liquid assets.
Advance Auto Parts Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Advance Auto stock to make a market-neutral strategy. Peer analysis of Advance Auto could also be used in its relative valuation, which is a method of valuing Advance Auto by comparing valuation metrics with similar companies.
Peers
Advance Auto Related Equities
| DKS | Dicks Sporting | 3.91 | ||||
| AZO | AutoZone | 1.43 | ||||
| GPC | Genuine Parts | 0.56 | ||||
| ULTA | Ulta Beauty | 0.03 | ||||
| ORLY | OReilly Automotive | 0.02 | ||||
| TSCO | Tractor Supply | 0.16 | ||||
| WSM | Williams Sonoma | 0.17 | ||||
| BBY | Best Buy | 0.72 | ||||
| FIVE | Five Below | 0.72 | ||||
| RH | RH | 1.89 |
Additional 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.