Descartes Systems Group Stock Market Value
| DSGX Stock | USD 94.50 0.40 0.43% |
| Symbol | Descartes |
Descartes Systems Price To Book Ratio
Is Descartes Systems' 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 Descartes Systems. If investors know Descartes 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 Descartes Systems 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 0.088 | Earnings Share 1.34 | Revenue Per Share 6.735 | Quarterly Revenue Growth 0.184 | Return On Assets 0.0737 |
The market value of Descartes Systems is measured differently than its book value, which is the value of Descartes that is recorded on the company's balance sheet. Investors also form their own opinion of Descartes Systems' value that differs from its market value or its book value, called intrinsic value, which is Descartes Systems' 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 Descartes Systems' market value can be influenced by many factors that don't directly affect Descartes Systems' 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 Descartes Systems' value and its price as these two are different measures arrived at by different means. Investors typically determine if Descartes Systems is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Descartes Systems' 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.
Descartes Systems '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 Descartes Systems' 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 Descartes Systems.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Descartes Systems on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Descartes Systems Group or generate 0.0% return on investment in Descartes Systems over 30 days. Descartes Systems is related to or competes with Clearwater Analytics, Expensify, Model N, Envestnet, Enfusion, Manhattan Associates, and Tyler Technologies. The Descartes Systems Group Inc. provides cloud-based logistics and supply chain management business process solutions t... More
Descartes Systems 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 Descartes Systems' 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 Descartes Systems Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.56 | |||
| Information Ratio | 0.0235 | |||
| Maximum Drawdown | 8.54 | |||
| Value At Risk | (1.71) | |||
| Potential Upside | 2.68 |
Descartes Systems Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Descartes Systems' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Descartes Systems' standard deviation. In reality, there are many statistical measures that can use Descartes Systems historical prices to predict the future Descartes Systems' volatility.| Risk Adjusted Performance | 0.058 | |||
| Jensen Alpha | 0.0171 | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | 0.024 | |||
| Treynor Ratio | 0.0991 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Descartes Systems' 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.
Descartes Systems Backtested Returns
We consider Descartes Systems very steady. Descartes Systems secures Sharpe Ratio (or Efficiency) of 0.0578, which denotes the company had a 0.0578% return per unit of risk over the last 3 months. We have found thirty technical indicators for Descartes Systems Group, which you can use to evaluate the volatility of the firm. Please confirm Descartes Systems' Downside Deviation of 1.56, mean deviation of 1.11, and Coefficient Of Variation of 1200.04 to check if the risk estimate we provide is consistent with the expected return of 0.0941%. Descartes Systems has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.24, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Descartes Systems will likely underperform. Descartes Systems right now shows a risk of 1.63%. Please confirm Descartes Systems potential upside, as well as the relationship between the accumulation distribution and price action indicator , to decide if Descartes Systems will be following its price patterns.
Auto-correlation | -0.69 |
Very good reverse predictability
Descartes Systems Group has very good reverse predictability. Overlapping area represents the amount of predictability between Descartes Systems time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Descartes Systems price movement. The serial correlation of -0.69 indicates that around 69.0% of current Descartes Systems price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | -0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 4.19 |
Descartes Systems lagged returns against current returns
Autocorrelation, which is Descartes Systems 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 Descartes Systems' stock expected returns. We can calculate the autocorrelation of Descartes Systems returns to help us make a trade decision. For example, suppose you find that Descartes Systems 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 price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Descartes Systems 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 Descartes Systems stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Descartes Systems stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Descartes Systems stock over time.
Current vs Lagged Prices |
| Timeline |
Descartes Systems Lagged Returns
When evaluating Descartes Systems' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Descartes Systems stock have on its future price. Descartes Systems 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, Descartes Systems autocorrelation shows the relationship between Descartes Systems stock current value and its past values and can show if there is a momentum factor associated with investing in Descartes Systems Group.
Regressed Prices |
| Timeline |
Pair Trading with Descartes Systems
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 Descartes Systems 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 Descartes Systems will appreciate offsetting losses from the drop in the long position's value.Moving together with Descartes Stock
| 0.66 | DJCO | Daily Journal Corp | PairCorr |
| 0.67 | BL | Blackline Financial Report 2nd of May 2024 | PairCorr |
Moving against Descartes Stock
| 0.58 | EB | Eventbrite Class A Earnings Call This Week | PairCorr |
| 0.56 | U | Unity Software Financial Report 8th of May 2024 | PairCorr |
| 0.55 | DV | DoubleVerify Holdings Financial Report 8th of May 2024 | PairCorr |
| 0.54 | DMAN | Innovativ Media Group | PairCorr |
The ability to find closely correlated positions to Descartes Systems could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Descartes Systems 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 Descartes Systems - 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 Descartes Systems Group to buy it.
The correlation of Descartes Systems 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 Descartes Systems moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Descartes Systems 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 Descartes Systems 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 Descartes Systems Correlation, Descartes Systems Volatility and Descartes Systems Alpha and Beta module to complement your research on Descartes Systems. Note that the Descartes Systems information on this page should be used as a complementary analysis to other Descartes Systems' 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 the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Complementary Tools for Descartes Stock analysis
When running Descartes Systems' price analysis, check to measure Descartes Systems' 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 Descartes Systems is operating at the current time. Most of Descartes Systems' value examination focuses on studying past and present price action to predict the probability of Descartes Systems' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Descartes Systems' price. Additionally, you may evaluate how the addition of Descartes Systems to your portfolios can decrease your overall portfolio volatility.
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Descartes Systems 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.