Dicks Sporting Stock Forecast - Polynomial Regression
| DKS Stock | USD 121.42 1.86 1.51% |
Dicks Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Dicks Sporting stock prices and determine the direction of Dicks Sporting Goods's future trends based on various well-known forecasting models. However, solely looking at the historical price movement is usually misleading. Macroaxis recommends to always use this module together with analysis of Dicks Sporting historical fundamentals such as revenue growth or operating cash flow patterns. Although Dicks Sporting naive historical forecasting may sometimes provide an important future outlook for the firm we recommend to always cross-verify it against solid analysis of Dicks Sporting Goods systematic risk associated with finding meaningful patterns of Dicks Sporting fundamentals over time.
Check out Historical Fundamental Analysis of Dicks Sporting to cross-verify your projections. Dicks |
Open Interest Against 2023-12-01 Dicks Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Dicks Sporting's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest Dicks Sporting's options reflect these daily shifts, investors could use the patterns of these changes to develop long and short trading strategies Dicks Sporting stock based on available contracts left at the end of a trading day.
Please note, to derive more accurate forecasting about market movement from the current Dicks Sporting's open interest, investors have to compare it to Dicks Sporting's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Dicks Sporting is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Dicks. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Dicks Sporting cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Dicks Sporting's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Dicks Sporting's price structures and extracts relationships that further increase the generated results' accuracy.
Dicks Sporting polinomial regression implements a single variable polynomial regression model using the daily prices as the independent variable. The coefficients of the regression for Dicks Sporting Goods as well as the accuracy indicators are determined from the period prices. Dicks Sporting Polynomial Regression Price Forecast For the 29th of November
Given 90 days horizon, the Polynomial Regression forecasted value of Dicks Sporting Goods on the next trading day is expected to be 125.31 with a mean absolute deviation of 2.05, mean absolute percentage error of 5.96, and the sum of the absolute errors of 127.40.Please note that although there have been many attempts to predict Dicks Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Dicks Sporting's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Dicks Sporting Stock Forecast Pattern
| Backtest Dicks Sporting | Dicks Sporting Price Prediction | Buy or Sell Advice |
Dicks Sporting Forecasted Value
In the context of forecasting Dicks Sporting's Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Dicks Sporting's downside and upside margins for the forecasting period are 123.38 and 127.24, respectively. We have considered Dicks Sporting's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Polynomial Regression forecasting method's relative quality and the estimations of the prediction error of Dicks Sporting stock data series using in forecasting. Note that when a statistical model is used to represent Dicks Sporting stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | 121.7337 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 2.0549 |
| MAPE | Mean absolute percentage error | 0.0187 |
| SAE | Sum of the absolute errors | 127.4041 |
Predictive Modules for Dicks Sporting
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Dicks Sporting Goods. Regardless of method or technology, however, to accurately forecast the stock or bond market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.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.
Other Forecasting Options for Dicks Sporting
For every potential investor in Dicks, whether a beginner or expert, Dicks Sporting's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Dicks Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Dicks. Basic forecasting techniques help filter out the noise by identifying Dicks Sporting's price trends.Dicks Sporting Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Dicks Sporting stock to make a market-neutral strategy. Peer analysis of Dicks Sporting could also be used in its relative valuation, which is a method of valuing Dicks Sporting by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Dicks Sporting Goods Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Dicks Sporting's price movements, , a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Dicks Sporting's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Dicks Sporting Market Strength Events
Market strength indicators help investors to evaluate how Dicks Sporting stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Dicks Sporting shares will generate the highest return on investment. By undertsting and applying Dicks Sporting stock market strength indicators, traders can identify Dicks Sporting Goods entry and exit signals to maximize returns.
| Accumulation Distribution | 38410.6 | |||
| Daily Balance Of Power | (0.72) | |||
| Rate Of Daily Change | 0.98 | |||
| Day Median Price | 121.14 | |||
| Day Typical Price | 121.23 | |||
| Price Action Indicator | (0.65) |
Dicks Sporting Risk Indicators
The analysis of Dicks Sporting's basic risk indicators is one of the essential steps in helping accuretelly forecast its future price. The process involves identifying the amount of risk involved in Dicks Sporting's investment and either accepting that risk or mitigating it. Along with some funamental techniques of forecasting Dicks Sporting stock price, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.54 | |||
| Semi Deviation | 1.7 | |||
| Standard Deviation | 1.95 | |||
| Variance | 3.81 | |||
| Downside Variance | 3.3 | |||
| Semi Variance | 2.9 | |||
| Expected Short fall | (1.68) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stock investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Dicks Sporting without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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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
| + | 0.67 | M | Macys Inc | Aggressive Push | PairCorr |
Moving against Dicks Stock
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.Check out Historical Fundamental Analysis of Dicks Sporting to cross-verify your projections. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
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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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 (0.025) | Dividend Share 3.488 | Earnings Share 11.3 | Revenue Per Share 153.956 | Quarterly Revenue Growth 0.028 |
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.