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What does a latest Quanta Services volatility fall mean for retail investors?
 | By Rifka Kats | Macroaxis Story |
It seems Quanta Services will continue to recover much faster as its share price surged up 3.01% today. Quanta Services's current daily volatility is 2.66 percent, with a beta of 1.29 and an alpha of 0.07 over DOW. As many millenniums are excited about infrastructure construction and services, it is only fair to sum up Quanta Services. We will evaluate why we are still optimistic in anticipation of a recovery.
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Reviewed by Michael Smolkin
Quanta Services has roughly 377.2 M in cash with 836.85 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.74. Quanta Services advice module can be used to check and cross-verify current recommendation provided by analysts analyzing the firm's potential to grow using all of fundamental, technical, data market data available at the time.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Quanta Services. Your research has to be compared to or analyzed against Quanta Services' peers to derive any actionable benefits. When done correctly, Quanta Services' 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 Quanta Services.
Investing in Quanta Services, just like investing in any other equity instrument, is characterized by a strong risk-return correlation. High risks mean high returns and low risk means lower expected returns. Risk management is the act of identifying and assessing the potential risk and developing strategies to minimize these risks and earn maximum possible profits while holding Quanta Services along with other instruments in the same portfolio. Using conventional technical analysis and fundamental analysis to select individual securities into a portfolio complements risk management and adds value to overall investors' investing strategies.
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.
How important is Quanta Services's Liquidity
Quanta Services financial leverage refers to using borrowed capital as a funding source to finance Quanta Services ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Quanta Services financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Financial leverage can amplify the potential profits to Quanta Services' owners, but it also increases the potential losses and risk of financial distress, including bankruptcy, if the firm cannot cover its debt costs. The degree of Quanta Services' financial leverage can be measured in several ways, including by ratios such as the debt-to-equity ratio (total debt / total equity), equity multiplier (total assets / total equity), or the debt ratio (total debt / total assets). Please check the breakdown between Quanta Services's total debt and its cash.
Quanta Services Gross Profit
Quanta Services Gross Profit growth is one of the most critical measures in evaluating the company. The Gross Profit growth rate is calculated simply by comparing Quanta Services previous period's values with its current period's values. Each time period you're measuring should be of equal lengths the increase or decrease, in a company's Gross Profit between two periods. Here we show Quanta Services Gross Profit growth over the last 10 years. Please check Quanta Services' gross profit and other fundamental indicators for more details.
Quanta Services Correlation with Peers
Investors in Quanta can reduce exposure to individual asset risk by holding a diversified portfolio of assets in addition to a long position in Quanta Services. Diversification will allow for the same portfolio return with reduced risk. The correlation table of Quanta Services and its peers is a two-dimensional matrix that shows the correlation coefficient between pairs of securities Quanta is related in some way. The cells in the table are color-coded to highlight significantly positive and negative relationships. Each cell shows the correlation between one pair of equities and can be used to run pair trading strategies or create efficient portfolios with your current brokerage. Please check volatility of Quanta for more details
Another Outlook On Quanta Services
Quanta Services appears to be very steady, given 1 month investment horizon. Quanta Services maintains Sharpe Ratio (i.e. Efficiency) of 0.14, which implies the firm had 0.14% of return per unit of risk over the last month. Our standpoint towards forecasting the volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for Quanta Services, which you can use to evaluate future volatility of the company. Please employ Quanta Services Risk Adjusted Performance of 0.2154, coefficient of variation of 760.62, and Semi Deviation of 2.92 to confirm if our risk estimates are consistent with your expectations.
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