Dycom Industries Stock Market Value
DY Stock | USD 143.53 0.12 0.08% |
Symbol | Dycom |
Dycom Industries Price To Book Ratio
Is Dycom Industries' 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 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 (0.05) | Earnings Share 7.37 | Revenue Per Share 142.35 | Quarterly Revenue Growth 0.038 | Return On Assets 0.0836 |
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.
02/28/2024 |
| 03/29/2024 |
If you would invest 0.00 in Dycom Industries on February 28, 2024 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 Innovate Corp, Exponent, Willdan, Arcosa, Topbuild Corp, and Cisco Systems. 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.
Downside Deviation | 1.56 | |||
Information Ratio | 0.1337 | |||
Maximum Drawdown | 7.81 | |||
Value At Risk | (2.26) | |||
Potential Upside | 2.67 |
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 | 0.1275 | |||
Jensen Alpha | 0.142 | |||
Total Risk Alpha | (0.02) | |||
Sortino Ratio | 0.1374 | |||
Treynor Ratio | 0.2146 |
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 appears to be very steady, given 3 months investment horizon. Dycom Industries secures Sharpe Ratio (or Efficiency) of 0.25, which denotes the company had a 0.25% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Dycom Industries, which you can use to evaluate the volatility of the firm. Please utilize Dycom Industries' Mean Deviation of 1.24, semi deviation of 1.31, and Downside Deviation of 1.56 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Dycom Industries holds a performance score of 19. The firm shows a Beta (market volatility) of 1.58, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Dycom Industries will likely underperform. Please check Dycom Industries' maximum drawdown, and the relationship between the information ratio and expected short fall , to make a quick decision on whether Dycom Industries' price patterns will revert.
Auto-correlation | 0.59 |
Modest predictability
Dycom Industries has modest predictability. Overlapping area represents the amount of predictability between Dycom Industries time series from 28th of February 2024 to 14th of March 2024 and 14th of March 2024 to 29th of March 2024. 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 0.59 indicates that roughly 59.0% of current Dycom Industries price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.59 | |
Spearman Rank Test | 0.52 | |
Residual Average | 0.0 | |
Price Variance | 1.42 |
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 |
Dycom Industries Investors Sentiment
The influence of Dycom Industries' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Dycom. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Dycom Industries' public news can be used to forecast risks associated with an investment in Dycom. The trend in average sentiment can be used to explain how an investor holding Dycom can time the market purely based on public headlines and social activities around Dycom Industries. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Dycom Industries' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Dycom Industries' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Dycom Industries' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Dycom Industries.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Dycom Industries in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Dycom Industries' short interest history, or implied volatility extrapolated from Dycom Industries options trading.
Pair Trading with Dycom Industries
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 Dycom Industries 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 Dycom Industries will appreciate offsetting losses from the drop in the long position's value.Moving together with Dycom Stock
0.8 | J | Jacobs Solutions Financial Report 14th of May 2024 | PairCorr |
0.84 | MTRX | Matrix Service Financial Report 13th of May 2024 | PairCorr |
Moving against Dycom Stock
0.82 | VATE | Innovate Corp | PairCorr |
0.78 | NVEE | NV5 Global Financial Report 2nd of May 2024 | PairCorr |
0.72 | AGFY | AgrifyCorp Report 26th of November 2024 | PairCorr |
0.46 | GLFH | Galenfeha | PairCorr |
The ability to find closely correlated positions to Dycom Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dycom Industries 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 Dycom Industries - 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 Dycom Industries to buy it.
The correlation of Dycom Industries 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 Dycom Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dycom Industries 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 Dycom Industries 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 Dycom Industries Correlation, Dycom Industries Volatility and Dycom Industries Alpha and Beta module to complement your research on Dycom Industries. For more information on how to buy Dycom Stock please use our How to Invest in Dycom Industries guide.You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
Complementary 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.
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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.