Dycom Industries Stock Probability of Future Stock Price Finishing Under 72.82

DY Stock  USD 143.65  1.73  1.22%   
Dycom Industries' implied volatility is one of the determining factors in the pricing options written on Dycom Industries. Implied volatility approximates the future value of Dycom Industries based on the option's current value. Options with high implied volatility have higher premiums and can be used to hedge the downside of investing in Dycom Industries over a specific time period. For example, 2024-04-19 CALL at $145.0 is a CALL option contract on Dycom Industries' common stock with a strick price of 145.0 expiring on 2024-04-19. The contract was last traded on 2024-03-27 at 11:42:27 for $3.7 and, as of today, has 22 days remaining before the expiration. The option is currently trading at a bid price of $3.2, and an ask price of $3.7. The implied volatility as of the 28th of March is 29.25. View All Dycom options

Closest to current price Dycom long CALL Option Payoff at Expiration

Dycom Industries' future price is the expected price of Dycom Industries instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of Dycom Industries performance during a given time horizon utilizing its historical volatility. Check out Dycom Industries Backtesting, Dycom Industries Valuation, Dycom Industries Correlation, Dycom Industries Hype Analysis, Dycom Industries Volatility, Dycom Industries History as well as Dycom Industries Performance.
For more information on how to buy Dycom Stock please use our How to Invest in Dycom Industries guide.
  
At this time, Dycom Industries' Price Earnings Ratio is fairly stable compared to the past year. Price To Operating Cash Flows Ratio is likely to rise to 9.51 in 2024, whereas Price To Sales Ratio is likely to drop 0.34 in 2024. Please specify Dycom Industries' target price for which you would like Dycom Industries odds to be computed.

Dycom Industries Target Price Odds to finish below 72.82

The tendency of Dycom Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
Current PriceHorizonTarget PriceOdds to drop to $ 72.82  or more in 90 days
 143.65 90 days 72.82 
near 1
Based on a normal probability distribution, the odds of Dycom Industries to drop to $ 72.82  or more in 90 days from now is near 1 (This Dycom Industries probability density function shows the probability of Dycom Stock to fall within a particular range of prices over 90 days) . Probability of Dycom Industries price to stay between $ 72.82  and its current price of $143.65 at the end of the 90-day period is roughly 97.0 .
Allowing for the 90-day total investment horizon the stock has the beta coefficient of 1.59 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Dycom Industries will likely underperform. Additionally Dycom Industries has an alpha of 0.1582, implying that it can generate a 0.16 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
   Dycom Industries Price Density   
       Price  

Predictive Modules for Dycom Industries

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Dycom Industries. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Dycom Industries' 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.
Hype
Prediction
LowEstimatedHigh
142.00143.65145.30
Details
Intrinsic
Valuation
LowRealHigh
129.29149.85151.50
Details
Naive
Forecast
LowNextHigh
134.63136.28137.94
Details
8 Analysts
Consensus
LowTargetHigh
113.95125.22138.99
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Dycom Industries. Your research has to be compared to or analyzed against Dycom Industries' peers to derive any actionable benefits. When done correctly, Dycom Industries' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Dycom Industries.

Dycom Industries Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Dycom Industries is not an exception. The market had few large corrections towards the Dycom Industries' value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Dycom Industries, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Dycom Industries within the framework of very fundamental risk indicators.
α
Alpha over NYSE Composite
0.16
β
Beta against NYSE Composite1.59
σ
Overall volatility
11.51
Ir
Information ratio 0.14

Dycom Industries Alerts and Suggestions

In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Dycom Industries for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Dycom Industries can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
Over 99.0% of the company shares are held by institutions such as insurance companies
Latest headline from MacroaxisInsider: Insider Trading

Dycom Industries Price Density Drivers

Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Dycom Stock often depends not only on the future outlook of the current and potential Dycom Industries' investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Dycom Industries' indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding29.1 M

Dycom Industries Technical Analysis

Dycom Industries' future price can be derived by breaking down and analyzing its technical indicators over time. Dycom Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Dycom Industries. In general, you should focus on analyzing Dycom Stock price patterns and their correlations with different microeconomic environments and drivers.

Dycom Industries Predictive Forecast Models

Dycom Industries' time-series forecasting models is one of many Dycom Industries' stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Dycom Industries' historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.

Things to note about Dycom Industries

Checking the ongoing alerts about Dycom Industries for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Dycom Industries help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Over 99.0% of the company shares are held by institutions such as insurance companies
Latest headline from MacroaxisInsider: Insider Trading
When determining whether Dycom Industries offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Dycom Industries' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Dycom Industries Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Dycom Industries Stock:
Check out Dycom Industries Backtesting, Dycom Industries Valuation, Dycom Industries Correlation, Dycom Industries Hype Analysis, Dycom Industries Volatility, Dycom Industries History as well as Dycom Industries Performance.
For more information on how to buy Dycom Stock please use our How to Invest in Dycom Industries guide.
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Complementary Tools for Dycom Stock analysis

When running Dycom Industries' price analysis, check to measure Dycom Industries' 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 Dycom Industries is operating at the current time. Most of Dycom Industries' value examination focuses on studying past and present price action to predict the probability of Dycom Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dycom Industries' price. Additionally, you may evaluate how the addition of Dycom Industries to your portfolios can decrease your overall portfolio volatility.
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Is Dycom Industries' industry 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 Dycom Industries. If investors know Dycom 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 Dycom Industries 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
(0.05)
Earnings Share
7.37
Revenue Per Share
142.35
Quarterly Revenue Growth
0.038
Return On Assets
0.0836
The market value of Dycom Industries is measured differently than its book value, which is the value of Dycom that is recorded on the company's balance sheet. Investors also form their own opinion of Dycom Industries' value that differs from its market value or its book value, called intrinsic value, which is Dycom Industries' 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 Dycom Industries' market value can be influenced by many factors that don't directly affect Dycom Industries' 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 Dycom Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Dycom Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dycom Industries' 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.