Emcor Group Stock Beta
| EME Stock | USD 354.02 4.67 1.34% |
EMCOR Group fundamentals help investors to digest information that contributes to EMCOR's financial success or failures. It also enables traders to predict the movement of EMCOR Stock. The fundamental analysis module provides a way to measure EMCOR's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to EMCOR stock.
EMCOR | Beta |
EMCOR Group Company Beta Analysis
EMCOR's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current EMCOR Beta | 1.08 |
Most of EMCOR's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, EMCOR Group is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
EMCOR Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for EMCOR is extremely important. It helps to project a fair market value of EMCOR Stock properly, considering its historical fundamentals such as Beta. Since EMCOR's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of EMCOR's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of EMCOR's interrelated accounts and indicators.
Click cells to compare fundamentals
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, EMCOR Group has a Beta of 1.082. This is 21.02% lower than that of the Construction & Engineering sector and about the same as Industrials (which currently averages 1.07) industry. The beta for all United States stocks is notably lower than that of the firm.
EMCOR Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses EMCOR's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of EMCOR could also be used in its relative valuation, which is a method of valuing EMCOR by comparing valuation metrics of similar companies.EMCOR is currently under evaluation in beta category among related companies.
EMCOR Institutional Holders
Institutional Holdings refers to the ownership stake in EMCOR that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of EMCOR's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing EMCOR's value.| Shares | Burgundy Asset Management Ltd | 2023-12-31 | 679.9 K | Lord, Abbett & Co Llc | 2023-12-31 | 663.6 K | Congress Asset Management Company, Llp | 2023-12-31 | 624.5 K | Wells Fargo & Co | 2023-12-31 | 592.6 K | Bank Of New York Mellon Corp | 2023-12-31 | 573.6 K | Goldman Sachs Group Inc | 2023-12-31 | 453.9 K | Timessquare Capital Management, Llc | 2023-12-31 | 426.1 K | Northern Trust Corp | 2023-12-31 | 420.9 K | Aqr Capital Management Llc | 2023-12-31 | 388.8 K | Blackrock Inc | 2023-12-31 | 5.4 M | Vanguard Group Inc | 2023-12-31 | 4.9 M |
EMCOR returns are very sensitive to returns on the market. As the market goes up or down, EMCOR is expected to follow.
EMCOR Fundamentals
| Return On Equity | 0.31 | ||||
| Return On Asset | 0.0996 | ||||
| Profit Margin | 0.05 % | ||||
| Operating Margin | 0.08 % | ||||
| Current Valuation | 16.14 B | ||||
| Shares Outstanding | 47 M | ||||
| Shares Owned By Insiders | 1.47 % | ||||
| Shares Owned By Institutions | 94.70 % | ||||
| Number Of Shares Shorted | 404.59 K | ||||
| Price To Earning | 59.08 X | ||||
| Price To Book | 6.71 X | ||||
| Price To Sales | 1.32 X | ||||
| Revenue | 12.58 B | ||||
| Gross Profit | 1.6 B | ||||
| EBITDA | 997.07 M | ||||
| Net Income | 632.99 M | ||||
| Cash And Equivalents | 456.44 M | ||||
| Cash Per Share | 5.32 X | ||||
| Total Debt | 339.97 M | ||||
| Debt To Equity | 0.28 % | ||||
| Current Ratio | 1.30 X | ||||
| Book Value Per Share | 55.63 X | ||||
| Cash Flow From Operations | 899.65 M | ||||
| Short Ratio | 1.01 X | ||||
| Earnings Per Share | 15.15 X | ||||
| Price To Earnings To Growth | 1.32 X | ||||
| Target Price | 380.0 | ||||
| Number Of Employees | 38.3 K | ||||
| Beta | 1.08 | ||||
| Market Capitalization | 16.66 B | ||||
| Total Asset | 6.61 B | ||||
| Retained Earnings | 3.81 B | ||||
| Working Capital | 928.62 M | ||||
| Current Asset | 2.07 B | ||||
| Current Liabilities | 1.41 B | ||||
| Annual Yield | 0 % | ||||
| Five Year Return | 0.42 % | ||||
| Net Asset | 6.61 B | ||||
| Last Dividend Paid | 0.75 |
About EMCOR Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze EMCOR Group's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of EMCOR using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of EMCOR Group based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with EMCOR
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 EMCOR 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 EMCOR will appreciate offsetting losses from the drop in the long position's value.Moving together with EMCOR Stock
| 0.71 | J | Jacobs Solutions Financial Report 14th of May 2024 | PairCorr |
| 0.96 | DY | Dycom Industries Financial Report 22nd of May 2024 | PairCorr |
Moving against EMCOR Stock
| 0.87 | VATE | Innovate Corp | PairCorr |
The ability to find closely correlated positions to EMCOR could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EMCOR 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 EMCOR - 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 EMCOR Group to buy it.
The correlation of EMCOR 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 EMCOR moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EMCOR Group 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 EMCOR 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 EMCOR Piotroski F Score and EMCOR Altman Z Score analysis. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Complementary Tools for EMCOR Stock analysis
When running EMCOR's price analysis, check to measure EMCOR's 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 EMCOR is operating at the current time. Most of EMCOR's value examination focuses on studying past and present price action to predict the probability of EMCOR's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EMCOR's price. Additionally, you may evaluate how the addition of EMCOR to your portfolios can decrease your overall portfolio volatility.
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
| Content Syndication Quickly integrate customizable finance content to your own investment portal | |
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Money Managers Screen money managers from public funds and ETFs managed around the world | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device |
Is EMCOR's 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 EMCOR. If investors know EMCOR 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 EMCOR 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 0.797 | Dividend Share 0.75 | Earnings Share 15.15 | Revenue Per Share 278.131 | Quarterly Revenue Growth 0.187 |
The market value of EMCOR Group is measured differently than its book value, which is the value of EMCOR that is recorded on the company's balance sheet. Investors also form their own opinion of EMCOR's value that differs from its market value or its book value, called intrinsic value, which is EMCOR's 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 EMCOR's market value can be influenced by many factors that don't directly affect EMCOR's 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 EMCOR's value and its price as these two are different measures arrived at by different means. Investors typically determine if EMCOR is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EMCOR's 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.