Dicks Sporting Stock Forecast - Daily Balance Of Power

DKS
 Stock
  

USD 121.69  2.71  2.28%   

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.
  
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 11/27/2022, 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 11/27/2022, 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 2022-12-02 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.
On August 11, 2022 Dicks Sporting Goods had Daily Balance Of Power of 0.3528.
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.
Balance of Power indicator (or BOP) measures the strength of Dicks Sporting Goods market sensitivity to bulls and bears. It estimates the ability of Dicks Sporting buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring Dicks Sporting Balance of Power indicator one can determine a trend of the price direction.
  Previous Daily Balance Of PowerDaily Balance Of PowerTrend
(0.14)0.3528
Check Dicks Sporting VolatilityBacktest Dicks SportingTrend Details  

Dicks Sporting Trading Date Momentum

On August 12 2022 Dicks Sporting Goods was traded for  106.77  at the closing time. Highest Dicks Sporting's price during the trading hours was 107.36  and the lowest price during the day was  105.14 . The net volume was 803.5 K. The overall trading history on the 12th of August 2022 contributed to the next trading period price gain. The overall trading delta to the next next day price was 2.03% . The overall trading delta to current price is 3.75% .
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
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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.

Dicks Sporting 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.
Exxon Mobil CorpMonster BeverageAll Nippon AirwaysUnder ArmourFootlockerNike IncMEDIVOLVE INCRoyal Caribbean CruisesNorthrop Grumman CorpAmn Healthcare ServicesTwist Bioscience CorpFreedom Holding CorpGx Nasdaq-100 CoveredFranklin Mutual EuropeanBhp Billiton
 Risk & Return  Correlation

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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Dicks Sporting 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 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.
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. You can also try Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.

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When running Dicks Sporting Goods price analysis, check to measure Dicks Sporting'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 Dicks Sporting is operating at the current time. Most of Dicks Sporting's value examination focuses on studying past and present price action to predict the probability of Dicks Sporting's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Dicks Sporting's price. Additionally, you may evaluate how the addition of Dicks Sporting to your portfolios can decrease your overall portfolio volatility.
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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
(0.12) 
Market Capitalization
10.2 B
Quarterly Revenue Growth YOY
0.077
Return On Assets
0.12
Return On Equity
0.47
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.