Descartes Systems Group Stock Market Value

DSGX Stock  USD 101.87  1.46  1.45%   
Descartes Systems' market value is the price at which a share of Descartes Systems trades on a public exchange. It measures the collective expectations of Descartes Systems Group investors about its performance. Descartes Systems is trading at 101.87 as of the 5th of October 2024; that is 1.45 percent increase since the beginning of the trading day. The stock's open price was 100.41.
With this module, you can estimate the performance of a buy and hold strategy of Descartes Systems Group and determine expected loss or profit from investing in Descartes Systems over a given investment horizon. Check out Descartes Systems Correlation, Descartes Systems Volatility and Descartes Systems Alpha and Beta module to complement your research on Descartes Systems.
Symbol

Descartes Systems Price To Book Ratio

Is Application Software space 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
0.25
Earnings Share
1.48
Revenue Per Share
7.13
Quarterly Revenue Growth
0.14
Return On Assets
0.0751
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.
0.00
11/15/2022
No Change 0.00  0.0 
In 1 year 10 months and 22 days
10/05/2024
0.00
If you would invest  0.00  in Descartes Systems on November 15, 2022 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 690 days. Descartes Systems is related to or competes with Paltalk, Sphere 3D, and EzFill Holdings. 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.

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.
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.
Hype
Prediction
LowEstimatedHigh
100.49101.89103.29
Details
Intrinsic
Valuation
LowRealHigh
91.3092.70112.06
Details
14 Analysts
Consensus
LowTargetHigh
77.1584.7894.11
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.360.400.43
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Descartes Systems. Your research has to be compared to or analyzed against Descartes Systems' peers to derive any actionable benefits. When done correctly, Descartes Systems' 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 Descartes Systems.

Descartes Systems Backtested Returns

At this stage we consider Descartes Stock to be very steady. Descartes Systems secures Sharpe Ratio (or Efficiency) of 0.0282, which denotes the company had a 0.0282% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Descartes Systems Group, which you can use to evaluate the volatility of the firm. Please confirm Descartes Systems' Mean Deviation of 1.08, downside deviation of 1.68, and Coefficient Of Variation of 2636.98 to check if the risk estimate we provide is consistent with the expected return of 0.0394%. Descartes Systems has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.97, which means possible diversification benefits within a given portfolio. Descartes Systems returns are very sensitive to returns on the market. As the market goes up or down, Descartes Systems is expected to follow. Descartes Systems right now shows a risk of 1.4%. 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

    
  0.44  

Average predictability

Descartes Systems Group has average predictability. Overlapping area represents the amount of predictability between Descartes Systems time series from 15th of November 2022 to 26th of October 2023 and 26th of October 2023 to 5th of October 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 0.44 indicates that just about 44.0% of current Descartes Systems price fluctuation can be explain by its past prices.
Correlation Coefficient0.44
Spearman Rank Test0.29
Residual Average0.0
Price Variance60.96

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  

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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Additional 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.