Advance Stock Alpha and Beta Analysis


USD 182.31  8.67  4.99%   

This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Advance Auto Parts. It also helps investors analyze the systematic and unsystematic risks associated with investing in Advance Auto over a specified time horizon. Remember, high Advance Auto's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation.
Please continue to Advance Auto Backtesting, Advance Auto Valuation, Advance Auto Correlation, Advance Auto Hype Analysis, Advance Auto Volatility, Advance Auto History and analyze Advance Auto Performance.
Please note that although Advance Auto alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., DOW index.) So in this particular case, Advance Auto did 0.09  worse than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of Advance Auto Parts stock's relative risk over its benchmark. Advance Auto Parts has a beta of 1.06  . Let's try to break down what Advance's beta means in this case. Advance Auto returns are very sensitive to returns on the market. As the market goes up or down, Advance Auto is expected to follow.
As of 5th of July 2022, Book Value per Share is likely to drop to 46.58. In addition to that, Enterprise Value over EBIT is likely to drop to 20.00.
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.

Advance Auto Quarterly Book Value per Share



Advance Auto Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Advance Auto market risk premium is the additional return an investor will receive from holding Advance Auto long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Advance Auto. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Advance Auto's performance over market.
α-0.09   β1.06
90 days against DJI

Advance Auto expected buy-and-hold returns

Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Advance Auto's Buy-and-hold return. Our buy-and-hold chart shows how Advance Auto performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

Advance Auto Market Price Analysis

Market price analysis indicators help investors to evaluate how Advance Auto stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Advance Auto shares will generate the highest return on investment. By understating and applying Advance Auto stock market price indicators, traders can identify Advance Auto position entry and exit signals to maximize returns.

Advance Auto Return and Market Media

The median price of Advance Auto for the period between Wed, Apr 6, 2022 and Tue, Jul 5, 2022 is 198.74 with a coefficient of variation of 8.89. The daily time series for the period is distributed with a sample standard deviation of 17.51, arithmetic mean of 197.05, and mean deviation of 15.31. The Stock received substential amount of media coverage during this period.
 Price Growth (%)  
Riggs, Borst split Saturday late model races at South Boston...05/02/2022
Advance Auto Parts Investors Seek Final OK Of 49M Deal - Law...05/10/2022
Consolidated Water Q1 Earnings Sales Beat Estimates - Nasdaq05/16/2022
Weak Housing Data Raises Profit Margin Concerns Causing Stoc...05/19/2022
Financial Statements05/20/2022
EPS Reported05/23/2022
Financial Statements05/24/2022
Advance Auto Parts, Inc. Forecasted to Post FY2024 Earnings ...05/26/2022
Acquisition by Sherice Torres of 855 shares of Advance Auto ...06/01/2022
United States Automotive Aftermarket Report 2022-2026 Key Pl...06/07/2022
Payment of tradable shares by Jason McDonell of Advance Auto...06/09/2022
Firms Get 14.7M For Advance Auto Parts Suit Deal In Del. - L...06/14/2022

About Advance Auto Beta and Alpha

For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all equity instruments such as Ford or other stocks, funds, and ETFs. Alpha measures the amount that position in Advance Auto Parts has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
 2011 2012 2016 (projected)
Long Term Debt to Equity0.490.330.36
Interest Coverage21.4822.1913.15

Advance Auto Upcoming Company Events

As portrayed in its financial statements, the presentation of Advance Auto's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Advance Auto's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Advance Auto's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Advance Auto. Please utilize our Beneish M Score to check the likelihood of Advance Auto's management manipulating its earnings.
Upcoming Quarterly Report15th of February 2022
Next Financial Report1st of June 2022
Next Fiscal Quarter End31st of December 2021
Next Fiscal Year End15th of February 2022
Last Quarter Report30th of September 2021
Last Financial Announcement31st of December 2020

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Please continue to Advance Auto Backtesting, Advance Auto Valuation, Advance Auto Correlation, Advance Auto Hype Analysis, Advance Auto Volatility, Advance Auto History and analyze Advance Auto Performance. Note that the Advance Auto Parts information on this page should be used as a complementary analysis to other Advance Auto's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Volatility Analysis module to get historical volatility and risk analysis based on latest market data.

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Advance Auto technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Advance Auto technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Advance Auto trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...