Dicks Sporting Goods Stock Market Value
| DKS Stock | USD 205.48 0.61 0.30% |
| Symbol | Dicks |
Dicks Sporting Goods Price To Book Ratio
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 0.37 | Dividend Share 4 | Earnings Share 12.18 | Revenue Per Share 157.765 | Quarterly Revenue Growth 0.078 |
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 if Dicks Sporting is a good investment 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.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Dicks Sporting on March 26, 2024 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 30 days. Dicks Sporting is related to or competes with Target, Lowes Companies, Kohls Corp, Gap, and Walmart. 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.
| Downside Deviation | 1.33 | |||
| Information Ratio | 0.1906 | |||
| Maximum Drawdown | 18.16 | |||
| Value At Risk | (2.26) | |||
| Potential Upside | 3.02 |
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.| Risk Adjusted Performance | 0.151 | |||
| Jensen Alpha | 0.4595 | |||
| Total Risk Alpha | 0.2144 | |||
| Sortino Ratio | 0.3453 | |||
| Treynor Ratio | 0.5542 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that 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.
Dicks Sporting Goods Backtested Returns
Dicks Sporting appears to be very steady, given 3 months investment horizon. Dicks Sporting Goods secures Sharpe Ratio (or Efficiency) of 0.21, which denotes the company had a 0.21% return per unit of standard deviation over the last 3 months. By reviewing Dicks Sporting's technical indicators, you can evaluate if the expected return of 0.51% is justified by implied risk. Please utilize Dicks Sporting's Semi Deviation of 0.904, mean deviation of 1.45, and Downside Deviation of 1.33 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Dicks Sporting holds a performance score of 16. The firm shows a Beta (market volatility) of 0.98, which means possible diversification benefits within a given portfolio. Dicks Sporting returns are very sensitive to returns on the market. As the market goes up or down, Dicks Sporting is expected to follow. Please check Dicks Sporting's standard deviation, expected short fall, relative strength index, as well as the relationship between the maximum drawdown and rate of daily change , to make a quick decision on whether Dicks Sporting's price patterns will revert.
Auto-correlation | 0.27 |
Poor predictability
Dicks Sporting Goods has poor predictability. Overlapping area represents the amount of predictability between Dicks Sporting time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th of April 2024. 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 0.27 indicates that nearly 27.0% of current Dicks Sporting price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 20.28 |
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 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 price movement to match the lagging time series.
Current and Lagged Values |
| 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 |
| 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 |
| Timeline |
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.Moving together with Dicks Stock
| 0.87 | DIBS | 1StdibsCom Financial Report 8th of May 2024 | PairCorr |
| 0.87 | JD | JD Inc Adr Aggressive Push | PairCorr |
Moving against Dicks Stock
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| 0.67 | EXPE | Expedia Group Earnings Call This Week | PairCorr |
| 0.66 | ETSY | Etsy Inc Earnings Call This Week | PairCorr |
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 instruments. 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.Check out Dicks Sporting Correlation, Dicks Sporting Volatility and Dicks Sporting Alpha and Beta module to complement your research on Dicks Sporting. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Complementary Tools for Dicks Stock analysis
When running Dicks Sporting's 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 the 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.