Emcor Group Stock Market Value
| EME Stock | USD 526.95 11.13 2.16% |
| Symbol | EMCOR |
EMCOR Group 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 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 0.625 | Dividend Share 0.93 | Earnings Share 19.69 | Revenue Per Share 303.552 | Quarterly Revenue Growth 0.153 |
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.
EMCOR '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 EMCOR'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 EMCOR.
| 11/28/2023 |
| 11/22/2024 |
If you would invest 0.00 in EMCOR on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding EMCOR Group or generate 0.0% return on investment in EMCOR over 360 days. EMCOR is related to or competes with Jacobs Solutions, Dycom Industries, Innovate Corp, Energy Services, Exponent, Willdan, and Wang Lee. EMCOR Group, Inc. provides electrical and mechanical construction, and facilities services primarily in the United State... More
EMCOR 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 EMCOR'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 EMCOR Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.23 | |||
| Information Ratio | 0.2199 | |||
| Maximum Drawdown | 11.32 | |||
| Value At Risk | (1.64) | |||
| Potential Upside | 3.31 |
EMCOR Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EMCOR's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EMCOR's standard deviation. In reality, there are many statistical measures that can use EMCOR historical prices to predict the future EMCOR's volatility.| Risk Adjusted Performance | 0.2078 | |||
| Jensen Alpha | 0.3908 | |||
| Total Risk Alpha | 0.2992 | |||
| Sortino Ratio | 0.1979 | |||
| Treynor Ratio | 0.3309 |
EMCOR Group Backtested Returns
EMCOR appears to be very steady, given 3 months investment horizon. EMCOR Group retains Efficiency (Sharpe Ratio) of 0.27, which denotes the company had a 0.27% return per unit of risk over the last 3 months. By reviewing EMCOR's technical indicators, you can evaluate if the expected return of 0.55% is justified by implied risk. Please utilize EMCOR's Market Risk Adjusted Performance of 0.3409, downside deviation of 2.23, and Coefficient Of Variation of 373.87 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, EMCOR holds a performance score of 21. The firm owns a Beta (Systematic Risk) of 1.59, 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, EMCOR will likely underperform. Please check EMCOR's treynor ratio, expected short fall, and the relationship between the jensen alpha and potential upside , to make a quick decision on whether EMCOR's current price history will revert.
Auto-correlation | 0.81 |
Very good predictability
EMCOR Group has very good predictability. Overlapping area represents the amount of predictability between EMCOR time series from 28th of November 2023 to 26th of May 2024 and 26th of May 2024 to 22nd 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 EMCOR Group price movement. The serial correlation of 0.81 indicates that around 81.0% of current EMCOR price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 2243.37 |
EMCOR Group lagged returns against current returns
Autocorrelation, which is EMCOR 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 EMCOR's stock expected returns. We can calculate the autocorrelation of EMCOR returns to help us make a trade decision. For example, suppose you find that EMCOR 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 |
EMCOR 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 EMCOR stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EMCOR stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EMCOR stock over time.
Current vs Lagged Prices |
| Timeline |
EMCOR Lagged Returns
When evaluating EMCOR's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EMCOR stock have on its future price. EMCOR 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, EMCOR autocorrelation shows the relationship between EMCOR stock current value and its past values and can show if there is a momentum factor associated with investing in EMCOR Group.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether EMCOR Group is a strong investment it is important to analyze EMCOR's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact EMCOR's future performance. For an informed investment choice regarding EMCOR Stock, refer to the following important reports:Check out EMCOR Correlation, EMCOR Volatility and EMCOR Alpha and Beta module to complement your research on EMCOR. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
EMCOR 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.