Advance Story

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AAP -- USA Stock  

USD 146.71  0.26  0.18%

With so much uncertainty about the consumer cyclical space, it is fair to recap Advance Auto Parts against current market trends. As expected, Advance Auto is starting to reaffirm its true potential as insiders are becoming more and more confident in the future outlook. The returns on the market and returns on Advance Auto appear somewhat reactive to each other for the last few months. Healthy basic indicators of the firm may also hint at signals of long period gains for Advance insiders. Advance Auto Parts is scheduled to announce its earnings today. The next earnings report is expected on the 10th of November 2020. The stock is in a buyout trend.
Published over a month ago
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Should I shadow Advance Auto Parts (NYSE:AAP) insiders?
The company's average rating is Hold from 15 analysts. Do analysts base this consensus on technical analyses? We know that typical technical analysis utilizes price momentum, patterns, and trends looking at historical prices. It aims to identify signals based on Advance Auto market sentiment investors' perception of the future value of Advance. Let us look at a few aspects of Advance technical analysis.
Using predictive technical analysis, we will analyze different prices and returns patterns and diagnose historical swings to determine the real value of Advance Auto Parts. In general, we focus on analyzing Advance Auto stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Advance Auto's daily price indicators and compare them against related drivers such as momentum indicators and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Advance Auto's intrinsic value. In addition to deriving basic predictive indicators for Advance Auto, we also check how macroeconomic factors affect Advance Auto price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.

How does Advance Stands against Peers?

Analyzing Advance Auto competition or peers my help you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Try to analyze the advantages of investing in traded instruments related to Advance Auto across multiple sectors and thematic ideas. A good competitive analysis can cover a lot of different areas. But what areas to choose depends on who you are. The more exhaustive you are in your analysis, the more effective your competitive analysis will be.
Check out Advance Auto Competition Details

What do experts say?

Stock analysis is a method for investors and traders to make buying and selling decisions. By studying and evaluating past and current data, investors and traders attempt to gain an edge in the markets by making informed decisions. It is good to see analyst projects for Advance Auto, but it might be worth checking our own buy vs. sell analysis

Closer look at Advance Auto Mean Deviation

Advance Auto Parts has current Mean Deviation of 1.61. The mean deviation of the equity instrument is the first measure of the distances between each value of security historical prices and the mean. It gives us an idea of how spread out from the center the distribution of returns.

Mean Deviation is the average of the absolute values of the differences between price distribution numbers and their mean. Mean deviation of equity instrument with a lot of historical data is a biased estimator because the time horizon used in calculation will always be much smaller than the entire price history of the equity. The mean deviation is typically used as a measure of dispersion for small investment horizon, otherwise standard deviation is a better measure of dispersion.

Mean Deviation 
 = 
SUM(RET DEV) 
 = 
1.61
SUM = Summation notation
RET DEV = Sum of return deviations of Advance Auto
N = Number of calculation points for selected time horizon
Let's now compare Advance Auto Mean Deviation to its closest peers:
AAP
LE
FIVE
FLWS
AAP1.61
LE3.94
FIVE2.17
FLWS2.62

Advance is expecting lower volatility in September

Expected Short fall just dropped to -1.92, may hint at upcoming price depreciation. Advance Auto Parts has relatively low volatility with skewness of -0.05 and kurtosis of 0.24. However, we advise all investors to independently investigate Advance Auto Parts to ensure all accessible information is consistent with the expectations about its upside potential and future expected returns.

Our Conclusion on Advance Auto

Although many of the other players under the specialty retail industry are still a bit expensive, Advance Auto may offer a potential longer-term growth to insiders. With an optimistic outlook on your 30 days horizon, it may be a good time to acquire new shares of Advance or increase your existing holdings in the Stock as it seems the potential growth has not yet been fully factored into the current price. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to Advance Auto.

About Contributor

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Raphi Shpitalnik do not own shares of Advance Auto Parts. Please refer to our Terms of Use for any information regarding our disclosure principles.

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