Sterling Construction Stock Market Value
| STRL Stock | USD 197.41 7.98 4.21% |
| Symbol | Sterling |
Sterling Construction 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 Sterling Construction. If investors know Sterling 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 Sterling Construction 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 0.563 | Earnings Share 5.9 | Revenue Per Share 68.14 | Quarterly Revenue Growth 0.06 | Return On Assets 0.0863 |
The market value of Sterling Construction is measured differently than its book value, which is the value of Sterling that is recorded on the company's balance sheet. Investors also form their own opinion of Sterling Construction's value that differs from its market value or its book value, called intrinsic value, which is Sterling Construction'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 Sterling Construction's market value can be influenced by many factors that don't directly affect Sterling Construction'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 Sterling Construction's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sterling Construction is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sterling Construction'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.
Sterling Construction '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 Sterling Construction'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 Sterling Construction.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Sterling Construction on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Sterling Construction or generate 0.0% return on investment in Sterling Construction over 30 days. Sterling Construction is related to or competes with EMCOR, Comfort Systems, Primoris Services, Granite Construction, Construction Partners, MYR, and Tutor Perini. Sterling Infrastructure, Inc. engages in the transportation, e-infrastructure, and building solutions primarily in the S... More
Sterling Construction 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 Sterling Construction'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 Sterling Construction upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.59 | |||
| Information Ratio | 0.2306 | |||
| Maximum Drawdown | 14.32 | |||
| Value At Risk | (2.40) | |||
| Potential Upside | 6.48 |
Sterling Construction Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sterling Construction's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sterling Construction's standard deviation. In reality, there are many statistical measures that can use Sterling Construction historical prices to predict the future Sterling Construction's volatility.| Risk Adjusted Performance | 0.2087 | |||
| Jensen Alpha | 0.5827 | |||
| Total Risk Alpha | 0.4334 | |||
| Sortino Ratio | 0.2966 | |||
| Treynor Ratio | 0.3026 |
Sterling Construction Backtested Returns
Sterling Construction appears to be very steady, given 3 months investment horizon. Sterling Construction owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.25, which indicates the firm had a 0.25% return per unit of risk over the last 3 months. By inspecting Sterling Construction's technical indicators, you can evaluate if the expected return of 0.85% is justified by implied risk. Please review Sterling Construction's Semi Deviation of 2.02, risk adjusted performance of 0.2087, and Coefficient Of Variation of 379.53 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sterling Construction holds a performance score of 20. The entity has a beta of 2.87, which indicates 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, Sterling Construction will likely underperform. Please check Sterling Construction's potential upside, and the relationship between the total risk alpha and kurtosis , to make a quick decision on whether Sterling Construction's existing price patterns will revert.
Auto-correlation | 0.41 |
Average predictability
Sterling Construction has average predictability. Overlapping area represents the amount of predictability between Sterling Construction time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 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 Sterling Construction price movement. The serial correlation of 0.41 indicates that just about 41.0% of current Sterling Construction price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 47.76 |
Sterling Construction lagged returns against current returns
Autocorrelation, which is Sterling Construction 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 Sterling Construction's stock expected returns. We can calculate the autocorrelation of Sterling Construction returns to help us make a trade decision. For example, suppose you find that Sterling Construction 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 |
Sterling Construction 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 Sterling Construction stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sterling Construction stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sterling Construction stock over time.
Current vs Lagged Prices |
| Timeline |
Sterling Construction Lagged Returns
When evaluating Sterling Construction's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sterling Construction stock have on its future price. Sterling Construction 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, Sterling Construction autocorrelation shows the relationship between Sterling Construction stock current value and its past values and can show if there is a momentum factor associated with investing in Sterling Construction.
Regressed Prices |
| Timeline |
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Sterling Construction 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.