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Asset Summary

Weekly Performance Report for AAP ETF: Week 47, 2024

Summary: The Weekly started with AAP ETF opening at $40.09 and closing at $38.63. The ETF showed weakness throughout the Weekly, with the highest price observed at $40.09 and the lowest at $37.96. The underlying asset had a trading range of $2.13 Overall, it was a negative trading Weekly for AAP ETF, reflecting investor pessimism and market activity.

Change in Closing Price: There was a net decrease of $-1.46 or -3.64% in the closing price from the opening to the closing price over the Weekly.

Volume Analysis: Trading volume for AAP ETF was 4,951,062 units during Week 47, indicating active market participation and investor interest.

Opening Price: The Weekly started at $40.09.

Highest Price: The highest price observed during the Weekly was $40.09.

Lowest Price: The lowest price observed during the Weekly was $37.96.

Closing Price: The Weekly ended at $38.63.

Asset Performance Metrics and Risk Characteristics:

Understanding asset performance is crucial for evaluating investment quality and making informed decisions. Metrics like trailing return and drawdown provide insights into how an asset has performed over time, its volatility, and the efficiency of its returns relative to risk. Performance indicators help assess the stability, risk, and reward of an investment, allowing investors and portfolio managers to make comparisons and strategize accordingly.

Asset Technical Analysis

Technical analysis involves evaluating an asset's price and volume data to forecast future movements and make informed trading decisions. By using various technical indicators and chart patterns, investors can gain insights into market trends, price momentum, and potential turning points. This section delves into essential technical metrics, including moving averages, pivot points, and other indicators that provide a snapshot of an asset's current technical stance. Analyzing these indicators helps investors identify entry and exit points, assess market sentiment, and refine their trading strategies. Explore the following technical analysis data to understand the asset's performance dynamics and make better-informed decisions.

Moving Averages

Moving Averages are commonly used to smooth out price data and identify trends over a specific period. Here’s a summary of the latest moving averages for various periods:

  • SMA (Simple Moving Average): Reflects the average price over a specific number of periods.
  • EMA (Exponential Moving Average): Gives more weight to recent prices, making it more responsive to new information.
  • WMA (Weighted Moving Average): Assigns a weight to each price, emphasizing more recent prices.
  • WEMA (Weighted Exponential Moving Average): Combines elements of both WMA and EMA for a more responsive moving average.

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Frequently Asked Questions

AAP offers a wide range of automotive products, including batteries, brakes, filters, oils, and various maintenance and repair accessories.

Yes, risks include market competition, changes in consumer preferences, and economic downturns that may affect consumer spending on automotive parts.

As of the latest update, AAP has a dividend yield of approximately 2.5%. The company has a history of returning value to shareholders through consistent dividend payments.

Historically, AAP has shown stable growth driven by demand for automotive parts and maintenance, as well as strategic initiatives to enhance its service offerings and expand market presence.

Investors can purchase shares of AAP through a brokerage account, as it is publicly traded on the New York Stock Exchange (NYSE) under the ticker symbol "AAP."

Similar companies include AutoZone, O’Reilly Automotive, and NAPA Auto Parts, which also operate in the automotive retail and service sector.

AAP typically releases earnings reports quarterly, providing updates on financial performance, strategic initiatives, and market conditions.

AAP can be compared to competitors like AutoZone and O’Reilly Automotive, focusing on metrics such as revenue growth, market share, and customer satisfaction levels.

Yes, AAP shares can be held in retirement accounts such as IRAs or 401(k)s, making it a viable investment option for long-term financial growth.

AAP is committed to excellent customer service, offering knowledgeable staff, online resources, and various support options for customers seeking automotive solutions.

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