Myr Group Stock Market Value
| MYRG Stock | USD 188.88 5.60 3.06% |
| Symbol | MYR |
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 MYR. If investors know MYR 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 MYR 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 0.295 | Earnings Share 2.15 | Revenue Per Share 207.539 | Quarterly Revenue Growth 0.022 | Return On Assets 0.0232 |
The market value of MYR Group is measured differently than its book value, which is the value of MYR that is recorded on the company's balance sheet. Investors also form their own opinion of MYR's value that differs from its market value or its book value, called intrinsic value, which is MYR'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 MYR's market value can be influenced by many factors that don't directly affect MYR'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 MYR's value and its price as these two are different measures arrived at by different means. Investors typically determine if MYR is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MYR'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.
MYR '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 MYR'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 MYR.
| 05/06/2025 |
| 07/05/2025 |
If you would invest 0.00 in MYR on May 6, 2025 and sell it all today you would earn a total of 0.00 from holding MYR Group or generate 0.0% return on investment in MYR over 60 days. MYR is related to or competes with Kuke Music, Plexus Corp, Everspin Technologies, Tencent Music, United Microelectronics, Tigo Energy, and Ebang International. MYR Group Inc., through its subsidiaries, provides electrical construction services in the United States and Canada More
MYR 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 MYR'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 MYR Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.57 | |||
| Information Ratio | 0.2021 | |||
| Maximum Drawdown | 22.58 | |||
| Value At Risk | (3.43) | |||
| Potential Upside | 5.08 |
MYR Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MYR's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MYR's standard deviation. In reality, there are many statistical measures that can use MYR historical prices to predict the future MYR's volatility.| Risk Adjusted Performance | 0.3857 | |||
| Jensen Alpha | 0.6953 | |||
| Total Risk Alpha | 0.6053 | |||
| Sortino Ratio | 0.2831 | |||
| Treynor Ratio | 0.6264 |
MYR Group Backtested Returns
MYR is very steady given 3 months investment horizon. MYR Group has Sharpe Ratio of 0.29, which conveys that the firm had a 0.29 % return per unit of volatility over the last 3 months. We were able to interpolate data for thirty different technical indicators, which can help you to evaluate if expected returns of 1.0% are justified by taking the suggested risk. Use MYR Group risk adjusted performance of 0.3857, and Mean Deviation of 2.04 to evaluate company specific risk that cannot be diversified away. MYR holds a performance score of 22 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of 1.33, which conveys 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, MYR will likely underperform. Use MYR Group skewness, and the relationship between the value at risk and day median price , to analyze future returns on MYR Group.
Auto-correlation | -0.07 |
Very weak reverse predictability
MYR Group has very weak reverse predictability. Overlapping area represents the amount of predictability between MYR time series from 6th of May 2025 to 5th of June 2025 and 5th of June 2025 to 5th of July 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 MYR Group price movement. The serial correlation of -0.07 indicates that barely 7.0% of current MYR price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 74.95 |
MYR Group lagged returns against current returns
Autocorrelation, which is MYR 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 MYR's stock expected returns. We can calculate the autocorrelation of MYR returns to help us make a trade decision. For example, suppose you find that MYR 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 |
MYR 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 MYR stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MYR stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MYR stock over time.
Current vs Lagged Prices |
| Timeline |
MYR Lagged Returns
When evaluating MYR's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MYR stock have on its future price. MYR 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, MYR autocorrelation shows the relationship between MYR stock current value and its past values and can show if there is a momentum factor associated with investing in MYR Group.
Regressed Prices |
| Timeline |
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Check out MYR Correlation, MYR Volatility and MYR Alpha and Beta module to complement your research on MYR. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
MYR 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.