Dicks Stock Market Value

DKS -  USA Stock  

USD 84.39  6.54  8.40%

Dicks Sporting's market value is the price at which a share of Dicks Sporting stock trades on a public exchange. It measures the collective expectations of Dicks Sporting Goods investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Dicks Sporting Goods and determine expected loss or profit from investing in Dicks Sporting over a given investment horizon. Continue to Dicks Sporting Hype Analysis, Dicks Sporting Correlation, Dicks Sporting Valuation, Dicks Sporting Volatility, as well as analyze Dicks Sporting Alpha and Beta and Dicks Sporting Performance.
Symbol
Backtest


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.

Dicks Sporting 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Dicks Sporting's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Dicks Sporting.
0.00
03/28/2022
No Change 0.00  0.0 
In 3 months and 1 day
06/26/2022
0.00
If you would invest  0.00  in Dicks Sporting on March 28, 2022 and sell it all today you would earn a total of 0.00 from holding Dicks Sporting Goods or generate 0.0% return on investment in Dicks Sporting over 90 days. Dicks Sporting is related to or competes with Verizon Communications, Procter Gamble, Walmart, Chevron Corp, Exxon, American Express, and McDonalds Corp. DICKS Sporting Goods, Inc., together with its subsidiaries, operates as a sporting goods retailer primarily in the easte...More

Dicks Sporting Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Dicks Sporting's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Dicks Sporting Goods upside and downside potential and time the market with a certain degree of confidence.

Dicks Sporting Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Dicks Sporting's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dicks Sporting's standard deviation. In reality, there are many statistical measures that can use Dicks Sporting historical prices to predict the future Dicks Sporting's volatility.
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
80.3684.3988.42
Details
Intrinsic
Valuation
LowReal ValueHigh
75.95104.85108.88
Details
Naive
Forecast
LowNext ValueHigh
76.7680.8084.83
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.

Dicks Sporting Goods Backtested Returns

Dicks Sporting Goods secures Sharpe Ratio (or Efficiency) of -0.0738, which denotes the company had -0.0738% of return per unit of standard deviation over the last 3 months. Macroaxis philosophy in predicting the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Dicks Sporting Goods exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Dicks Sporting Goods mean deviation of 2.99 to check the risk estimate we provide.
The firm shows a Beta (market volatility) of 1.9336, which means a somewhat significant risk relative to the market. Let's try to break down what Dicks's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Dicks Sporting will likely underperform. Even though it is essential to pay attention to Dicks Sporting Goods historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy in predicting any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Dicks Sporting Goods exposes twenty-one different technical indicators, which can help you to evaluate its performance. Dicks Sporting Goods has an expected return of -0.3%. Please be advised to confirm Dicks Sporting Goods standard deviation, as well as the relationship between the maximum drawdown and expected short fall to decide if Dicks Sporting Goods performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.31  

Below average predictability

Dicks Sporting Goods has below average predictability. Overlapping area represents the amount of predictability between Dicks Sporting time series from 28th of March 2022 to 12th of May 2022 and 12th of May 2022 to 26th of June 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Dicks Sporting Goods price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Dicks Sporting price fluctuation can be explain by its past prices.
Correlation Coefficient0.31
Spearman Rank Test0.14
Residual Average0.0
Price Variance28.64

Dicks Sporting Goods lagged returns against current returns

Autocorrelation, which is Dicks Sporting stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Dicks Sporting's stock expected returns. We can calculate the autocorrelation of Dicks Sporting returns to help us make a trade decision. For example, suppose you find that Dicks Sporting stock has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
 Current and Lagged Values 
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      Timeline 

Dicks Sporting regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Dicks Sporting stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dicks Sporting stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dicks Sporting stock over time.
 Current vs Lagged Prices 
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      Timeline 

Dicks Sporting Lagged Returns

When evaluating Dicks Sporting's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dicks Sporting stock have on its future price. Dicks Sporting autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Dicks Sporting autocorrelation shows the relationship between Dicks Sporting stock current value and its past values and can show if there is a momentum factor associated with investing in Dicks Sporting Goods.
 Regressed Prices 
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      Timeline 

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 Dicks Sporting Hype Analysis, Dicks Sporting Correlation, Dicks Sporting Valuation, Dicks Sporting Volatility, as well as analyze Dicks Sporting Alpha and Beta and Dicks Sporting Performance. 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 Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.

Complementary Tools for Dicks Stock analysis

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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Dicks Sporting technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Dicks Sporting technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Dicks Sporting trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...