Dicks Intangible Assets vs Common Stock Analysis
DKS Stock | USD 191.13 2.60 1.34% |
Dicks Sporting financial indicator trend analysis is much more than just examining Dicks Sporting Goods latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Dicks Sporting Goods is a good investment. Please check the relationship between Dicks Sporting Intangible Assets and its Common Stock accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dicks Sporting Goods. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry.
Intangible Assets vs Common Stock
Intangible Assets vs Common Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Dicks Sporting Goods Intangible Assets account and Common Stock. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Dicks Sporting's Intangible Assets and Common Stock is -0.25. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Common Stock in the same time period over historical financial statements of Dicks Sporting Goods, assuming nothing else is changed. The correlation between historical values of Dicks Sporting's Intangible Assets and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Intangible Assets of Dicks Sporting Goods are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Intangible Assets i.e., Dicks Sporting's Intangible Assets and Common Stock go up and down completely randomly.
Correlation Coefficient | -0.25 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.Common Stock
Most indicators from Dicks Sporting's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Dicks Sporting Goods current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dicks Sporting Goods. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry. Selling General Administrative is likely to gain to about 2.8 B in 2024, whereas Tax Provision is likely to drop slightly above 249.3 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 4.7B | 4.3B | 4.5B | 4.8B | Total Revenue | 12.3B | 12.4B | 13.0B | 13.6B |
Dicks Sporting fundamental ratios Correlations
Click cells to compare fundamentals
Dicks Sporting Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Dicks Sporting fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 6.6B | 7.8B | 9.0B | 9.0B | 10.2B | 10.7B | |
Total Stockholder Equity | 1.7B | 2.3B | 2.1B | 2.5B | 2.6B | 1.3B | |
Non Current Assets Total | 4.2B | 4.0B | 3.9B | 4.0B | 5.3B | 5.5B | |
Non Currrent Assets Other | 133.9M | 155.6M | 202.9M | 230.2M | 129.0M | 111.4M | |
Other Assets | 148.3M | 207.1M | 237.9M | 271.4M | 312.2M | 327.8M | |
Common Stock Shares Outstanding | 89.1M | 92.6M | 109.6M | 99.3M | 85.9M | 107.2M | |
Liabilities And Stockholders Equity | 6.6B | 7.8B | 9.0B | 9.0B | 10.2B | 10.7B | |
Non Current Liabilities Total | 2.8B | 2.9B | 4.2B | 3.8B | 4.8B | 5.0B | |
Inventory | 2.2B | 2.0B | 2.3B | 2.8B | 2.8B | 3.0B | |
Other Stockholder Equity | (914.4M) | (726.0M) | (1.9B) | (2.4B) | (3.0B) | (2.8B) | |
Total Liab | 4.9B | 5.4B | 6.9B | 6.5B | 7.5B | 7.9B | |
Total Current Assets | 2.4B | 3.8B | 5.1B | 5.0B | 4.9B | 5.1B | |
Other Current Liab | 426.0M | 559.1M | 633.6M | 658.0M | 722.6M | 758.7M | |
Total Current Liabilities | 2.1B | 2.6B | 2.7B | 2.6B | 2.8B | 2.9B | |
Other Liab | 140.4M | 183.6M | 197.5M | 167.7M | 192.9M | 293.4M | |
Accounts Payable | 1.0B | 1.3B | 1.3B | 1.2B | 1.3B | 644.5M | |
Cash | 69.3M | 1.7B | 2.6B | 1.9B | 1.8B | 1.9B | |
Long Term Debt | 224.1M | 418.5M | 1.9B | 1.5B | 1.5B | 1.6B | |
Other Current Assets | 79.5M | 88.5M | 95.6M | 128.4M | 121.0M | 84.1M | |
Common Stock | 836K | 849K | 756K | 821K | 804K | 924.3K | |
Property Plant Equipment | 1.4B | 3.5B | 3.4B | 3.5B | 4.0B | 4.2B | |
Short Long Term Debt Total | 3.1B | 3.2B | 4.5B | 4.2B | 4.3B | 4.5B | |
Property Plant And Equipment Net | 3.7B | 3.5B | 3.4B | 3.5B | 3.9B | 4.1B | |
Current Deferred Revenue | 226.0M | 260.3M | 317.4M | 230.6M | 248.2M | 162.7M | |
Net Debt | 3.0B | 1.5B | 1.9B | 2.3B | 2.5B | 2.6B | |
Retained Earnings | 2.6B | 3.1B | 4.0B | 4.9B | 5.6B | 5.9B | |
Cash And Short Term Investments | 69.3M | 1.7B | 2.6B | 1.9B | 1.8B | 1.9B | |
Net Receivables | 58.9M | 59.5M | 70.2M | 79.5M | 119.0M | 60.9M | |
Short Term Debt | 423.0M | 472.7M | 480.3M | 546.8M | 492.9M | 517.5M | |
Common Stock Total Equity | 1.0M | 938K | 836K | 849K | 976.4K | 1.0M | |
Property Plant And Equipment Gross | 3.7B | 3.5B | 3.4B | 3.5B | 7.0B | 7.3B | |
Intangible Assets | 94.8M | 90.1M | 86.8M | 60.4M | 56.7M | 78.6M | |
Net Tangible Assets | 1.4B | 2.0B | 1.8B | 2.2B | 2.6B | 1.7B | |
Long Term Debt Total | 224.1M | 418.5M | 1.9B | 1.5B | 1.8B | 1.9B | |
Capital Surpluse | 1.3B | 1.4B | 1.5B | 1.4B | 1.6B | 1.2B |
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 against Dicks Stock
0.67 | DXLG | Destination XL Group Financial Report 23rd of May 2024 | PairCorr |
0.67 | GCO | Genesco Financial Report 23rd of May 2024 | PairCorr |
0.64 | AAN | Aarons | PairCorr |
0.64 | BGI | Birks Group | PairCorr |
0.53 | BIG | Big Lots Financial Report 24th of May 2024 | 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dicks Sporting Goods. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
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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 0.37 | Dividend Share 4 | Earnings Share 12.19 | 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.