Advance Auto Parts, Inc. Q3 2024 Earnings Call Transcript
| AMDVX Fund | USD 17.83 0.05 0.28% |
Slightly above 54% of Mid Cap's investor base is interested to short. The analysis of overall sentiment of trading Mid Cap Value mutual fund suggests that many investors are impartial at this time. Mid Cap's investing sentiment can be driven by a variety of factors including economic data, Mid Cap's earnings reports, geopolitical events, and overall market trends.
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Operator Hello, everyone, and welcome to the Q3 2024 Advance Auto Parts Earnings Conference Call. My name is Charlie, and I
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Mid Cap Fundamental Analysis
We analyze Mid Cap's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Mid Cap using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Mid Cap based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Ten Year Return
Ten Year Return Comparative Analysis
Mid Cap is currently under evaluation in ten year return among similar funds. Ten Year Return shows the total annualized return generated from holding a fund for the last 10 years and represents fund's capital appreciation, including dividends losses and capital gains distributions. This return indicator is considered by many investors to be the ultimate measures of fund performance and can reflect the overall performance of the market or market segment it invests in.
Mid Cap Value Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Mid Cap mutual fund to make a market-neutral strategy. Peer analysis of Mid Cap could also be used in its relative valuation, which is a method of valuing Mid Cap by comparing valuation metrics with similar companies.
Peers
Mid Cap Related Equities
| OIEJX | Jpmorgan Equity | 0.70 | ||||
| FSMDX | Fidelity Mid | 0.19 | ||||
| MEIKX | Mfs Value | 0.16 | ||||
| RNWGX | New World | 0.05 | ||||
| JGMNX | Janus Triton | 0.13 |
Other Information on Investing in Mid Mutual Fund
Mid Cap financial ratios help investors to determine whether Mid Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Mid with respect to the benefits of owning Mid Cap security.
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments |