Concrete Pumping Holdings Stock Market Value
| BBCP Stock | USD 6.58 0.58 9.67% |
| Symbol | Concrete |
Concrete Pumping Holdings Price To Book Ratio
Is Construction & Engineering space 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 Concrete Pumping. If investors know Concrete 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 Concrete Pumping 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 (0.27) | Earnings Share 0.26 | Revenue Per Share 8.137 | Quarterly Revenue Growth (0.09) | Return On Assets 0.0362 |
The market value of Concrete Pumping Holdings is measured differently than its book value, which is the value of Concrete that is recorded on the company's balance sheet. Investors also form their own opinion of Concrete Pumping's value that differs from its market value or its book value, called intrinsic value, which is Concrete Pumping'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 Concrete Pumping's market value can be influenced by many factors that don't directly affect Concrete Pumping'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 Concrete Pumping's value and its price as these two are different measures arrived at by different means. Investors typically determine if Concrete Pumping is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Concrete Pumping'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.
Concrete Pumping '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 Concrete Pumping's 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 Concrete Pumping.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Concrete Pumping on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Concrete Pumping Holdings or generate 0.0% return on investment in Concrete Pumping over 30 days. Concrete Pumping is related to or competes with ACS Actividades, ACS Actividades, Badger Infrastructure, MYR, Limbach Holdings, IES Holdings, and Granite Construction. Concrete Pumping Holdings, Inc. provides concrete pumping and waste management services in the United States and the Uni... More
Concrete Pumping 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 Concrete Pumping's 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 Concrete Pumping Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 14.96 | |||
| Value At Risk | (5.01) | |||
| Potential Upside | 4.46 |
Concrete Pumping Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Concrete Pumping's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Concrete Pumping's standard deviation. In reality, there are many statistical measures that can use Concrete Pumping historical prices to predict the future Concrete Pumping's volatility.| Risk Adjusted Performance | 0.0061 | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.44) | |||
| Treynor Ratio | (0.01) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Concrete Pumping's 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.
Concrete Pumping Holdings Backtested Returns
Currently, Concrete Pumping Holdings is somewhat reliable. Concrete Pumping Holdings secures Sharpe Ratio (or Efficiency) of 0.0261, which signifies that the company had a 0.0261% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Concrete Pumping Holdings, which you can use to evaluate the volatility of the firm. Please confirm Concrete Pumping's Standard Deviation of 2.69, risk adjusted performance of 0.0061, and Mean Deviation of 1.93 to double-check if the risk estimate we provide is consistent with the expected return of 0.0759%. Concrete Pumping has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.78, which signifies 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, Concrete Pumping will likely underperform. Concrete Pumping Holdings right now shows a risk of 2.91%. Please confirm Concrete Pumping Holdings maximum drawdown, as well as the relationship between the accumulation distribution and day typical price , to decide if Concrete Pumping Holdings will be following its price patterns.
Auto-correlation | 0.10 |
Insignificant predictability
Concrete Pumping Holdings has insignificant predictability. Overlapping area represents the amount of predictability between Concrete Pumping time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th of November 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 Concrete Pumping Holdings price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Concrete Pumping price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Concrete Pumping Holdings lagged returns against current returns
Autocorrelation, which is Concrete Pumping 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 Concrete Pumping's stock expected returns. We can calculate the autocorrelation of Concrete Pumping returns to help us make a trade decision. For example, suppose you find that Concrete Pumping 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 |
Concrete Pumping 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 Concrete Pumping stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Concrete Pumping stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Concrete Pumping stock over time.
Current vs Lagged Prices |
| Timeline |
Concrete Pumping Lagged Returns
When evaluating Concrete Pumping's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Concrete Pumping stock have on its future price. Concrete Pumping 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, Concrete Pumping autocorrelation shows the relationship between Concrete Pumping stock current value and its past values and can show if there is a momentum factor associated with investing in Concrete Pumping Holdings.
Regressed Prices |
| Timeline |
Pair Trading with Concrete Pumping
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 Concrete Pumping 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 Concrete Pumping will appreciate offsetting losses from the drop in the long position's value.Moving against Concrete Stock
| 0.48 | PGHL | Primega Group Holdings | PairCorr |
| 0.37 | AGX | Argan Inc | PairCorr |
| 0.34 | WLGS | Wang Lee Group, Trending | PairCorr |
| 0.34 | JUNE | Junee Limited Ordinary | PairCorr |
The ability to find closely correlated positions to Concrete Pumping could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Concrete Pumping 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 Concrete Pumping - 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 Concrete Pumping Holdings to buy it.
The correlation of Concrete Pumping 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 Concrete Pumping moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Concrete Pumping Holdings 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 Concrete Pumping 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.Additional Tools for Concrete Stock Analysis
When running Concrete Pumping's price analysis, check to measure Concrete Pumping'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 Concrete Pumping is operating at the current time. Most of Concrete Pumping's value examination focuses on studying past and present price action to predict the probability of Concrete Pumping's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Concrete Pumping's price. Additionally, you may evaluate how the addition of Concrete Pumping to your portfolios can decrease your overall portfolio volatility.