Advance Historical Financial Ratios
| AAP Stock | USD 41.35 3.09 6.95% |
Advance Auto is presently reporting on over 110 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as Dividend Yield of 0.0358, PTB Ratio of 4.85 or Days Sales Outstanding of 12.66 will help investors to properly organize and evaluate Advance Auto Parts financial condition quickly.
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About Advance Financial Ratios Analysis
Advance Auto PartsFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Advance Auto investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Advance financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Advance Auto history.
Advance Auto Financial Ratios Chart
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Price To Sales Ratio
Price to Sales Ratio is figured by comparing Advance Auto Parts stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Advance Auto sales, a figure that is much harder to manipulate than other Advance Auto Parts multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.Dividend Yield
Dividend Yield is Advance Auto Parts dividend as a percentage of Advance Auto stock price. Advance Auto Parts dividend yield is a measure of Advance Auto stock productivity, which can be interpreted as interest rate earned on an Advance Auto investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.Ptb Ratio
Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.Stock Based Compensation To Revenue
A metric that compares the total value of stock-based compensation granted by a company to its total revenue, indicating how much of the revenue is used to compensate employees with stock options or awards.Most ratios from Advance Auto's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Advance Auto Parts current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Advance Auto Parts. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. At this time, Advance Auto's Net Income Per Share is relatively stable compared to the past year. As of 11/30/2024, Payables Turnover is likely to grow to 2.64, while Stock Based Compensation To Revenue is likely to drop 0.
| 2016 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.001426 | 0.0379 | 0.0341 | 0.0358 | Price To Sales Ratio | 1.3 | 0.8 | 0.72 | 0.7 |
Advance Auto fundamentals Correlations
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Advance Auto Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Advance Auto
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Advance Auto position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Advance Auto will appreciate offsetting losses from the drop in the long position's value.Moving against Advance Stock
The ability to find closely correlated positions to Advance Auto could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Advance Auto when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Advance Auto - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Advance Auto Parts to buy it.
The correlation of Advance Auto is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Advance Auto moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Advance Auto Parts moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Advance Auto can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Advance Stock Analysis
When running Advance Auto's price analysis, check to measure Advance Auto'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 Advance Auto is operating at the current time. Most of Advance Auto's value examination focuses on studying past and present price action to predict the probability of Advance Auto's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Advance Auto's price. Additionally, you may evaluate how the addition of Advance Auto to your portfolios can decrease your overall portfolio volatility.