Quanta Services Stock Market Value
| PWR Stock | USD 243.26 2.42 0.99% |
| Symbol | Quanta |
Quanta Services Price To Book Ratio
Is Quanta Services' 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 Quanta Services. If investors know Quanta 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 Quanta Services 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 0.281 | Dividend Share 0.33 | Earnings Share 5.01 | Revenue Per Share 143.795 | Quarterly Revenue Growth 0.31 |
The market value of Quanta Services is measured differently than its book value, which is the value of Quanta that is recorded on the company's balance sheet. Investors also form their own opinion of Quanta Services' value that differs from its market value or its book value, called intrinsic value, which is Quanta Services' 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 Quanta Services' market value can be influenced by many factors that don't directly affect Quanta Services' 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 Quanta Services' value and its price as these two are different measures arrived at by different means. Investors typically determine if Quanta Services is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Quanta Services' 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.
Quanta Services '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 Quanta Services' 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 Quanta Services.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Quanta Services on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Quanta Services or generate 0.0% return on investment in Quanta Services over 30 days. Quanta Services is related to or competes with Topbuild Corp, and Matrix Service. Quanta Services, Inc. provides specialty contracting services worldwide More
Quanta Services 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 Quanta Services' 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 Quanta Services upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.39 | |||
| Information Ratio | 0.1352 | |||
| Maximum Drawdown | 12.55 | |||
| Value At Risk | (2.23) | |||
| Potential Upside | 2.72 |
Quanta Services Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Quanta Services' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Quanta Services' standard deviation. In reality, there are many statistical measures that can use Quanta Services historical prices to predict the future Quanta Services' volatility.| Risk Adjusted Performance | 0.1131 | |||
| Jensen Alpha | 0.2063 | |||
| Total Risk Alpha | 0.1333 | |||
| Sortino Ratio | 0.1804 | |||
| Treynor Ratio | 0.1766 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Quanta Services' 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.
Quanta Services Backtested Returns
Quanta Services appears to be very steady, given 3 months investment horizon. Quanta Services maintains Sharpe Ratio (i.e., Efficiency) of 0.17, which implies the firm had a 0.17% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Quanta Services, which you can use to evaluate the volatility of the company. Please evaluate Quanta Services' Semi Deviation of 1.08, risk adjusted performance of 0.1131, and Coefficient Of Variation of 580.43 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Quanta Services holds a performance score of 13. The company holds a Beta of 1.75, which implies 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, Quanta Services will likely underperform. Please check Quanta Services' potential upside, and the relationship between the jensen alpha and accumulation distribution , to make a quick decision on whether Quanta Services' historical price patterns will revert.
Auto-correlation | -0.47 |
Modest reverse predictability
Quanta Services has modest reverse predictability. Overlapping area represents the amount of predictability between Quanta Services time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th of April 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 Quanta Services price movement. The serial correlation of -0.47 indicates that about 47.0% of current Quanta Services price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.47 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 34.45 |
Quanta Services lagged returns against current returns
Autocorrelation, which is Quanta Services 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 Quanta Services' stock expected returns. We can calculate the autocorrelation of Quanta Services returns to help us make a trade decision. For example, suppose you find that Quanta Services 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 |
Quanta Services 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 Quanta Services stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Quanta Services stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Quanta Services stock over time.
Current vs Lagged Prices |
| Timeline |
Quanta Services Lagged Returns
When evaluating Quanta Services' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Quanta Services stock have on its future price. Quanta Services 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, Quanta Services autocorrelation shows the relationship between Quanta Services stock current value and its past values and can show if there is a momentum factor associated with investing in Quanta Services.
Regressed Prices |
| Timeline |
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Check out Quanta Services Correlation, Quanta Services Volatility and Quanta Services Alpha and Beta module to complement your research on Quanta Services. To learn how to invest in Quanta Stock, please use our How to Invest in Quanta Services guide.You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Complementary Tools for Quanta Stock analysis
When running Quanta Services' price analysis, check to measure Quanta Services' 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 Quanta Services is operating at the current time. Most of Quanta Services' value examination focuses on studying past and present price action to predict the probability of Quanta Services' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Quanta Services' price. Additionally, you may evaluate how the addition of Quanta Services to your portfolios can decrease your overall portfolio volatility.
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Quanta Services 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.