Duck Creek Return on Invested Capital Trend from 2010 to 2022

DCT
 Stock
  

USD 11.85  0.03  0.25%   

  
Check Duck Creek financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Duck Creek main balance sheet or income statement drivers, such as , as well as many exotic indicators such as . Duck Creek financial statements analysis is a perfect complement when working with Duck Creek Valuation or Volatility modules. It can also supplement Duck Creek's financial leverage analysis and stock options assessment as well as various Duck Creek Technical models . Continue to the analysis of Duck Creek Correlation against competitors.

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Our tools can tell you how much better you can do entering a position in Duck Creek without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with Duck Creek

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Duck Creek position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Duck Creek will appreciate offsetting losses from the drop in the long position's value.

Moving together with Duck Creek

+0.85JNJJohnson Johnson TrendingPairCorr
+0.67HPQHp Inc Fiscal Year End 22nd of November 2022 PairCorr
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.
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.
Correlation analysis and pair trading evaluation for Duck Creek can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Continue to the analysis of Duck Creek Correlation against competitors. 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 Equity Valuation module to check real value of public entities based on technical and fundamental data.

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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.
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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.
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.