Advance Story

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AAP -- USA Stock  

USD 149.40  0.43  0.29%

Advance Auto is generating 0.0208% of daily returns assuming volatility of 1.3756% on return distribution over 90 days investment horizon. As many investors are getting excited about consumer cyclical space, it is fair to recap Advance Auto Parts. We are going to focus on if the current expected returns justify Advance Auto's volatility.
Published over a week ago
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Will Advance Auto (NYSE:AAP) low risk outlook last untill December?
Advance Auto Parts has roughly 1.14 B in cash with 822.96 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 16.62.
Volatility is a rate at which the price of Advance Auto or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Advance Auto may increase or decrease. In other words, similar to Advance's beta indicator, it measures the risk of Advance Auto and helps estimate the fluctuations that may happen in a short period of time. So if prices of Advance Auto fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility. Please read more on our technical analysis page.

How important is Advance Auto's Liquidity

Advance Auto financial leverage refers to using borrowed capital as a funding source to finance Advance Auto Parts ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Advance Auto financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between Advance Auto's total debt and its cash.

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

Advance Auto Volatility Drivers

Advance Auto unsystematic risk is unique to Advance Auto Parts and usually not directly affected by the market or economic environment. An example of unsystematic risk is the possibility of poor earnings or a layoff due to coronavirus. One may mitigate nonsystematic risk by buying different securities in the same industry or by buying in different sectors. For example, if you have a position in Advance Auto you can also buy AutoZone. You can also mitigate this risk by investing in the specialty retail sector as well as in companies having nothing to do with it. This type of risk is also called diversifiable risk and can be understood from analyzing Advance Auto important indicators over time. Here we run a correlation analysis between relevant fundamental ratios over at least ten year period to find a relationship in the way they react to changes in Advance Auto income statement and balance sheet. Here are more details about Advance volatility.
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