Advance Competitors

AAP Stock  USD 85.09  0.23  0.27%   
Advance Auto Parts competes with Hanover Foods, SNDL, Bridgford Foods, National Vision, and Albertsons Companies; as well as few others. The company runs under Specialty Retail sector within Consumer Discretionary industry. Analyzing Advance Auto competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Advance Auto to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Advance Auto Correlation with its peers.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Advance Auto competition on your existing holdings.
  
At this time, Advance Auto's Return On Capital Employed is relatively stable compared to the past year. As of 03/29/2024, Return On Assets is likely to grow to 0.04, while Return On Equity is likely to drop 0.14. At this time, Advance Auto's Total Assets are relatively stable compared to the past year. As of 03/29/2024, Non Current Assets Total is likely to grow to about 7 B, though Non Currrent Assets Other are likely to grow to (136.7 M).
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Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Advance Auto's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
82.9985.0987.19
Details
Intrinsic
Valuation
LowRealHigh
76.5893.4895.58
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Naive
Forecast
LowNextHigh
77.6179.7281.82
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30 Analysts
Consensus
LowTargetHigh
62.4468.6176.16
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Advance Auto. Your research has to be compared to or analyzed against Advance Auto's peers to derive any actionable benefits. When done correctly, Advance Auto's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Advance Auto Parts.

Advance Auto Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Advance Auto and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Advance and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Advance Auto Parts does not affect the price movement of the other competitor.
HNFSB
SNDL
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HNFSB
-0.03-0.460.68-0.750.0-0.67
HNFSB
SNDL
-0.030.60.080.350.00.46
SNDL
BRID
-0.460.6-0.330.620.00.61
BRID
EYE
0.680.08-0.33-0.530.0-0.34
EYE
ACI
-0.750.350.62-0.530.00.57
ACI
SIGRF
0.00.00.00.00.00.0
SIGRF
TBBB
-0.670.460.61-0.340.570.0
TBBB
HNFSB
SNDL
BRID
EYE
ACI
SIGRF
TBBB
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
EYEHNFSB
ACIBRID
TBBBBRID
BRIDSNDL
TBBBACI
TBBBSNDL
  
High negative correlations   
ACIHNFSB
TBBBHNFSB
ACIEYE
BRIDHNFSB
TBBBEYE
EYEBRID

Risk-Adjusted Indicators

There is a big difference between Advance Stock performing well and Advance Auto Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Advance Auto's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Cross Equities Net Income Analysis

Compare Advance Auto Parts and related stocks such as Hanover Foods, SNDL Inc, and Bridgford Foods Net Income Over Time
Select Fundamental
201020112012201320142015201620172018201920202021202220232024
SNDL(1.5 M)(1.5 M)(1.5 M)(1.5 M)(1.5 M)(1.5 M)(1.5 M)(13 M)(3 M)(271.6 M)(255.9 M)(230.2 M)(372.4 M)(172.7 M)(181.3 M)
BRID200 K3.7 M2.9 M(4.3 M)15.4 M7.8 M8.8 M6.5 M6.5 M7.3 M(5.5 M)45.1 M3.5 MM5.2 M
EYE(23.9 M)(23.9 M)(23.9 M)(23.9 M)(23.9 M)3.6 M14.8 M45.8 M23.7 M32.8 M36.3 M128.2 M42.1 M(65.9 M)(62.6 M)
ACI79 M79 M79 M1.7 B(1.2 B)(373.3 M)(373.3 M)46.3 M131.1 M850.2 M850.2 M1.6 B1.5 BB1.1 B
TBBB(769.7 M)(769.7 M)(769.7 M)(769.7 M)(769.7 M)(769.7 M)(769.7 M)(769.7 M)(769.7 M)(769.7 M)(816.7 M)(565.1 M)(565.1 M)(649.9 M)(682.4 M)

Advance Auto Parts and related stocks such as Hanover Foods, SNDL Inc, and Bridgford Foods Net Income description

Net income is one of the most important fundamental items in finance. It plays a large role in Advance Auto Parts financial statement analysis. It represents the amount of money remaining after all of Advance Auto Parts operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Advance Auto Competitive Analysis

The better you understand Advance Auto competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Advance Auto's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Advance Auto's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
AAPHNFSBSNDLBRIDEYEACISIGRFTBBB
 0.27 
 85.09 
Advance
 0.00 
 61.72 
Hanover
 7.80 
 2.01 
SNDL
 0.27 
 11.26 
Bridgford
 0.91 
 22.16 
National
 0.14 
 21.44 
Albertsons
 0.00 
 17.87 
Sligro
 2.94 
 23.78 
BBB
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Advance Auto Competition Performance Charts

Five steps to successful analysis of Advance Auto Competition

Advance Auto's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Advance Auto Parts in relation to its competition. Advance Auto's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Advance Auto in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Advance Auto's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Advance Auto Parts, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

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When determining whether Advance Auto Parts is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Advance Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Advance Auto Parts Stock. Highlighted below are key reports to facilitate an investment decision about Advance Auto Parts Stock:
Check out Advance Auto Correlation with its peers.
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 Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.

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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.