Parts Stock Performance

ID
 Stock
  

USD 1.41  0.39  38.24%   

The company holds a Beta of 0.6996, which implies possible diversification benefits within a given portfolio. Let's try to break down what Parts's beta means in this case. As returns on the market increase, Parts ID returns are expected to increase less than the market. However, during the bear market, the loss on holding Parts ID will be expected to be smaller as well. Even though it is essential to pay attention to Parts ID current trending patterns, it is always good to be careful when utilizing equity existing price patterns. Our philosophy towards forecasting any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Parts ID exposes twenty-one different technical indicators, which can help you to evaluate its performance. Parts ID has an expected return of -0.41%. Please be advised to check Parts ID treynor ratio, as well as the relationship between the potential upside and expected short fall to decide if Parts ID performance from the past will be repeated at some point in the near future.
  
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Parts Performance
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Over the last 90 days Parts ID has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of weak performance in the last few months, the Stock's fundamental indicators remain rather sound which may send shares a bit higher in July 2022. The latest tumult may also be a sign of longer-term up-swing for the firm shareholders. ...more

Parts Price Channel

Quick Ratio0.38
Fifty Two Week Low0.8600
Target High Price5.00
Fifty Two Week High8.2400
Target Low Price2.00

Parts ID Relative Risk vs. Return Landscape

If you would invest  214.00  in Parts ID on March 31, 2022 and sell it today you would lose (73.00)  from holding Parts ID or give up 34.11% of portfolio value over 90 days. Parts ID is generating negative expected returns and assumes 7.6285% volatility on return distribution over the 90 days horizon. Put differently, 66% of stocks are less risky than Parts on the basis of their historical return distribution, and some 99% of all equities are expected to be superior in generating returns on investments over the next 90 days.
 Daily Expected Return (%) 
      Risk (%) 
Allowing for the 90-day total investment horizon Parts ID is expected to under-perform the market. In addition to that, the company is 5.29 times more volatile than its market benchmark. It trades about -0.05 of its total potential returns per unit of risk. The DOW is currently generating roughly -0.12 per unit of volatility.

Parts ID Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Parts ID's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Parts ID, and traders can use it to determine the average amount a Parts ID's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = -0.0532

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Estimated Market Risk
 7.63
  actual daily
 
 66 %
of total potential
 
6666
Expected Return
 -0.41
  actual daily
 
 0 %
of total potential
 
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Risk-Adjusted Return
 -0.05
  actual daily
 
 0 %
of total potential
 
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Based on monthly moving average Parts ID is performing at about 0% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Parts ID by adding it to a well-diversified portfolio.

About Parts ID Performance

To evaluate Parts ID Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Parts ID generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Parts Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Parts ID stock market performance in a much more refined way. At Macroaxis, we take it even further. The Macroaxis performance score is an integer between 0 and 100 that represents Parts's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2022
Return on Average Assets(0.14) (0.14) 
Return on Average Equity 0.64  0.66 
Return on Invested Capital 0.23  0.25 
Return on Sales(0.02) (0.0205) 
PARTS iD, Inc., a digital commerce company, primarily sells automotive parts and accessories through its proprietary platforms. The company was founded in 2008 and is based in Cranbury, New Jersey. Parts ID operates under Internet Retail classification in the United States and is traded on NYSEMKT Exchange. It employs 108 people.

Things to note about Parts ID

Checking the ongoing alerts about Parts ID for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Parts ID help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Parts ID Alerts

Equity Alerts and Improvement Suggestions

Parts ID generated a negative expected return over the last 90 days
Parts ID has high historical volatility and very poor performance
Parts ID may become a speculative penny stock
The company reports 3.75 K of total liabilities with total debt to equity ratio (D/E) of 0.88, which is normal for its line of buisiness. Parts ID has a current ratio of 0.53, implying that it has not enough working capital to pay out debt commitments in time. Debt can assist Parts ID until it has trouble settling it off, either with new capital or with free cash flow. So, Parts ID's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Parts ID sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Parts to invest in growth at high rates of return. When we think about Parts ID's use of debt, we should always consider it together with cash and equity.
The entity generated the yearly revenue of 448.67 M. Annual Net Loss to common stockholders was (7.96 M) with gross profit of 90.23 M.
Parts ID has a poor financial position based on the latest SEC disclosures
About 83.0% of Parts ID shares are held by company insiders
Latest headline from seekingalpha.com: Apple Stock Have You Seen These Images Part II - Seeking Alpha
Please see Risk vs Return Analysis. Note that the Parts ID information on this page should be used as a complementary analysis to other Parts ID'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 Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.

Complementary Tools for Parts Stock analysis

When running Parts ID price analysis, check to measure Parts ID'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 Parts ID is operating at the current time. Most of Parts ID's value examination focuses on studying past and present price action to predict the probability of Parts ID's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Parts ID's price. Additionally, you may evaluate how the addition of Parts ID to your portfolios can decrease your overall portfolio volatility.
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Is Parts ID's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Parts ID. If investors know Parts will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Parts ID listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
-0.78
Market Capitalization
47.9 M
Quarterly Revenue Growth YOY
-0.13
Return On Assets
-0.14
The market value of Parts ID is measured differently than its book value, which is the value of Parts that is recorded on the company's balance sheet. Investors also form their own opinion of Parts ID's value that differs from its market value or its book value, called intrinsic value, which is Parts ID's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Parts ID's market value can be influenced by many factors that don't directly affect Parts ID's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Parts ID's value and its price as these two are different measures arrived at by different means. Investors typically determine Parts ID value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Parts ID's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.