Quanta Services Stock Market Value
| PWR Stock | USD 342.92 1.00 0.29% |
| Symbol | Quanta |
Quanta Services 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 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 0.066 | Dividend Share 0.36 | Earnings Share 5.4 | Revenue Per Share 156.483 | Quarterly Revenue Growth 0.155 |
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.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Quanta Services on October 27, 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 MYR, Dycom Industries, EMCOR, Comfort Systems, Aecom Technology, KBR, and Fluor. 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 | 1.67 | |||
| Information Ratio | 0.1426 | |||
| Maximum Drawdown | 9.7 | |||
| Value At Risk | (1.75) | |||
| Potential Upside | 3.23 |
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 | 0.1708 | |||
| Jensen Alpha | 0.2455 | |||
| Total Risk Alpha | 0.0939 | |||
| Sortino Ratio | 0.1537 | |||
| Treynor Ratio | 0.3459 |
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 0.23, which implies the firm had a 0.23% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Quanta Services, which you can use to evaluate the volatility of the company. Please evaluate Quanta Services' Semi Deviation of 1.34, risk adjusted performance of 0.1708, and Coefficient Of Variation of 464.52 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 17. The company holds a Beta of 1.09, which implies a somewhat significant risk relative to the market. Quanta Services returns are very sensitive to returns on the market. As the market goes up or down, Quanta Services is expected to follow. 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 | 0.93 |
Excellent predictability
Quanta Services has excellent predictability. Overlapping area represents the amount of predictability between Quanta Services 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 Quanta Services price movement. The serial correlation of 0.93 indicates that approximately 93.0% of current Quanta Services price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.93 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 44.51 |
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 |
Pair Trading with Quanta Services
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 Quanta Services 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 Quanta Services will appreciate offsetting losses from the drop in the long position's value.Moving together with Quanta Stock
| 0.86 | J | Jacobs Solutions | PairCorr |
| 0.7 | ESOA | Energy Services Fiscal Year End 16th of December 2024 | PairCorr |
The ability to find closely correlated positions to Quanta Services could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Quanta Services 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 Quanta Services - 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 Quanta Services to buy it.
The correlation of Quanta Services 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 Quanta Services moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Quanta Services 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 Quanta Services 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 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.