Descartes Systems Group Stock Performance

DSGX Stock  USD 92.08  0.32  0.35%   
Descartes Systems has a performance score of 7 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0511, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Descartes Systems are expected to decrease at a much lower rate. During the bear market, Descartes Systems is likely to outperform the market. Descartes Systems right now shows a risk of 1.59%. Please confirm Descartes Systems potential upside, as well as the relationship between the accumulation distribution and period momentum indicator , to decide if Descartes Systems will be following its price patterns.

Risk-Adjusted Performance

7 of 100

 
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Compared to the overall equity markets, risk-adjusted returns on investments in Descartes Systems Group are ranked lower than 7 (%) of all global equities and portfolios over the last 90 days. In spite of fairly unsteady technical and fundamental indicators, Descartes Systems may actually be approaching a critical reversion point that can send shares even higher in April 2024. ...more

Actual Historical Performance (%)

One Day Return
(0.35)
Five Day Return
(0.99)
Year To Date Return
13.11
Ten Year Return
573.59
All Time Return
895.46
1
Arctic Glacier Enhances North American Distribution Performance with Descartes Strategic Route Planning Solution
02/06/2024
2
The Descartes Systems Group Scheduled to Post Quarterly Earnings on Wednesday - AmericanBankingNEWS
02/27/2024
3
Descartes Systems GAAP EPS of 0.37 in-line, revenue of 148.2M beats by 1.74M
03/07/2024
4
Descartes Systems Group Full Year 2024 Earnings In Line With Expectations
03/08/2024
5
The Descartes Systems Group Price Target Raised to 94.00
03/11/2024
6
Wren Kitchens Completes 56 percent More Customer Appointments and Saves 2 million Annually with Descartes Routing Solution
03/19/2024
7
The Descartes Systems Group Inc. Senior Officer Sells C1609104.06 in Stock - Defense World
03/22/2024
8
Bahr Transportation Transforms Operations with Descartes Transportation Management, Freight Visibility and Capacity Sourcing Solutions
03/26/2024
Begin Period Cash Flow277 M
  

Descartes Systems Relative Risk vs. Return Landscape

If you would invest  8,406  in Descartes Systems Group on December 29, 2023 and sell it today you would earn a total of  802.00  from holding Descartes Systems Group or generate 9.54% return on investment over 90 days. Descartes Systems Group is currently generating 0.162% in daily expected returns and assumes 1.5912% risk (volatility on return distribution) over the 90 days horizon. In different words, 14% of stocks are less volatile than Descartes, and 97% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon.
  Expected Return   
       Risk  
Given the investment horizon of 90 days Descartes Systems is expected to generate 2.78 times more return on investment than the market. However, the company is 2.78 times more volatile than its market benchmark. It trades about 0.1 of its potential returns per unit of risk. The NYSE Composite is currently generating roughly 0.23 per unit of risk.

Descartes Systems Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Descartes Systems' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Descartes Systems Group, and traders can use it to determine the average amount a Descartes Systems' price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.1018

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Estimated Market Risk

 1.59
  actual daily
14
86% of assets are more volatile

Expected Return

 0.16
  actual daily
3
97% of assets have higher returns

Risk-Adjusted Return

 0.1
  actual daily
7
93% of assets perform better
Based on monthly moving average Descartes Systems is performing at about 7% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Descartes Systems by adding it to a well-diversified portfolio.

Descartes Systems Fundamentals Growth

Descartes Stock prices reflect investors' perceptions of the future prospects and financial health of Descartes Systems, and Descartes Systems fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Descartes Stock performance.

About Descartes Systems Performance

To evaluate Descartes Systems Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Descartes Systems generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Descartes Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Descartes Systems market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Descartes's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2024
Return On Capital Employed 0.13  0.14 
Return On Assets 0.08  0.08 
Return On Equity 0.09  0.1 

Things to note about Descartes Systems performance evaluation

Checking the ongoing alerts about Descartes Systems for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Descartes Systems help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Descartes Systems is unlikely to experience financial distress in the next 2 years
Descartes Systems has a strong financial position based on the latest SEC filings
Over 88.0% of the company shares are held by institutions such as insurance companies
Latest headline from finance.yahoo.com: Bahr Transportation Transforms Operations with Descartes Transportation Management, Freight Visibility and Capacity Sourcing Solutions
Evaluating Descartes Systems' performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Descartes Systems' stock performance include:
  • Analyzing Descartes Systems' financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
  • Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Descartes Systems' stock is overvalued or undervalued compared to its peers.
  • Examining Descartes Systems' industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
  • Evaluating Descartes Systems' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Descartes Systems' management team can help you assess the Company's leadership.
  • Pay attention to analyst opinions and ratings of Descartes Systems' stock. These opinions can provide insight into Descartes Systems' potential for growth and whether the stock is currently undervalued or overvalued.
It's essential to remember that evaluating Descartes Systems' stock performance is not an exact science, and many factors can impact Descartes Systems' stock market price. Therefore, it's also important to diversify your portfolio and not rely solely on one company or stock for your investments.
When determining whether Descartes Systems offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Descartes Systems' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Descartes Systems Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Descartes Systems Group Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Descartes Systems Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.
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 Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.

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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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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
1.31
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.