Construction Partners Stock Market Value
| ROAD Stock | USD 77.58 0.85 1.08% |
| Symbol | Construction |
Construction Partners 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 Construction Partners. If investors know Construction 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 Construction Partners 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 0.439 | Earnings Share 1.06 | Revenue Per Share | Quarterly Revenue Growth 0.416 | Return On Assets |
The market value of Construction Partners is measured differently than its book value, which is the value of Construction that is recorded on the company's balance sheet. Investors also form their own opinion of Construction Partners' value that differs from its market value or its book value, called intrinsic value, which is Construction Partners' 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 Construction Partners' market value can be influenced by many factors that don't directly affect Construction Partners' 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 Construction Partners' value and its price as these two are different measures arrived at by different means. Investors typically determine if Construction Partners is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Construction Partners' 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.
Construction Partners '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 Construction Partners' 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 Construction Partners.
| 01/17/2025 |
| 02/16/2025 |
If you would invest 0.00 in Construction Partners on January 17, 2025 and sell it all today you would earn a total of 0.00 from holding Construction Partners or generate 0.0% return on investment in Construction Partners over 30 days. Construction Partners is related to or competes with MYR, Granite Construction, Tutor Perini, Sterling Construction, EMCOR, Comfort Systems, and Primoris Services. Construction Partners, Inc., a civil infrastructure company, engages in the construction and maintenance of roadways acr... More
Construction Partners 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 Construction Partners' 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 Construction Partners upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 17.06 | |||
| Value At Risk | (5.81) | |||
| Potential Upside | 4.28 |
Construction Partners Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Construction Partners' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Construction Partners' standard deviation. In reality, there are many statistical measures that can use Construction Partners historical prices to predict the future Construction Partners' volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | (0.65) |
Construction Partners Backtested Returns
Construction Partners secures Sharpe Ratio (or Efficiency) of -0.0703, which signifies that the company had a -0.0703 % return per unit of risk over the last 3 months. Construction Partners exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Construction Partners' Mean Deviation of 2.05, risk adjusted performance of (0.06), and Standard Deviation of 2.83 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.41, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Construction Partners' returns are expected to increase less than the market. However, during the bear market, the loss of holding Construction Partners is expected to be smaller as well. At this point, Construction Partners has a negative expected return of -0.2%. Please make sure to confirm Construction Partners' accumulation distribution, and the relationship between the potential upside and day median price , to decide if Construction Partners performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.21 |
Weak predictability
Construction Partners has weak predictability. Overlapping area represents the amount of predictability between Construction Partners time series from 17th of January 2025 to 1st of February 2025 and 1st of February 2025 to 16th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Construction Partners price movement. The serial correlation of 0.21 indicates that over 21.0% of current Construction Partners price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 7.1 |
Construction Partners lagged returns against current returns
Autocorrelation, which is Construction Partners 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 Construction Partners' stock expected returns. We can calculate the autocorrelation of Construction Partners returns to help us make a trade decision. For example, suppose you find that Construction Partners 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 |
Construction Partners 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 Construction Partners stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Construction Partners stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Construction Partners stock over time.
Current vs Lagged Prices |
| Timeline |
Construction Partners Lagged Returns
When evaluating Construction Partners' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Construction Partners stock have on its future price. Construction Partners 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, Construction Partners autocorrelation shows the relationship between Construction Partners stock current value and its past values and can show if there is a momentum factor associated with investing in Construction Partners.
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 Construction Partners is a strong investment it is important to analyze Construction Partners' 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 Construction Partners' future performance. For an informed investment choice regarding Construction Stock, refer to the following important reports:Check out Construction Partners Correlation, Construction Partners Volatility and Construction Partners Alpha and Beta module to complement your research on Construction Partners. For information on how to trade Construction Stock refer to our How to Trade Construction Stock guide.You can also try the Stocks Directory module to find actively traded stocks across global markets.
Construction Partners 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.