Duck Creek Stock Market Value

DCT
 Stock
  

USD 11.89  0.32  2.77%   

Duck Creek's market value is the price at which a share of Duck Creek stock trades on a public exchange. It measures the collective expectations of Duck Creek Technologies investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Duck Creek Technologies and determine expected loss or profit from investing in Duck Creek over a given investment horizon. Continue to Duck Creek Correlation, Duck Creek Volatility and Duck Creek Alpha and Beta module to complement your research on Duck Creek.
Symbol


Is Duck Creek'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 Duck Creek. If investors know Duck Creek 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 Duck Creek listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Duck Creek Technologies is measured differently than its book value, which is the value of Duck Creek that is recorded on the company's balance sheet. Investors also form their own opinion of Duck Creek's value that differs from its market value or its book value, called intrinsic value, which is Duck Creek'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 Duck Creek's market value can be influenced by many factors that don't directly affect Duck Creek'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 Duck Creek's value and its price as these two are different measures arrived at by different means. Investors typically determine Duck Creek value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Duck Creek'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.

Duck Creek '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 Duck Creek'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 Duck Creek.
0.00
11/07/2020
No Change 0.00  0.0 
In 1 year 10 months and 22 days
09/28/2022
0.00
If you would invest  0.00  in Duck Creek on November 7, 2020 and sell it all today you would earn a total of 0.00 from holding Duck Creek Technologies or generate 0.0% return on investment in Duck Creek over 690 days. Duck Creek is related to or competes with Microsoft Corp. Duck Creek Technologies, Inc. provides software-as-a-service core systems to the property and casualty insurance industr... More

Duck Creek 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 Duck Creek'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 Duck Creek Technologies upside and downside potential and time the market with a certain degree of confidence.

Duck Creek Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Duck Creek's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Duck Creek's standard deviation. In reality, there are many statistical measures that can use Duck Creek historical prices to predict the future Duck Creek's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Duck Creek'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 Duck Creek in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
9.0611.9614.86
Details
Intrinsic
Valuation
LowReal ValueHigh
10.7019.5022.40
Details
Naive
Forecast
LowNext ValueHigh
8.5811.4814.38
Details
10 Analysts
Consensus
LowTarget PriceHigh
35.0041.3050.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Duck Creek. Your research has to be compared to or analyzed against Duck Creek's peers to derive any actionable benefits. When done correctly, Duck Creek's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Duck Creek Technologies.

Duck Creek Technologies Backtested Returns

Duck Creek Technologies secures Sharpe Ratio (or Efficiency) of -0.11, which denotes the company had -0.11% of return per unit of standard deviation over the last 3 months. Macroaxis philosophy in predicting the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Duck Creek Technologies exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Duck Creek Technologies mean deviation of 2.34 to check the risk estimate we provide.
The firm shows a Beta (market volatility) of 0.6563, which means possible diversification benefits within a given portfolio. Let's try to break down what Duck Creek's beta means in this case. As returns on the market increase, Duck Creek returns are expected to increase less than the market. However, during the bear market, the loss on holding Duck Creek will be expected to be smaller as well. Even though it is essential to pay attention to Duck Creek Technologies historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy in predicting any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Duck Creek Technologies exposes twenty-one different technical indicators, which can help you to evaluate its performance. Duck Creek Technologies has an expected return of -0.31%. Please be advised to confirm Duck Creek Technologies standard deviation, as well as the relationship between the maximum drawdown and expected short fall to decide if Duck Creek Technologies performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.12  

Insignificant predictability

Duck Creek Technologies has insignificant predictability. Overlapping area represents the amount of predictability between Duck Creek time series from 7th of November 2020 to 18th of October 2021 and 18th of October 2021 to 28th of September 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Duck Creek Technologies price movement. The serial correlation of 0.12 indicates that less than 12.0% of current Duck Creek price fluctuation can be explain by its past prices.
Correlation Coefficient0.12
Spearman Rank Test-0.08
Residual Average0.0
Price Variance40.87

Duck Creek Technologies lagged returns against current returns

Autocorrelation, which is Duck Creek 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 Duck Creek's stock expected returns. We can calculate the autocorrelation of Duck Creek returns to help us make a trade decision. For example, suppose you find that Duck Creek stock 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 stock movement to match the lagging time series.
   Current and Lagged Values   
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       Timeline  

Duck Creek 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 Duck Creek stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Duck Creek stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Duck Creek stock over time.
   Current vs Lagged Prices   
Share
       Timeline  

Duck Creek Lagged Returns

When evaluating Duck Creek's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Duck Creek stock have on its future price. Duck Creek 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, Duck Creek autocorrelation shows the relationship between Duck Creek stock current value and its past values and can show if there is a momentum factor associated with investing in Duck Creek Technologies.
   Regressed Prices   
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       Timeline  

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 Duck Creek 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, Duck Creek's short interest history, or implied volatility extrapolated from Duck Creek options trading.

Pair Trading with Duck Creek

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 Duck Creek 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 Duck Creek will appreciate offsetting losses from the drop in the long position's value.

Moving together with Duck Creek

+0.66HPQHp Inc Fiscal Year End 22nd of November 2022 PairCorr
The ability to find closely correlated positions to Duck Creek could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Duck Creek 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 Duck Creek - 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 Duck Creek Technologies to buy it.
The correlation of Duck Creek 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 Duck Creek moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Duck Creek Technologies 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 Duck Creek 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
Continue to Duck Creek Correlation, Duck Creek Volatility and Duck Creek Alpha and Beta module to complement your research on Duck Creek. Note that the Duck Creek Technologies information on this page should be used as a complementary analysis to other Duck Creek'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 Stock Screener module to find equities using custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..

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When running Duck Creek Technologies price analysis, check to measure Duck Creek'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 Duck Creek is operating at the current time. Most of Duck Creek's value examination focuses on studying past and present price action to predict the probability of Duck Creek's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Duck Creek's price. Additionally, you may evaluate how the addition of Duck Creek to your portfolios can decrease your overall portfolio volatility.
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Duck Creek 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 Duck Creek technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Duck Creek 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...