Duck Creek Correlations

DCT
 Stock
  

USD 14.14  0.34  2.46%   

The correlation of Duck Creek is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Duck Creek moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Duck Creek Technologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Continue to Investing Opportunities.
  
The ability to find closely correlated positions to Duck Creek could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Duck Creek when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Duck Creek - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Duck Creek Technologies to buy it.

Moving together with Duck Creek

0.68APIAgora Inc Ads Earnings Call  This WeekPairCorr

Moving against Duck Creek

0.56AGYSAgilysysPairCorr

Related Correlations

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
SBUXUNH
MSFTAAPL
TSMNVDA
TSMBRK-A
NVDAMSFT
NVDABRK-A
  
High negative correlations   
TSMUNH
UNHBRK-A
SBUXJNJ
SBUXBRK-A
SBUXTSM
JNJAAPL

Duck Creek Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Duck Creek stock performing well and Duck Creek company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Duck Creek's multiple risk-adjusted performance indicators. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean
Deviation
Jensen
Alpha
Sortino
Ratio
Treynor
Ratio
Semi
Deviation
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
AAPL 1.94  0.10  0.03  0.05  2.66  0.0386 (1.92)  3.82 (3.96)  9.74 
MSFT 1.75  0.05  0.02  0.02  2.28  0.0179 (1.79)  2.97 (4.24)  7.83 
BRK-A 1.13 (0.12)  0.00 (0.14)  0.00 (0.08)  0.00  2.19 (2.62)  6.39 
UNH 1.32  0.13  0.07  0.13  1.65  0.07 (1.30)  2.07 (2.62)  8.87 
NVDA 3.24  0.06  0.01  0.01  4.14  0.0095 (3.18)  5.55 (6.82)  17.28 
JNJ 0.83 (0.05)  0.00 (0.13)  0.00 (0.038)  0.00  1.75 (1.91)  5.07 
TSM 1.89 (0.02)  0.00 (0.03)  0.00 (0.0099)  0.00  3.21 (4.00)  9.68 
SBUX 1.89  0.28  0.11  0.17  2.13  0.1 (1.92)  4.12 (4.21)  14.93 

Similar Equity Warning - DCT

Duck Creek Technologies was forked

The entity Duck Creek Technologies with a symbol DCT was recently forked. You can potentially use DCT INDUSTRIAL TRUST with a symbol DCT1 from now on.

Duck Creek Corporate Directors

Duck Creek corporate directors refer to members of a Duck Creek board of directors. The board of directors generally takes responsibility for the Duck Creek's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Duck Creek's board members must vote for the resolution. The Duck Creek board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Tripp Hardin - Independent DirectorProfile
Marilyn Alexander - Independent DirectorProfile
Tobias Hartmann - Independent DirectorProfile
John Pharris - Managing Director of West Coast RegionProfile

Invested in Duck Creek Technologies?

You need to understand the risk of investing before taking a position in Duck Creek. The danger of trading Duck Creek Technologies is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Duck Creek is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Duck Creek. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Duck Creek Technologies is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Continue to Investing Opportunities. Note that the Duck Creek Technologies information on this page should be used as a complementary analysis to other Duck Creek's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.

Complementary Tools for Duck Creek Stock analysis

When running Duck Creek Technologies price analysis, check to measure Duck Creek's 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 Duck Creek is operating at the current time. Most of Duck Creek's value examination focuses on studying past and present price action to predict the probability of Duck Creek's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Duck Creek's price. Additionally, you may evaluate how the addition of Duck Creek to your portfolios can decrease your overall portfolio volatility.
Price Exposure Probability
Analyze equity upside and downside potential for a given time horizon across multiple markets
Go
Shere Portfolio
Track or share privately all of your investments from the convenience of any device
Go
Equity Analysis
Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities
Go
Fundamental Analysis
View fundamental data based on most recent published financial statements
Go
Global Correlations
Find global opportunities by holding instruments from different markets
Go
Is Duck Creek's 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 Duck Creek. If investors know Duck Creek 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 Duck Creek listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
1.8 B
Quarterly Revenue Growth YOY
0.065
Return On Assets
-0.0031
Return On Equity
-0.0157
The market value of Duck Creek Technologies is measured differently than its book value, which is the value of Duck Creek that is recorded on the company's balance sheet. Investors also form their own opinion of Duck Creek's value that differs from its market value or its book value, called intrinsic value, which is Duck Creek'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 Duck Creek's market value can be influenced by many factors that don't directly affect Duck Creek'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 Duck Creek's value and its price as these two are different measures arrived at by different means. Investors typically determine Duck Creek value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Duck Creek'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.