Dycom Industries Stock Market Value
| DY Stock | USD 171.94 3.34 1.98% |
| Symbol | Dycom |
Dycom Industries Price To Book Ratio
Is Construction & Engineering space 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 Dycom Industries. If investors know Dycom 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 Dycom Industries 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 (0.16) | Earnings Share 7.6 | Revenue Per Share | Quarterly Revenue Growth 0.12 | Return On Assets |
The market value of Dycom Industries is measured differently than its book value, which is the value of Dycom that is recorded on the company's balance sheet. Investors also form their own opinion of Dycom Industries' value that differs from its market value or its book value, called intrinsic value, which is Dycom Industries' 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 Dycom Industries' market value can be influenced by many factors that don't directly affect Dycom Industries' 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 Dycom Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Dycom Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dycom Industries' 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.
Dycom Industries 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Dycom Industries' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Dycom Industries.
| 01/27/2025 |
| 02/26/2025 |
If you would invest 0.00 in Dycom Industries on January 27, 2025 and sell it all today you would earn a total of 0.00 from holding Dycom Industries or generate 0.0% return on investment in Dycom Industries over 30 days. Dycom Industries is related to or competes with EMCOR, MYR, Topbuild Corp, Api Group, Quanta Services, Comfort Systems, and Granite Construction. Dycom Industries, Inc. provides specialty contracting services in the United States More
Dycom Industries Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Dycom Industries' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Dycom Industries upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 16.49 | |||
| Value At Risk | (4.75) | |||
| Potential Upside | 3.78 |
Dycom Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dycom Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dycom Industries' standard deviation. In reality, there are many statistical measures that can use Dycom Industries historical prices to predict the future Dycom Industries' volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | (0.25) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Dycom Industries' 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.
Dycom Industries Backtested Returns
Dycom Industries secures Sharpe Ratio (or Efficiency) of -0.0246, which denotes the company had a -0.0246 % return per unit of standard deviation over the last 3 months. Dycom Industries exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Dycom Industries' Mean Deviation of 1.97, standard deviation of 2.88, and Coefficient Of Variation of (1,859) to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.67, which means possible diversification benefits within a given portfolio. As returns on the market increase, Dycom Industries' returns are expected to increase less than the market. However, during the bear market, the loss of holding Dycom Industries is expected to be smaller as well. At this point, Dycom Industries has a negative expected return of -0.0603%. Please make sure to confirm Dycom Industries' total risk alpha, as well as the relationship between the skewness and day median price , to decide if Dycom Industries performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.85 |
Excellent reverse predictability
Dycom Industries has excellent reverse predictability. Overlapping area represents the amount of predictability between Dycom Industries time series from 27th of January 2025 to 11th of February 2025 and 11th of February 2025 to 26th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Dycom Industries price movement. The serial correlation of -0.85 indicates that around 85.0% of current Dycom Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.85 | |
| Spearman Rank Test | -0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 68.38 |
Dycom Industries lagged returns against current returns
Autocorrelation, which is Dycom Industries stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Dycom Industries' stock expected returns. We can calculate the autocorrelation of Dycom Industries returns to help us make a trade decision. For example, suppose you find that Dycom Industries has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Dycom Industries regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Dycom Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dycom Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dycom Industries stock over time.
Current vs Lagged Prices |
| Timeline |
Dycom Industries Lagged Returns
When evaluating Dycom Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dycom Industries stock have on its future price. Dycom Industries autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Dycom Industries autocorrelation shows the relationship between Dycom Industries stock current value and its past values and can show if there is a momentum factor associated with investing in Dycom Industries.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Dycom Stock Analysis
When running Dycom Industries' price analysis, check to measure Dycom Industries' 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 Dycom Industries is operating at the current time. Most of Dycom Industries' value examination focuses on studying past and present price action to predict the probability of Dycom Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dycom Industries' price. Additionally, you may evaluate how the addition of Dycom Industries to your portfolios can decrease your overall portfolio volatility.