Dycom Industries Stock Alpha and Beta Analysis

DY Stock  USD 143.53  0.12  0.08%   
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Dycom Industries. It also helps investors analyze the systematic and unsystematic risks associated with investing in Dycom Industries over a specified time horizon. Remember, high Dycom Industries' alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Dycom Industries' market risk premium analysis include:
Beta
1.58
Alpha
0.14
Risk
1.63
Sharpe Ratio
0.25
Expected Return
0.41
Please note that although Dycom Industries alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., NYSE Composite index.) So in this particular case, Dycom Industries did 0.14  better than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of Dycom Industries stock's relative risk over its benchmark. Dycom Industries has a beta of 1.58  . As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Dycom Industries will likely underperform. Price Book Value Ratio is likely to drop to 0.85 in 2024. Enterprise Value Multiple is likely to drop to 4.54 in 2024.

Dycom Industries Quarterly Cash And Equivalents

83.38 Million

Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
  
Check out Dycom Industries Backtesting, Dycom Industries Valuation, Dycom Industries Correlation, Dycom Industries Hype Analysis, Dycom Industries Volatility, Dycom Industries History and analyze Dycom Industries Performance.
For more information on how to buy Dycom Stock please use our How to Invest in Dycom Industries guide.

Dycom Industries Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Dycom Industries market risk premium is the additional return an investor will receive from holding Dycom Industries long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Dycom Industries. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Dycom Industries' performance over market.
α0.14   β1.58

Dycom Industries expected buy-and-hold returns

Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Dycom Industries' Buy-and-hold return. Our buy-and-hold chart shows how Dycom Industries performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

Dycom Industries Market Price Analysis

Market price analysis indicators help investors to evaluate how Dycom Industries stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Dycom Industries shares will generate the highest return on investment. By understating and applying Dycom Industries stock market price indicators, traders can identify Dycom Industries position entry and exit signals to maximize returns.

Dycom Industries Return and Market Media

The median price of Dycom Industries for the period between Sat, Dec 30, 2023 and Fri, Mar 29, 2024 is 116.13 with a coefficient of variation of 9.59. The daily time series for the period is distributed with a sample standard deviation of 11.75, arithmetic mean of 122.6, and mean deviation of 10.32. The Stock received substential amount of media coverage during this period.
 Price Growth (%)  
       Timeline  
1
Dycom Industries, Inc. Announces Fiscal 2024 Fourth Quarter and Annual Results
02/28/2024
2
North American Construction Wins 5-Year Extension Deal
03/06/2024
3
VSE Q4 Earnings Outpace Estimates, Revenues Miss
03/07/2024
4
Dycom Industries Rating Increased to Buy at B. Riley
03/08/2024
5
Lennar to Report Q1 Earnings Whats in the Cards
03/12/2024
6
Heres Why Momentum in Dycom Industries Should Keep going
03/22/2024
7
Insider Trading
03/25/2024
8
Are Investors Undervaluing Dycom Industries Right Now
03/26/2024

About Dycom Industries Beta and Alpha

For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Dycom or other stocks. Alpha measures the amount that position in Dycom Industries has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
 2010 2020 2023 2024 (projected)
Price Earnings Ratio24.519.2760.2463.25
Short Term Coverage Ratios1.183.661.2K1.2K

Dycom Industries Upcoming Company Events

As portrayed in its financial statements, the presentation of Dycom Industries' financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Dycom Industries' leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Dycom Industries' public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Dycom Industries. Please utilize our Beneish M Score to check the likelihood of Dycom Industries' management manipulating its earnings.
6th of March 2024
Upcoming Quarterly Report
View
22nd of May 2024
Next Financial Report
View
31st of January 2024
Next Fiscal Quarter End
View
6th of March 2024
Next Fiscal Year End
View
31st of October 2023
Last Quarter Report
View
31st of January 2023
Last Financial Announcement
View

Build Portfolio with Dycom Industries

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By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
When determining whether Dycom Industries offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Dycom Industries' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Dycom Industries Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Dycom Industries Stock:

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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.
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Dycom Industries technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Dycom Industries technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Dycom Industries trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...