Dicks Sporting Stock Forecast - 20 Period Moving Average

DKS
 Stock
  

USD 80.60  3.79  4.49%   

Dicks Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Dicks Sporting historical stock prices and determine the direction of Dicks Sporting Goods's future trends based on various well-known forecasting models. However, solely looking at the historical price movement is usually misleading. Macroaxis recommends to always use this module together with analysis of Dicks Sporting historical fundamentals such as revenue growth or operating cash flow patterns. Although Dicks Sporting naive historical forecasting may sometimes provide an important future outlook for the firm we recommend to always cross-verify it against solid analysis of Dicks Sporting Goods systematic risk associated with finding meaningful patterns of Dicks Sporting fundamentals over time.
Continue to Historical Fundamental Analysis of Dicks Sporting to cross-verify your projections.
  
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Dicks Sporting Inventory Turnover is relatively stable at the moment as compared to the past year. Dicks Sporting reported last year Inventory Turnover of 3.57. As of 06/27/2022, Accounts Payable Turnover is likely to grow to 11.22, while PPandE Turnover is likely to drop 8.09. . Dicks Sporting Weighted Average Shares is relatively stable at the moment as compared to the past year. Dicks Sporting reported last year Weighted Average Shares of 83.18 Million. As of 06/27/2022, Weighted Average Shares Diluted is likely to grow to about 121.5 M, though Issuance Purchase of Equity Shares is likely to grow to (680.1 M).

Open Interest Agains t 2022-07-01 Dicks Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast Dicks Sporting's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest Dicks Sporting's options reflect these daily shifts, investors could use the patterns of these changes to develop long and short trading strategies Dicks Sporting stock based on available contracts left at the end of a trading day.
Please note, to derive more accurate forecasting about market movement from the current Dicks Sporting's open interest, investors have to compare it to Dicks Sporting's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Dicks Sporting is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Dicks. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Dicks Sporting cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Dicks Sporting's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Dicks Sporting's price structures and extracts relationships that further increase the generated results' accuracy.
A commonly used 20-period moving average forecast model for Dicks Sporting Goods is based on a synthetically constructed Dicks Sportingdaily price series in which the value for a trading day is replaced by the mean of that value and the values for 20 of preceding and succeeding time periods. This model is best suited for price series data that changes over time.

Dicks Sporting Goods Current Investor Sentiment

Investor biases related to Dicks Sporting's public news can be used to forecast risks associated with investment in Dicks. The trend in average sentiment can be used to explain how an investor holding Dicks can time the market purely based on public headlines and social activities around Dicks Sporting Goods. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Dicks Sporting's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Dicks Sporting's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Dicks Sporting's news discussions. The higher the estimate score, the more favorable is the investor's outlook on Dicks Sporting.

Dicks Sporting 20 Period Moving Average Price Forecast For the 28th of June

Given 90 days horizon, the 20 Period Moving Average forecasted value of Dicks Sporting Goods on the next trading day is expected to be 78.39 with a mean absolute deviation of 6.62, mean absolute percentage error of 69.98, and the sum of the absolute errors of 271.38. Please note that although there have been many attempts to predict Dicks Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Dicks Sporting's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Dicks Sporting Stock Forecast Pattern

Backtest Dicks SportingDicks Sporting Price PredictionBuy or Sell Advice 

Dicks Sporting Forecasted Value

In the context of forecasting Dicks Sporting's Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Dicks Sporting's downside and upside margins for the forecasting period are 74.32 and 82.47, respectively. We have considered Dicks Sporting's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Market Value 80.60
78.39
Expected Value
82.47
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the 20 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Dicks Sporting stock data series using in forecasting. Note that when a statistical model is used to represent Dicks Sporting stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.
AICAkaike Information Criteria85.6011
BiasArithmetic mean of the errors 6.1822
MADMean absolute deviation6.6191
MAPEMean absolute percentage error0.0818
SAESum of the absolute errors271.3825
The eieght-period moving average method has an advantage over other forecasting models in that it does smooth out peaks and valleys in a set of daily observations. Dicks Sporting Goods 20-period moving average forecast can only be used reliably to predict one or two periods into the future.

Predictive Modules for Dicks Sporting

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Dicks Sporting Goods. Regardless of method or technology, however, to accurately forecast the stock or bond 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, frequently view the market will even out over time. This tendency of Dicks Sporting's 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. Please use the tools below to analyze the current value of Dicks Sporting in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
77.2781.2885.29
Details
Intrinsic
Valuation
LowReal ValueHigh
72.54101.45105.46
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
76.2086.7697.33
Details
17 Analysts
Consensus
LowTarget PriceHigh
70.00136.81173.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Dicks Sporting. Your research has to be compared to or analyzed against Dicks Sporting's peers to derive any actionable benefits. When done correctly, Dicks Sporting's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Dicks Sporting Goods.

Other Forecasting Options for Dicks Sporting

For every potential investor in Dicks, whether a beginner or expert, Dicks Sporting's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Dicks Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Dicks. Basic forecasting techniques help filter out the noise by identifying Dicks Sporting's price trends.

View Currently Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Dicks Sporting stock to make a market-neutral strategy. Peer analysis of Dicks Sporting could also be used in its relative valuation, which is a method of valuing Dicks Sporting by comparing valuation metrics with similar companies.

Dicks Sporting Goods Technical and Predictive Analytics

The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Dicks Sporting's price movements, , a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Dicks Sporting's current price.

Dicks Sporting Market Strength Events

Market strength indicators help investors to evaluate how Dicks Sporting stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Dicks Sporting shares will generate the highest return on investment. By undertsting and applying Dicks Sporting stock market strength indicators, traders can identify Dicks Sporting Goods entry and exit signals to maximize returns.

Dicks Sporting Risk Indicators

The analysis of Dicks Sporting's basic risk indicators is one of the essential steps in helping accuretelly forecast its future price. The process involves identifying the amount of risk involved in Dicks Sporting's investment and either accepting that risk or mitigating it. Along with some funamental techniques of forecasting Dicks Sporting stock price, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stock investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Dicks Sporting Investors Sentiment

The influence of Dicks Sporting's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Dicks. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.

Dicks Sporting Implied Volatility

    
  54.61  
Dicks Sporting's implied volatility exposes the market's sentiment of Dicks Sporting Goods stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Dicks Sporting's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Dicks Sporting stock will not fluctuate a lot when Dicks Sporting's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Dicks Sporting in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Dicks Sporting's short interest history, or implied volatility extrapolated from Dicks Sporting options trading.

Current Sentiment - DKS

Dicks Sporting Goods Investor Sentiment

Greater number of Macroaxis users are currently bullish on Dicks Sporting Goods. What is your opinion about investing in Dicks Sporting Goods? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish

Pair Trading with Dicks Sporting

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 Dicks Sporting 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 Dicks Sporting will appreciate offsetting losses from the drop in the long position's value.

Dicks Sporting Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

The ability to find closely correlated positions to Dicks Sporting could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dicks Sporting 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 Dicks Sporting - 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 Dicks Sporting Goods to buy it.
The correlation of Dicks Sporting 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 Dicks Sporting moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dicks Sporting Goods 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 Dicks Sporting 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 Historical Fundamental Analysis of Dicks Sporting to cross-verify your projections. Note that the Dicks Sporting Goods information on this page should be used as a complementary analysis to other Dicks Sporting'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 Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..

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Is Dicks Sporting'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 Dicks Sporting. If investors know Dicks 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 Dicks Sporting 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 YOY
-0.27
Market Capitalization
6.8 B
Quarterly Revenue Growth YOY
-0.075
Return On Assets
0.14
Return On Equity
0.59
The market value of Dicks Sporting Goods is measured differently than its book value, which is the value of Dicks that is recorded on the company's balance sheet. Investors also form their own opinion of Dicks Sporting's value that differs from its market value or its book value, called intrinsic value, which is Dicks Sporting'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 Dicks Sporting's market value can be influenced by many factors that don't directly affect Dicks Sporting'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 Dicks Sporting's value and its price as these two are different measures arrived at by different means. Investors typically determine Dicks Sporting value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dicks Sporting'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.