Advance Auto Parts Inc shows Downside Deviation of 1.63, Risk Adjusted Performance of 0.135 and Mean Deviation of 1.5. 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 future prices. In plain English 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 found nineteen technical drivers for Advance Auto Parts Inc which can be compared to its rivals. Please confirm Advance Auto PartsVariance, Maximum Drawdown as well as the relationship between Maximum Drawdown and Semi Variance to decide if Advance Auto Parts is priced correctly providing market reflects its regular price of 115.35 per share. Given that Advance Auto has Jensen Alpha of 0.9467, we suggest you validate Advance Auto Parts Inc prevailing market performance to make sure the company can sustain itself at future point.
The output start index for this execution was six with a total number of output elements of eleven. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Advance Auto Parts volatility. High ATR values indicate high volatility, and low values indicate low volatility. View also all equity analysis or get more info about average true range volatility indicators indicator.
Advance Auto Parts Trend Analysis
Use this graph to draw trend lines for Advance Auto Parts Inc. You can use it to identify possible trend reversals for Advance Auto as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Advance Auto price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Advance Auto Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Advance Auto Parts Inc applied against its price change over selected period. The best fit line has a slop of 1.11 % which may imply that Advance Auto Parts Inc will maintain its good market sentiment and make money for investors. It has 34 observation points and a regression sum of squares at 1000.91, which is the sum of squared deviations for the predicted Advance Auto price change compared to its average price change.
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Advance Auto Parts Inc is rated fifth in mean deviation category among related companies. It is rated fourth in standard deviation category among related companies creating about 1.36 of Standard Deviation per Mean Deviation. The ratio of Standard Deviation to Mean Deviation for Advance Auto Parts Inc is roughly 1.36