Dicks Sporting Stock Forecast - Accumulation Distribution
| DKS Stock | USD 198.53 4.60 2.26% |
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. We recommend always using this module together with an analysis of Dicks Sporting's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Dicks Sporting's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Dicks Sporting's 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 2024-04-19 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 in Dicks Sporting's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Dicks Sporting stock based on available contracts left at the end of a trading day.
Please note that 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.
The accumulation distribution (A/D) indicator shows the degree to which Dicks Sporting is accumulated by the market over a given period. It uses the quote sensitivity to the highest or lowest daily price of Dicks Sporting Goods to determine if accumulation or reduction is taking place in the market. This value is adjusted by Dicks Sporting trading volume to give more weight to distributions with higher volume over lower volume.| Previous Accumulation Distribution | Accumulation Distribution | Trend |
| 42542.22 | 84950.97 |
| Check Dicks Sporting Volatility | Backtest Dicks Sporting | Trend Details |
Dicks Sporting Trading Date Momentum
| On September 22 2022 Dicks Sporting Goods was traded for 102.39 at the closing time. Highest Dicks Sporting's price during the trading hours was 108.50 and the lowest price during the day was 102.39 . The net volume was 2.1 M. The overall trading history on the 22nd of September contributed to the next trading period price depreciation. The overall trading delta to the next next day price was 1.77% . The overall trading delta to current price is 0.19% . |
Accumulation distribution indicator can signal that a trend is either nearing completion, at a continuation, or is about to break-outs. The actual value of this indicator is of no significance. What is significant is the change in value of over time. The formula for A/D of a given trading day can be expressed as follow: ((Close - Low) - (High - Close)) / (High - Low) X Volume
| Compare Dicks Sporting to competition |
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 | 0.0451 | |||
| Daily Balance Of Power | (0.49) | |||
| Rate Of Daily Change | 0.98 | |||
| Day Median Price | 202.82 | |||
| Day Typical Price | 201.39 | |||
| Market Facilitation Index | 9.35 | |||
| Price Action Indicator | (6.58) | |||
| Period Momentum Indicator | (4.60) |
Dicks Sporting Risk Indicators
The analysis of Dicks Sporting's basic risk indicators is one of the essential steps in accurately forecasting 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 essential techniques for forecasting dicks stock prices, 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 | 1.4 | |||
| Semi Deviation | 0.927 | |||
| Standard Deviation | 2.37 | |||
| Variance | 5.6 | |||
| Downside Variance | 1.78 | |||
| Semi Variance | 0.8593 | |||
| Expected Short fall | (1.77) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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 | 51.11 |
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.Moving together with Dicks Stock
| 0.65 | M | Macys Inc Financial Report 6th of June 2024 | PairCorr |
| 0.84 | W | Wayfair Financial Report 2nd of May 2024 | PairCorr |
| 0.88 | DIBS | 1StdibsCom Financial Report 8th of May 2024 | PairCorr |
| 0.92 | AN | AutoNation Financial Report 18th of April 2024 | PairCorr |
Moving against Dicks Stock
| 0.87 | DXLG | Destination XL Group Financial Report 23rd of May 2024 | PairCorr |
| 0.86 | LL | LL Flooring Holdings | PairCorr |
| 0.83 | WOOF | Pet Acquisition LLC Financial Report 22nd of May 2024 | PairCorr |
| 0.81 | BQ | Boqii Holding Limited | PairCorr |
| 0.68 | VSCO | Victorias Secret Financial Report 29th 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 Historical Fundamental Analysis of Dicks Sporting to cross-verify your projections. You can also try the Stocks Directory module to find actively traded stocks across global markets.
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 0.37 | 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.