Duck Creek Piotroski F Score

DCT
 Stock
  

USD 10.81  0.02  0.19%   

This module uses fundamental data of Duck Creek to approximate its Piotroski F score. Duck Creek F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Duck Creek Technologies. These three categories are profitability, efficiency, and funding. Some research analysts and sophisticated value traders use Piotroski F Score to find opportunities outside of the conventional market and financial statement analysis.They believe that some of the new information about Duck Creek financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Continue to Duck Creek Altman Z Score, Duck Creek Correlation, Duck Creek Valuation, as well as analyze Duck Creek Alpha and Beta and Duck Creek Hype Analysis.
  
Duck Creek Long Term Debt to Equity is comparatively stable at the moment as compared to the past year. Duck Creek reported Long Term Debt to Equity of 1.01 in 2021. Debt to Equity Ratio is likely to gain to 1.07 in 2022, whereas Total Debt is likely to drop slightly above 25.9 M in 2022. Duck Creek Current Ratio is comparatively stable at the moment as compared to the past year. Duck Creek reported Current Ratio of 0.16 in 2021. Debt to Equity Ratio is likely to gain to 1.07 in 2022, whereas Cash Flow Per Share is likely to drop 2.09 in 2022.
At this time, it appears that Duck Creek's Piotroski F Score is Healthy. Although some professional money managers and academia have recently criticized Piotroski F-Score model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
6.0
Piotroski F Score - Healthy
1
Current Return On AssetsPositiveFocus
2
Change in Return on AssetsIncreasedFocus
3
Cash Flow Return on AssetsPositiveFocus
4
Current Quality of Earnings (accrual)DecreasingFocus
5
Asset Turnover GrowthDecreaseFocus
6
Current Ratio ChangeIncreaseFocus
7
Long Term Debt Over Assets ChangeLower LeverageFocus
8
Change In Outstending SharesDecreaseFocus
9
Change in Gross MarginNo ChangeFocus

Duck Creek Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Duck Creek is to make sure Duck Creek is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Duck Creek's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if Duck Creek's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares Diluted75.8 M83.4 M
Significantly Down
Increasing
Slightly volatile
Weighted Average Shares75.7 M83.3 M
Significantly Down
Increasing
Slightly volatile
Return on Average Assets2.572.38
Significantly Up
Increasing
Slightly volatile
Net Cash Flow from Operations184.7 M220.2 M
Fairly Down
Increasing
Slightly volatile
Current Liabilities141.9 M166.6 M
Fairly Down
Increasing
Slightly volatile
Total Liabilities1.7 B1.9 B
Significantly Down
Increasing
Slightly volatile
Gross Margin66.6868.16
Fairly Down
Decreasing
Very volatile
Total Debt25.9 M29.2 M
Fairly Down
Increasing
Slightly volatile
Asset Turnover0.09220.0977
Notably Down
Increasing
Slightly volatile
Current Assets23.2 M22.8 M
Fairly Up
Increasing
Very volatile
Total Assets3.3 B3.6 B
Significantly Down
Increasing
Slightly volatile

Duck Creek Technologies F Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to project the various growth rates. Understanding the correlation between Duck Creek's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Duck Creek in a much-optimized way.

About Duck Creek Piotroski F Score

F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.

Weighted Average Shares

75.75 Million

Duck Creek Weighted Average Shares is comparatively stable at the moment as compared to the past year. Duck Creek reported Weighted Average Shares of 83.32 Million in 2021

Duck Creek Current Valuation Drivers

We derive many important indicators used in calculating different scores of Duck Creek from analyzing Duck Creek's financial statements. These drivers represent accounts that assess Duck Creek's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Duck Creek's important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Earnings Before Interest Taxes and Depreciation Amortization USD12.71 M5.28 M(7.1 M)6.57 M7.55 M8.15 M
Earnings before Tax(7.45 M)(15.75 M)(28.37 M)(15.04 M)(13.53 M)(14.6 M)
Free Cash Flow3.24 M6.56 M18.98 M(10.97 M)(12.61 M)(12.94 M)

About Duck Creek Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Duck Creek Technologies's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Duck Creek using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Duck Creek Technologies based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Duck Creek Technologies, Inc. provides software-as-a-service core systems to the property and casualty insurance industry in the United States and internationally. The company was founded in 2016 and is based in Boston, Massachusetts. Duck Creek operates under SoftwareApplication classification in the United States and is traded on NASDAQ Exchange.

Duck Creek Investors Sentiment

The influence of Duck Creek'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 Duck Creek. 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.
Investor biases related to Duck Creek's public news can be used to forecast risks associated with investment in Duck Creek. The trend in average sentiment can be used to explain how an investor holding Duck Creek can time the market purely based on public headlines and social activities around Duck Creek Technologies. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Duck Creek'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 Duck Creek'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 Duck Creek's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Duck Creek.
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 Duck Creek 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, Duck Creek's short interest history, or implied volatility extrapolated from Duck Creek options trading.

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.
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 Duck Creek Altman Z Score, Duck Creek Correlation, Duck Creek Valuation, as well as analyze Duck Creek Alpha and Beta and Duck Creek Hype Analysis. 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 Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.

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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.
Market Capitalization
1.4 B
Quarterly Revenue Growth YOY
0.14
Return On Assets
(0.0039) 
Return On Equity
(0.0114) 
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.