Advance Ebit Per Revenue from 2010 to 2024
| AAP Stock | USD 76.31 1.39 1.86% |
Ebit Per Revenue | First Reported 2010-12-31 | Previous Quarter 0.0576 | Current Value 0.0574 | Quarterly Volatility 0.01194986 |
Check Advance Auto financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Advance main balance sheet or income statement drivers, such as Depreciation And Amortization of 197.8 M, Interest Expense of 92.5 M or Selling General Administrative of 2.6 B, as well as many exotic indicators such as Price To Sales Ratio of 0.7, Dividend Yield of 0.0358 or PTB Ratio of 4.84. Advance financial statements analysis is a perfect complement when working with Advance Auto Valuation or Volatility modules.
Advance | Ebit Per Revenue |
Latest Advance Auto's Ebit Per Revenue Growth Pattern
Below is the plot of the Ebit Per Revenue of Advance Auto Parts over the last few years. It is Advance Auto's Ebit Per Revenue historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Advance Auto's overall financial position and show how it may be relating to other accounts over time.
| Ebit Per Revenue | 10 Years Trend |
|
Ebit Per Revenue |
| Timeline |
Advance Ebit Per Revenue Regression Statistics
| Arithmetic Mean | 0.08 | |
| Geometric Mean | 0.08 | |
| Coefficient Of Variation | 15.69 | |
| Mean Deviation | 0.01 | |
| Median | 0.08 | |
| Standard Deviation | 0.01 | |
| Sample Variance | 0.0001 | |
| Range | 0.0503 | |
| R-Value | (0.77) | |
| Mean Square Error | 0.000062 | |
| R-Squared | 0.59 | |
| Significance | 0.0008 | |
| Slope | (0) | |
| Total Sum of Squares | 0 |
Advance Ebit Per Revenue History
About Advance Auto Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Advance Auto income statement, its balance sheet, and the statement of cash flows. Advance Auto investors use historical funamental indicators, such as Advance Auto's Ebit Per Revenue, to determine how well the company is positioned to perform in the future. Although Advance Auto investors may use each financial statement separately, they are all related. The changes in Advance Auto's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Advance Auto's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Advance Auto Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Advance Auto. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Ebit Per Revenue | 0.06 | 0.06 |
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 together with Advance Stock
| 0.75 | W | Wayfair Upward Rally | PairCorr |
| 0.9 | DIBS | 1StdibsCom Earnings Call This Week | PairCorr |
| 0.84 | AN | AutoNation | PairCorr |
Moving against Advance Stock
| 0.7 | WINA | Winmark | PairCorr |
| 0.7 | FNKO | Funko Inc Earnings Call This Week | PairCorr |
| 0.65 | BQ | Boqii Holding Limited | PairCorr |
| 0.64 | FL | Foot Locker Financial Report 17th of May 2024 | PairCorr |
| 0.61 | LL | LL Flooring Holdings Earnings Call This Week | PairCorr |
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.Check out the analysis of Advance Auto Correlation against competitors. 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 the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Complementary 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.
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Is Advance Auto'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 Advance Auto. If investors know Advance 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 Advance Auto 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 (0.40) | Dividend Share 2.25 | Earnings Share 0.5 | Revenue Per Share 189.925 | Quarterly Revenue Growth (0) |
The market value of Advance Auto Parts is measured differently than its book value, which is the value of Advance that is recorded on the company's balance sheet. Investors also form their own opinion of Advance Auto's value that differs from its market value or its book value, called intrinsic value, which is Advance Auto'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 Advance Auto's market value can be influenced by many factors that don't directly affect Advance Auto'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 Advance Auto's value and its price as these two are different measures arrived at by different means. Investors typically determine if Advance Auto is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Advance Auto'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.