Dicks Sporting Goods Stock Beta
| DKS Stock | USD 204.21 1.27 0.62% |
Dicks Sporting Goods fundamentals help investors to digest information that contributes to Dicks Sporting's financial success or failures. It also enables traders to predict the movement of Dicks Stock. The fundamental analysis module provides a way to measure Dicks Sporting's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Dicks Sporting stock.
Dicks | Beta |
Dicks Sporting Goods Company Beta Analysis
Dicks Sporting's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Dicks Sporting Beta | 1.62 |
Most of Dicks Sporting's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Dicks Sporting Goods is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Dicks Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Dicks Sporting is extremely important. It helps to project a fair market value of Dicks Stock properly, considering its historical fundamentals such as Beta. Since Dicks Sporting's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Dicks Sporting's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Dicks Sporting's interrelated accounts and indicators.
Click cells to compare fundamentals
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Dicks Sporting Goods has a Beta of 1.615. This is 92.26% higher than that of the Specialty Retail sector and 19.63% higher than that of the Consumer Discretionary industry. The beta for all United States stocks is notably lower than that of the firm.
Dicks Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Dicks Sporting's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. 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 of similar companies.Dicks Sporting is currently under evaluation in beta category among related companies.
Dicks Sporting ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Dicks Sporting's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Dicks Sporting's managers, analysts, and investors.Environment Score | Governance Score | Social Score |
Dicks Sporting Institutional Holders
Institutional Holdings refers to the ownership stake in Dicks Sporting that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Dicks Sporting's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Dicks Sporting's value.| Shares | Dimensional Fund Advisors, Inc. | 2023-12-31 | 807.2 K | Alliancebernstein L.p. | 2023-12-31 | 805.7 K | Bank Of New York Mellon Corp | 2023-12-31 | 804.4 K | Norges Bank | 2023-12-31 | 741.1 K | Tensile Capital Management Llc | 2023-09-30 | 715.6 K | Renaissance Technologies Corp | 2023-12-31 | 691.7 K | Hs Management Partners, Llc | 2024-03-31 | 553.7 K | Northern Trust Corp | 2023-12-31 | 549 K | Gilder Gagnon Howe & Co Llc | 2023-12-31 | 539.5 K | Fmr Inc | 2023-12-31 | 8.7 M | Blackrock Inc | 2023-12-31 | 6.3 M |
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Dicks Sporting will likely underperform.
Dicks Fundamentals
| Return On Equity | 0.41 | ||||
| Return On Asset | 0.0934 | ||||
| Profit Margin | 0.08 % | ||||
| Operating Margin | 0.10 % | ||||
| Current Valuation | 19.4 B | ||||
| Shares Outstanding | 58.88 M | ||||
| Shares Owned By Insiders | 4.01 % | ||||
| Shares Owned By Institutions | 98.88 % | ||||
| Number Of Shares Shorted | 6.08 M | ||||
| Price To Earning | 10.41 X | ||||
| Price To Book | 6.40 X | ||||
| Price To Sales | 1.29 X | ||||
| Revenue | 12.98 B | ||||
| Gross Profit | 4.28 B | ||||
| EBITDA | 1.77 B | ||||
| Net Income | 1.05 B | ||||
| Cash And Equivalents | 1.92 B | ||||
| Cash Per Share | 17.24 X | ||||
| Total Debt | 4.26 B | ||||
| Debt To Equity | 1.74 % | ||||
| Current Ratio | 1.80 X | ||||
| Book Value Per Share | 32.55 X | ||||
| Cash Flow From Operations | 1.53 B | ||||
| Short Ratio | 3.55 X | ||||
| Earnings Per Share | 12.18 X | ||||
| Price To Earnings To Growth | 3.83 X | ||||
| Target Price | 226.86 | ||||
| Number Of Employees | 18.9 K | ||||
| Beta | 1.62 | ||||
| Market Capitalization | 16.94 B | ||||
| Total Asset | 10.16 B | ||||
| Retained Earnings | 5.59 B | ||||
| Working Capital | 2.14 B | ||||
| Current Asset | 1.81 B | ||||
| Current Liabilities | 1.19 B | ||||
| Annual Yield | 0.02 % | ||||
| Five Year Return | 2.20 % | ||||
| Net Asset | 10.16 B | ||||
| Last Dividend Paid | 4.0 |
About Dicks Sporting Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Dicks Sporting Goods's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Dicks Sporting using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Dicks Sporting Goods based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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 | 51.57 |
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
| 0.87 | DIBS | 1StdibsCom Financial Report 8th of May 2024 | PairCorr |
| 0.86 | JD | JD Inc Adr Aggressive Push | PairCorr |
Moving against Dicks Stock
| 0.86 | BGI | Birks Group | PairCorr |
| 0.83 | LL | LL Flooring Holdings | PairCorr |
| 0.83 | AAN | Aarons | PairCorr |
| 0.68 | ETSY | Etsy Inc Earnings Call This Week | PairCorr |
| 0.66 | EXPE | Expedia Group Earnings Call This Week | 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 Dicks Sporting Piotroski F Score and Dicks Sporting Altman Z Score analysis. You can also try the AI Investment Finder module to use AI to screen and filter profitable investment opportunities.
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.
| AI Investment Finder Use AI to screen and filter profitable investment opportunities | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
| ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk |
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 12.18 | 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.