MYR Group Inc. to Attend Stephens Annual Investment Conference in November

MYRG Stock  USD 157.90  0.13  0.08%   
Roughly 62% of all MYR's stockholders are looking to take a long position. The current sentiment regarding investing in MYR Group stock implies that some traders are interested. The current market sentiment, together with MYR's historical and current headlines, can help investors time the market. In addition, many technical investors use MYR Group stock news signals to limit their universe of possible portfolio assets.
  
THORNTON, Colo., Oct. 23, 2024 -- MYR Group Inc. , a holding company of leading specialty contractors...

Read at globenewswire.com
Macroaxis News: globenewswire.com
  

MYR Group Current Investor Sentiment

Panic Vs Confidence

62

 
Panic
 
Confidence
Today, several news technology companies offer sentiment data to assist traders in manufacturing news sentiment indicators for investment decisions. We partner with these technology firms in helping retail investors build forecasting models that use MYR's input sentiment indicators derived from textual data and news published on major financial information outlets and social sites. These indicators can be used to analyze time-dependent numerical information representing public perception toward MYR Group.

MYR Investor Sentiment by Other News Outlets

Investor sentiment, mood or attitude towards MYR can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.

MYR Group Historical Investor Sentiment

Investor biases related to MYR's public news can be used to forecast risks associated with an investment in MYR. The trend in average sentiment can be used to explain how an investor holding MYR can time the market purely based on public headlines and social activities around MYR Group. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
MYR's 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 MYR and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average MYR news discussions. The higher the estimate score, the more favorable the investor's outlook on MYR.

MYR Fundamental Analysis

We analyze MYR's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of MYR using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of MYR 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.

Net Asset

Net Asset Comparative Analysis

MYR is currently under evaluation in net asset category among its peers. Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.

MYR Group Potential Pair-trading

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with MYR stock to make a market-neutral strategy. Peer analysis of MYR could also be used in its relative valuation, which is a method of valuing MYR by comparing valuation metrics with similar companies.

Peers

MYR Related Equities

FIXComfort Systems   1.36   
0%
100.0%
GVAGranite Construction   0.69   
0%
50.0%
PRIMPrimoris Services   0.65   
0%
47.0%
APGApi Group   0.61   
0%
44.0%
ROADConstruction Partners   0.46   
0%
33.0%
EMEEMCOR   0.43   
0%
31.0%
DYDycom Industries   0.27   
0%
19.0%
BLDTopbuild Corp   0.16   
0%
11.0%
TPCTutor Perini   0.26   
19.0%
0%
MTRXMatrix Service   0.30   
22.0%
0%
MTZMasTec   0.34   
25.0%
0%
STRLSterling Construction   0.49   
36.0%
0%

Complementary Tools for MYR Stock analysis

When running MYR's price analysis, check to measure MYR'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 MYR is operating at the current time. Most of MYR's value examination focuses on studying past and present price action to predict the probability of MYR's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MYR's price. Additionally, you may evaluate how the addition of MYR to your portfolios can decrease your overall portfolio volatility.
CEOs Directory
Screen CEOs from public companies around the world
Instant Ratings
Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance
Portfolio File Import
Quickly import all of your third-party portfolios from your local drive in csv format
Options Analysis
Analyze and evaluate options and option chains as a potential hedge for your portfolios
Commodity Directory
Find actively traded commodities issued by global exchanges
Latest Portfolios
Quick portfolio dashboard that showcases your latest portfolios
Watchlist Optimization
Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm