Dicks Sporting Net Worth

Dicks Sporting Net Worth Breakdown

  DKS
The net worth of Dicks Sporting Goods is the difference between its total assets and liabilities. Dicks Sporting's net worth represents the value of the company's equity or ownership interest. In other words, it is the amount of money that would be left over if all of Dicks Sporting's assets were sold and all of its debts were paid off. Net worth is sometimes referred to as shareholder's equity or book value. Dicks Sporting's net worth can be used as a measure of its financial health and stability which can help investors to decide if Dicks Sporting is a good investment. It is also essential in determining the company's creditworthiness and ability to secure financing before investing in Dicks Sporting Goods stock.

Dicks Sporting Net Worth Analysis

Dicks Sporting's net worth analysis, or its valuation, is the process of determining the total value of the company. This involves assessing a range of factors, including Dicks Sporting's financial performance, assets, liabilities, and potential for growth. The ultimate goal is to provide a clear understanding of Dicks Sporting's overall worth, which can help investors make informed investment decisions. There are several methods that can be used to perform Dicks Sporting's net worth analysis. One common approach is to calculate Dicks Sporting's market capitalization.Another approach is to use the price-to-earnings ratio (P/E ratio), which compares Dicks Sporting's stock price to its earnings per share (EPS). Discounted cash flow (DCF) analysis is another popular method for assessing Dicks Sporting's net worth. This approach calculates the present value of Dicks Sporting's future cash flows, taking into account factors such as growth rate, profitability, and risk. By comparing the present value of Dicks Sporting's cash flows to its current stock price, investors can gain a better understanding of the company's overall value. Finally, investors may use comparable company analysis to evaluate Dicks Sporting's net worth. This involves comparing Dicks Sporting's financial metrics to similar companies in the same industry. By identifying companies with similar financial characteristics, investors can gain insight into Dicks Sporting's net worth relative to its peers.
To determine if Dicks Sporting is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Dicks Sporting's net worth research are outlined below:
Over 96.0% of the company shares are held by institutions such as insurance companies
Latest headline from accesswire.com: Levi Korsinsky Notifies DICKs Sporting Goods Investors of a Class Action Lawsuit and Upcoming Deadline - DKS

Dicks Sporting Quarterly Good Will

245.86 Million

Dicks Sporting uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Dicks Sporting Goods. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Dicks Sporting's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
5th of March 2024
Upcoming Quarterly Report
View
28th of May 2024
Next Financial Report
View
31st of January 2024
Next Fiscal Quarter End
View
5th of March 2024
Next Fiscal Year End
View
31st of October 2023
Last Quarter Report
View
31st of January 2023
Last Financial Announcement
View

Dicks Sporting Target Price Consensus

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Dicks target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Dicks Sporting's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
   27  Buy
Most Dicks analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Dicks stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Dicks Sporting Goods, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice   Exposure   Valuation

Dicks Sporting Target Price Projection

Dicks Sporting's current and average target prices are 179.72 and 133.50, respectively. The current price of Dicks Sporting is the price at which Dicks Sporting Goods is currently trading. On the other hand, Dicks Sporting's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.

Current Price

Dicks Sporting Market Quote on 5th of March 2024

Low Price177.71Odds
High Price180.91Odds

179.72

Target Price

Analyst Consensus On Dicks Sporting Target Price

Low Estimate121.49Odds
High Estimate148.19Odds

133.5

Historical Lowest Forecast  121.49 Target Price  133.5 Highest Forecast  148.19
Note that most analysts generally publish their price targets in research reports on specific companies, along with recommendations for the company's stock.Although price targets are often quoted in the financial news media, there could be a delay between the publication of the latest analyst outlook on Dicks Sporting Goods and the information provided on this page.

Know Dicks Sporting's Top Institutional Investors

Have you ever been surprised when a price of an equity instrument such as Dicks Sporting is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Dicks Sporting Goods backward and forwards among themselves. Dicks Sporting's institutional investor refers to the entity that pools money to purchase Dicks Sporting's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Shares
Dimensional Fund Advisors, Inc.2023-12-31
807.2 K
Marshall Wace Asset Management Ltd2023-09-30
796.1 K
Aqr Capital Management Llc2023-09-30
789.5 K
Pacer Advisors, Inc.2023-09-30
782.4 K
Bank Of New York Mellon Corp2023-09-30
758.3 K
Norges Bank2023-12-31
741.1 K
Tensile Capital Management Llc2023-09-30
715.6 K
Barclays Plc2023-09-30
593 K
Northern Trust Corp2023-09-30
552.6 K
Fmr Inc2023-09-30
9.2 M
Blackrock Inc2023-09-30
6.5 M
Note, although Dicks Sporting's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Follow Dicks Sporting's market capitalization trends

The company currently falls under 'Large-Cap' category with a total capitalization of 14.82 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Dicks Sporting's market, we take the total number of its shares issued and multiply it by Dicks Sporting's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.

Project Dicks Sporting's profitablity

Dicks Sporting's profitability indicators refer to fundamental financial ratios that showcase Dicks Sporting's ability to generate income relative to its revenue or operating costs. If, let's say, Dicks Sporting is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Dicks Sporting's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Dicks Sporting's profitability requires more research than a typical breakdown of Dicks Sporting's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
Last ReportedProjected for 2024
Return On Capital Employed 0.24  0.16 
Return On Assets 0.10  0.06 
Return On Equity 0.19  0.15 
The company has Net Profit Margin of 0.08 %, which implies that it may need a different competitive strategy as even a very small decline in it revenue may erase profits and result in a net loss. This is way below average. In the same way, it shows Net Operating Margin of 0.11 %, which entails that for every 100 dollars of revenue, it generated $0.11 of operating income.
When accessing Dicks Sporting's net worth, it's important to look at multiple sources and consider different scenarios. For example, gross profit margin measures Dicks Sporting's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Dicks Sporting's profitability and make more informed investment decisions.
The data published in Dicks Sporting's official financial statements usually reflect Dicks Sporting's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Dicks Sporting Goods. For example, before you start analyzing numbers published by Dicks accountants, it's critical to develop an understanding of what Dicks Sporting's liquidity, profitability, and earnings quality are in the context of the Specialty Retail space in which it operates.
Please note, the presentation of Dicks Sporting's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Dicks Sporting's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Dicks Sporting's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Dicks Sporting Goods. Please utilize our Beneish M Score to check the likelihood of Dicks Sporting's management manipulating its earnings.

Evaluate Dicks Sporting's management efficiency

Dicks Sporting Goods has Return on Asset of 0.0893 % which means that on every $100 spent on assets, it made $0.0893 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.414 %, implying that it generated $0.414 on every 100 dollars invested. Dicks Sporting's management efficiency ratios could be used to measure how well Dicks Sporting manages its routine affairs as well as how well it operates its assets and liabilities. Return On Capital Employed is likely to drop to 0.16 in 2024. Return On Assets is likely to drop to 0.06 in 2024. At this time, Dicks Sporting's Total Assets are comparatively stable compared to the past year. Non Current Assets Total is likely to gain to about 4.9 B in 2024, whereas Net Tangible Assets are likely to drop slightly above 1.7 B in 2024.
Last ReportedProjected for 2024
Price Book Value Ratio 3.36  2.45 
Enterprise Value Multiple 8.05  5.50 
Price Fair Value 3.36  2.45 
The analysis of Dicks Sporting's management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze Dicks Sporting's future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of Dicks Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
Enterprise Value Revenue
1.3886
Revenue
12.7 B
Quarterly Revenue Growth
0.028
Revenue Per Share
153.956
Return On Equity
0.414
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Dicks Sporting insiders, such as employees or executives, is commonly permitted as long as it does not rely on Dicks Sporting's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Dicks Sporting insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
 
William Colombo Trustee Ua Dtd 10052020 Edward W Stack Nongrantor Trust over three months ago
Dicks Sporting exotic insider transaction detected
Dicks Sporting time-series forecasting models is one of many Dicks Sporting's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Dicks Sporting's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Dicks Sporting Earnings Estimation Breakdown

The calculation of Dicks Sporting's earning per share is based on the data from the past 12 consecutive months, used for reporting the company's financial figures. The next projected EPS of Dicks Sporting is estimated to be 3.33 with the future projection ranging from a low of 3.0625 to a high of 3.15. Please be aware that this consensus of annual earnings estimates for Dicks Sporting Goods is based on EPS before non-recurring items and includes expenses related to employee stock options.
Last Reported EPS
2.85
3.06
Lowest
Expected EPS
3.33
3.15
Highest

Dicks Sporting Earnings Projection Consensus

Suppose the current estimates of Dicks Sporting's value are higher than the current market price of the Dicks Sporting stock. In this case, investors may conclude that Dicks Sporting is overpriced and will exhibit bullish sentiment. On the other hand, if the present value is lower than the stock price, analysts may conclude that the market undervalues the equity. These scenarios may suggest that the market is not as efficient as it should be at the estimation time, and Dicks Sporting's stock will quickly adjusts to the new information provided by the consensus estimate.
Number of AnalystsHistorical AccuracyLast Reported EPSEstimated EPS for 31st of January 2024Current EPS (TTM)
3287.38%
2.85
3.33
11.14

Dicks Sporting Earnings History

Earnings estimate consensus by Dicks Sporting Goods analysts from Wall Street is used by the market to judge Dicks Sporting's stock performance. Investors also use these earnings estimates to evaluate and project the stock performance into the future in order to make their investment decisions. However, we recommend analyzing not only Dicks Sporting's upcoming profit reports and earnings-per-share forecasts but also comparing them to our different valuation methods.

Dicks Sporting Quarterly Gross Profit

1.06 Billion

At this time, Dicks Sporting's Retained Earnings are comparatively stable compared to the past year. Price Earnings To Growth Ratio is likely to gain to 3.69 in 2024, whereas Retained Earnings Total Equity is likely to drop slightly above 1.8 B in 2024. Net Income Applicable To Common Shares is likely to gain to about 1.3 B in 2024, whereas Common Stock Shares Outstanding is likely to drop slightly above 107.7 M in 2024.
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.
Hype
Prediction
LowEstimatedHigh
177.13179.72182.31
Details
Intrinsic
Valuation
LowRealHigh
177.93180.52183.11
Details
27 Analysts
Consensus
LowTargetHigh
121.49133.50148.19
Details
Earnings
Estimates (0)
LowProjected EPSHigh
3.063.333.15
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Dicks Sporting. Your research has to be compared to or analyzed against Dicks Sporting's peers to derive any actionable benefits. When done correctly, Dicks Sporting's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Dicks Sporting Goods. Note that many institutional investors and large investment bankers can move markets due to the volume of Dicks assets they manage. They also follow analysts to some degree and often drive overall investor sentiments towards Dicks Sporting. With so many stockholders watching consensus numbers, the difference between actual and projected earnings is one of the most critical factors driving Dicks Sporting's stock price in the short term.

Dicks Sporting Earnings per Share Projection vs Actual

Actual Earning per Share of Dicks Sporting refers to what the company shows during its earnings calls or quarterly reports. The Expected EPS is what analysts covering Dicks Sporting Goods predict the company's earnings will be in the future. The higher the earnings per share of Dicks Sporting, the better is its profitability. While calculating the Earning per Share, we use the weighted ratio, as the number of shares outstanding can change over time.

Dicks Sporting Estimated Months Earnings per Share

For an investor who is primarily interested in generating an income out of investing in entities such as Dicks Sporting, the EPS ratio can tell if the company is intending to increase its current dividend. Although EPS is an essential tool for investors, it should not be used in isolation. EPS of Dicks Sporting should always be considered in relation to other companies to make a more educated investment decision.

Dicks Quarterly Analyst Estimates and Surprise Metrics

Earnings surprises can significantly impact Dicks Sporting's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2023-11-21
2023-10-312.442.850.4116 
2023-08-22
2023-07-313.812.82-0.9925 
2023-05-23
2023-04-303.183.40.22
2023-03-07
2023-01-312.882.930.05
2022-11-22
2022-10-312.212.60.3917 
2022-08-23
2022-07-313.583.680.1
2022-05-25
2022-04-302.482.850.3714 
2022-03-08
2022-01-313.433.640.21
2021-11-23
2021-10-311.973.191.2261 
2021-08-25
2021-07-312.85.082.2881 
2021-05-26
2021-04-301.123.792.67238 
2021-03-09
2021-01-312.282.430.15
2020-11-24
2020-10-311.012.011.099 
2020-08-26
2020-07-311.33.121.82140 
2020-06-02
2020-04-30-0.57-1.21-0.64112 
2020-03-10
2020-01-311.221.320.1
2019-11-26
2019-10-310.380.520.1436 
2019-08-22
2019-07-311.211.260.05
2019-05-29
2019-04-300.580.620.04
2019-03-12
2019-01-311.061.070.01
2018-11-28
2018-10-310.260.390.1350 
2018-08-29
2018-07-311.061.20.1413 
2018-05-30
2018-04-300.450.590.1431 
2018-03-13
2018-01-311.21.220.02
2017-11-14
2017-10-310.260.30.0415 
2017-08-15
2017-07-3110.96-0.04
2017-05-16
2017-04-300.540.540.0
2017-03-07
2017-01-311.31.320.02
2016-11-15
2016-10-310.420.480.0614 
2016-08-16
2016-07-310.690.820.1318 
2016-05-19
2016-04-300.490.50.01
2016-03-08
2016-01-311.151.13-0.02
2015-11-17
2015-10-310.460.45-0.01
2015-08-18
2015-07-310.750.770.02
2015-05-19
2015-04-300.530.530.0
2015-03-03
2015-01-311.221.30.08
2014-11-18
2014-10-310.410.410.0
2014-08-19
2014-07-310.650.670.02
2014-05-20
2014-04-300.520.5-0.02
2014-03-11
2014-01-311.111.110.0
2013-11-19
2013-10-310.390.40.01
2013-08-20
2013-07-310.740.71-0.03
2013-05-21
2013-04-300.480.480.0
2013-03-11
2013-01-311.061.03-0.03
2012-11-13
2012-10-310.370.40.03
2012-08-14
2012-07-310.640.650.01
2012-05-15
2012-04-300.380.450.0718 
2012-03-06
2012-01-310.880.76-0.1213 
2011-11-15
2011-10-310.260.320.0623 
2011-08-16
2011-07-310.50.520.02
2011-05-17
2011-04-300.290.30.01
2011-03-08
2011-01-310.720.760.04
2010-11-16
2010-10-310.170.220.0529 
2010-08-19
2010-07-310.410.430.02
2010-05-18
2010-04-300.140.220.0857 
2010-03-09
2010-01-310.550.560.01
2009-11-19
2009-10-310.090.160.0777 
2009-08-20
2009-07-310.310.360.0516 
2009-05-19
2009-04-300.070.110.0457 
2009-03-10
2009-01-310.530.550.02
2008-11-20
2008-10-310.060.080.0233 
2008-08-21
2008-07-310.360.390.03
2008-05-22
2008-04-300.180.17-0.01
2008-03-11
2008-01-310.60.620.02
2007-11-20
2007-10-310.050.10.05100 
2007-08-21
2007-07-310.380.420.0410 
2007-05-23
2007-04-300.180.190.01
2007-03-13
2007-01-310.570.60.03
2006-11-13
2006-10-310.020.070.05250 
2006-08-15
2006-07-310.220.240.02
2006-05-16
2006-04-300.090.110.0222 
2006-03-07
2006-01-310.490.50.01
2005-11-15
2005-10-310.040.040.0
2005-08-16
2005-07-310.230.230.0
2005-05-17
2005-04-300.10.120.0220 
2005-03-07
2005-01-310.390.410.02
2004-11-18
2004-10-310.020.030.0150 
2004-08-17
2004-07-310.170.170.0
2004-05-18
2004-04-300.090.110.0222 
2004-03-11
2004-01-310.250.250.0
2003-11-18
2003-10-310.040.050.0125 
2003-08-21
2003-07-310.150.150.0
2003-05-22
2003-04-300.070.070.0
2003-03-13
2003-01-310.220.220.0

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

    
  49.63  
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 against Dicks Stock

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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.
Pair CorrelationCorrelation Matching
When determining whether Dicks Sporting Goods is a strong investment it is important to analyze Dicks Sporting's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Dicks Sporting's future performance. For an informed investment choice regarding Dicks Stock, refer to the following important reports:
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 Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.

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
(0.03)
Dividend Share
3.488
Earnings Share
11.14
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.