Deckers Outdoor Stock Market Value
| DECK Stock | USD 842.34 19.51 2.26% |
| Symbol | Deckers |
Deckers Outdoor Price To Book Ratio
Is Deckers Outdoor'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 Deckers Outdoor. If investors know Deckers 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 Deckers Outdoor 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 0.442 | Earnings Share 27.67 | Revenue Per Share 158.194 | Quarterly Revenue Growth 0.16 | Return On Assets 0.1808 |
The market value of Deckers Outdoor is measured differently than its book value, which is the value of Deckers that is recorded on the company's balance sheet. Investors also form their own opinion of Deckers Outdoor's value that differs from its market value or its book value, called intrinsic value, which is Deckers Outdoor'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 Deckers Outdoor's market value can be influenced by many factors that don't directly affect Deckers Outdoor'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 Deckers Outdoor's value and its price as these two are different measures arrived at by different means. Investors typically determine if Deckers Outdoor is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Deckers Outdoor'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.
Deckers Outdoor '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 Deckers Outdoor'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 Deckers Outdoor.
| 04/07/2024 |
| 05/07/2024 |
If you would invest 0.00 in Deckers Outdoor on April 7, 2024 and sell it all today you would earn a total of 0.00 from holding Deckers Outdoor or generate 0.0% return on investment in Deckers Outdoor over 30 days. Deckers Outdoor is related to or competes with Designer Brands, and Adidas AG. Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and ac... More
Deckers Outdoor 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 Deckers Outdoor'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 Deckers Outdoor upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.34 | |||
| Information Ratio | 0.0483 | |||
| Maximum Drawdown | 20.78 | |||
| Value At Risk | (3.20) | |||
| Potential Upside | 2.69 |
Deckers Outdoor Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Deckers Outdoor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Deckers Outdoor's standard deviation. In reality, there are many statistical measures that can use Deckers Outdoor historical prices to predict the future Deckers Outdoor's volatility.| Risk Adjusted Performance | 0.0559 | |||
| Jensen Alpha | 0.223 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0536 | |||
| Treynor Ratio | (0.39) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Deckers Outdoor'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.
Deckers Outdoor Backtested Returns
We consider Deckers Outdoor very steady. Deckers Outdoor secures Sharpe Ratio (or Efficiency) of 0.0184, which denotes the company had a 0.0184% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Deckers Outdoor, which you can use to evaluate the volatility of the firm. Please confirm Deckers Outdoor's Mean Deviation of 1.59, semi deviation of 2.04, and Downside Deviation of 2.34 to check if the risk estimate we provide is consistent with the expected return of 0.035%. Deckers Outdoor has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.49, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Deckers Outdoor are expected to decrease at a much lower rate. During the bear market, Deckers Outdoor is likely to outperform the market. Deckers Outdoor right now shows a risk of 1.9%. Please confirm Deckers Outdoor treynor ratio, expected short fall, and the relationship between the jensen alpha and potential upside , to decide if Deckers Outdoor will be following its price patterns.
Auto-correlation | -0.47 |
Modest reverse predictability
Deckers Outdoor has modest reverse predictability. Overlapping area represents the amount of predictability between Deckers Outdoor time series from 7th of April 2024 to 22nd of April 2024 and 22nd of April 2024 to 7th of May 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 Deckers Outdoor price movement. The serial correlation of -0.47 indicates that about 47.0% of current Deckers Outdoor price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.47 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 258.51 |
Deckers Outdoor lagged returns against current returns
Autocorrelation, which is Deckers Outdoor 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 Deckers Outdoor's stock expected returns. We can calculate the autocorrelation of Deckers Outdoor returns to help us make a trade decision. For example, suppose you find that Deckers Outdoor 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 |
Deckers Outdoor 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 Deckers Outdoor stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Deckers Outdoor stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Deckers Outdoor stock over time.
Current vs Lagged Prices |
| Timeline |
Deckers Outdoor Lagged Returns
When evaluating Deckers Outdoor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Deckers Outdoor stock have on its future price. Deckers Outdoor 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, Deckers Outdoor autocorrelation shows the relationship between Deckers Outdoor stock current value and its past values and can show if there is a momentum factor associated with investing in Deckers Outdoor.
Regressed Prices |
| Timeline |
Deckers Outdoor Investors Sentiment
The influence of Deckers Outdoor'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 Deckers. 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 Deckers Outdoor's public news can be used to forecast risks associated with an investment in Deckers. The trend in average sentiment can be used to explain how an investor holding Deckers can time the market purely based on public headlines and social activities around Deckers Outdoor. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Deckers Outdoor'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 Deckers Outdoor'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 Deckers Outdoor's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Deckers Outdoor.
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 Deckers Outdoor 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, Deckers Outdoor's short interest history, or implied volatility extrapolated from Deckers Outdoor options trading.
Pair Trading with Deckers Outdoor
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 Deckers Outdoor 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 Deckers Outdoor will appreciate offsetting losses from the drop in the long position's value.Moving together with Deckers Stock
| 0.77 | AS | Amer Sports | PairCorr |
| 0.74 | BC | Brunswick | PairCorr |
| 0.73 | RL | Ralph Lauren Corp Financial Report 23rd of May 2024 | PairCorr |
The ability to find closely correlated positions to Deckers Outdoor could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Deckers Outdoor 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 Deckers Outdoor - 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 Deckers Outdoor to buy it.
The correlation of Deckers Outdoor 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 Deckers Outdoor moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Deckers Outdoor 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 Deckers Outdoor 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 Deckers Outdoor Correlation, Deckers Outdoor Volatility and Deckers Outdoor Alpha and Beta module to complement your research on Deckers Outdoor. For more information on how to buy Deckers Stock please use our How to buy in Deckers Stock guide.Note that the Deckers Outdoor information on this page should be used as a complementary analysis to other Deckers Outdoor'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 the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Complementary Tools for Deckers Stock analysis
When running Deckers Outdoor's price analysis, check to measure Deckers Outdoor'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 Deckers Outdoor is operating at the current time. Most of Deckers Outdoor's value examination focuses on studying past and present price action to predict the probability of Deckers Outdoor's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Deckers Outdoor's price. Additionally, you may evaluate how the addition of Deckers Outdoor to your portfolios can decrease your overall portfolio volatility.
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Deckers Outdoor 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.