Dicks Sporting Goods Stock Market Value

DKS Stock  USD 224.86  2.27  1.02%   
Dicks Sporting's market value is the price at which a share of Dicks Sporting trades on a public exchange. It measures the collective expectations of Dicks Sporting Goods investors about its performance. Dicks Sporting is selling for under 224.86 as of the 29th of March 2024; that is 1.02 percent up since the beginning of the trading day. The stock's lowest day price was 222.12.
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. Check out Dicks Sporting Correlation, Dicks Sporting Volatility and Dicks Sporting Alpha and Beta module to complement your research on Dicks Sporting.
Symbol

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
0.371
Dividend Share
4
Earnings Share
11.24
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.
0.00
04/09/2022
No Change 0.00  0.0 
In 1 year 11 months and 21 days
03/29/2024
0.00
If you would invest  0.00  in Dicks Sporting on April 9, 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 720 days. Dicks Sporting is related to or competes with Inter Parfums, Estee Lauder, Teleflex Incorporated, Timken, Hillman Solutions, and Viemed Healthcare. 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, 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.
Hype
Prediction
LowEstimatedHigh
222.46224.86227.26
Details
Intrinsic
Valuation
LowRealHigh
202.37239.66242.06
Details
Naive
Forecast
LowNextHigh
224.34226.75229.15
Details
27 Analysts
Consensus
LowTargetHigh
121.49133.50148.19
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 toward taking a position in Dicks Sporting Goods.

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 0.31, which denotes the company had a 0.31% 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 0.75% is justified by implied risk. Please utilize Dicks Sporting's Downside Deviation of 1.44, mean deviation of 1.31, and Semi Deviation of 0.84 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 23. The firm shows a Beta (market volatility) of 0.76, which means possible diversification benefits within a given portfolio. As returns on the market increase, Dicks Sporting's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dicks Sporting is expected to be smaller as well. Please check Dicks Sporting's maximum drawdown, and the relationship between the information ratio and expected short fall , to make a quick decision on whether Dicks Sporting's price patterns will revert.

Auto-correlation

    
  0.54  

Modest predictability

Dicks Sporting Goods has modest predictability. Overlapping area represents the amount of predictability between Dicks Sporting time series from 9th of April 2022 to 4th of April 2023 and 4th of April 2023 to 29th of March 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 0.54 indicates that about 54.0% of current Dicks Sporting price fluctuation can be explain by its past prices.
Correlation Coefficient0.54
Spearman Rank Test0.44
Residual Average0.0
Price Variance646.87

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  

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 market does not have solid backing from leading economists and market statisticians.
Investor biases related to Dicks Sporting's public news can be used to forecast risks associated with an 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 equities 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 estimated score, the more favorable is the investor's outlook on Dicks Sporting.

Dicks Sporting Implied Volatility

    
  24.66  
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.

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.

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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.
Pair CorrelationCorrelation Matching
When determining whether Dicks Sporting Goods is a strong investment it is important to analyze Dicks Sporting's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Dicks Sporting's future performance. For an informed investment choice regarding Dicks Stock, refer to the following important reports:
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 Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.

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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...