DocuSign Competitors

Stocks . Brazil . 
Stock . DocuSign
D1OC34 Stock  BRL 24.04  0.10  0.41%   
DocuSign competes with Tyson Foods, Palantir Technologies, Spotify Technology, Beyond Meat, and Micron Technology; as well as few others. The company operates under Technology sector and is part of Software—Application industry. Analyzing DocuSign competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of DocuSign to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out DocuSign Correlation with its peers.
For information on how to trade DocuSign Stock refer to our How to Trade DocuSign Stock guide.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of DocuSign competition on your existing holdings.
  
Hype
Prediction
LowEstimatedHigh
21.5924.0426.49
Details
Intrinsic
Valuation
LowRealHigh
23.5225.9728.42
Details
Naive
Forecast
LowNextHigh
21.3923.8426.30
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
22.5223.9025.27
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as DocuSign. Your research has to be compared to or analyzed against DocuSign's peers to derive any actionable benefits. When done correctly, DocuSign'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 DocuSign.

DocuSign Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between DocuSign and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of DocuSign and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of DocuSign does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
S1PO34
+ 0.95
P2LT34
LVTC3
+ 0.67
B2YN34
MUTC34
+ 0.58
P2LT34
MUTC34
+ 0.54
S1PO34
LVTC3
+ 0.54
G2DI33
P2LT34
+ 0.32
TSNF34
  
High negative correlations   
LVTC3
- 0.85
S1PO34
LVTC3
- 0.85
P2LT34
B2YN34
- 0.68
P2LT34
B2YN34
- 0.67
S1PO34
LVTC3
- 0.52
MUTC34
G2DI33
- 0.48
MUTC34

Risk-Adjusted Indicators

There is a big difference between DocuSign Stock performing well and DocuSign Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze DocuSign's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
All Fundamental Data

DocuSign Competitive Analysis

The better you understand DocuSign competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, DocuSign's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across DocuSign's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
D1OC34 TSNF34 P2LT34 S1PO34 B2YN34 MUTC34 G2DI33 LVTC3
 0.41 
 24.04 
DocuSign
 0.00 
 371.11 
Tyson
 0.70 
 132.45 
Palantir
 0.75 
 717.59 
Spotify
 6.06 
 1.55 
Beyond
 0.28 
 96.69 
Micron
 4.65 
 2.05 
G2D
 0.66 
 3.00 
Livetech
Market Volatility
(90 Days Market Risk)
Very steady
Very steady
Very steady
Very steady
Dangerous
Very steady
Very risky
Relatively risky
Market Performance
(90 Days Performance)
Solid
Weak
Strong
Solid
Very Weak
Insignificant
Weak
Very Weak
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Low
Low
Low
Above Average
Low
Quite High
Low
Current Valuation
(Equity Enterprise Value)
Under Valued
Over Valued
Fairly Valued
Over Valued
Over Valued
Over Valued
Over Valued
Over Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Strong Buy
Strong Sell
Strong Buy
Strong Hold
Strong Sell
Strong Sell
Strong Sell
Strong Sell
Current Ratio
1.01 X
1.49 X
N/A
1.27 X
17.68 X
3.18 X
N/A
N/A
Net Asset
2.54 B
36.82 B
3.25 B
7.17 B
1.38 B
66.28 B
1.33 B
1.49 B
Profit Margin
(0.05) %
0.05 %
(0.31) %
(0.04) %
(0.86) %
0.23 %
N/A
0.04 %
EBITDA
21.44 M
5.72 B
(469.96 M)
427 M
(153.76 M)
16.88 B
463.14 M
284.59 M
Operating Margin
(0.03) %
0.06 %
(0.11) %
(0.06) %
(0.77) %
0.25 %
1.13 %
0.10 %
Current Valuation
50.95 B
162.02 B
69.57 B
70.65 B
20.76 B
305.76 B
321.58 M
790.17 M
Price To Book
21.48 X
1.16 X
6.56 X
6.15 X
N/A
1.19 X
0.35 X
0.54 X
Beta
1.0
0.73
2.89
1.77
2.07
1.34
N/A
N/A
Number Of Employees
7.46 K
142 K
3.71 K
8.36 K
1.11 K
49 K
1
315
Shares Outstanding
4.02 B
355.63 M
6.25 B
773.17 M
1.27 B
6.55 B
66.03 M
63.73 M
Cash Flow From Operations
506.47 M
2.69 B
333.85 M
361 M
(301.37 M)
15.18 B
(6.69 M)
(29.55 M)
Annual Yield
N/A
0.03 %
N/A
N/A
N/A
0.01 %
N/A
0.02 %
Total Debt
718.49 M
7.86 B
N/A
1.2 B
1.13 B
6.8 B
N/A
270.7 M
Return On Equity
-0.37
0.13
-0.24
-0.19
-11.67
0.13
-0.28
0.0726
Z Score
54.0
9.4
N/A
62.8
2.4
30.0
N/A
0.6
Return On Asset
-0.0192
0.0583
-0.0387
-0.0549
-0.16
0.0662
-0.15
0.0421
Book Value Per Share
0.12 X
55.21 X
1.15 X
3.11 X
(2.23) X
7.55 X
7.26 X
10.16 X
Total Asset
2.54 B
36.82 B
3.25 B
7.17 B
1.38 B
66.28 B
1.33 B
1.49 B
Debt To Equity
3.89 %
0.62 %
N/A
0.57 %
4.47 %
0.18 %
N/A
N/A
Last Dividend Paid
N/A
1.86
N/A
N/A
N/A
0.45
N/A
0.17
Target Price
N/A
N/A
N/A
N/A
N/A
N/A
10.47
6.0
Shares Owned By Institutions
N/A
N/A
N/A
N/A
N/A
N/A
14.79 %
53.24 %
Market Capitalization
64.83 B
112.74 B
82.52 B
124.49 B
5.3 B
345.13 B
227.86 M
457.56 M
Price To Earnings To Growth
1.45 X
2.43 X
1.41 X
N/A
N/A
1.12 X
N/A
N/A
Price To Earning
N/A
12.52 X
N/A
N/A
N/A
27.98 X
N/A
N/A
Price To Sales
24.73 X
2.30 X
42.39 X
6.56 X
10.72 X
9.83 X
1.93 X
0.35 X
Net Income
(69.98 M)
3.24 B
(520.38 M)
(34 M)
(182.1 M)
8.69 B
457.51 M
72.45 M
Earnings Per Share
(0.12) X
35.75 X
(1.31) X
(0.77) X
(20.79) X
4.71 X
1.51 X
0.49 X
Shares Owned By Insiders
N/A
N/A
N/A
N/A
N/A
N/A
N/A
35.47 %
Revenue
2.11 B
53.28 B
1.54 B
9.67 B
464.7 M
30.76 B
N/A
1.07 B
Cash And Equivalents
780.63 M
1.61 B
N/A
2.98 B
1.01 B
7.18 B
N/A
38.47 M
Cash Per Share
0.20 X
4.42 X
N/A
3.90 X
15.96 X
6.41 X
N/A
N/A
Gross Profit
1.65 B
6.62 B
1.2 B
2.93 B
117.28 M
13.9 B
522.84 M
294.86 M
Day Typical Price
24.32
371.11
133.32
719.6
1.52
97.54
2.07
3.01
Accumulation Distribution
0.0338
N/A
0.0258
0.0366
0.12
0.0257
0.0284
0.0326
Market Facilitation Index
0.84
N/A
3.49
26.88
0.2
2.55
0.06
0.1
Daily Balance Of Power
(0.12)
0.0
(0.27)
0.1998
(0.50)
0.1059
(1.67)
(0.20)
Period Momentum Indicator
(0.10)
N/A
(0.93)
5.37
(0.10)
0.27
(0.10)
(0.02)
Rate Of Daily Change
1.0
1.0
0.99
1.01
0.94
1.0
0.95
0.99
Day Median Price
24.46
371.11
133.76
720.6
1.51
97.97
2.08
3.02
Price Action Indicator
(0.47)
N/A
(1.77)
(0.32)
(0.01)
(1.14)
(0.08)
(0.03)
Relative Strength Index
77.76
63.93
84.62
68.23
28.88
61.99
47.88
36.39
Coefficient Of Variation
389.41
999.97
276.51
385.3
(7,087)
1679.89
(82,150)
(934.03)
Mean Deviation
1.82
0.8772
2.6
1.8
3.03
2.47
2.08
1.99
Jensen Alpha
0.5469
0.2001
1.12
0.6653
(0.05)
0.0818
0.0291
(0.27)
Total Risk Alpha
0.2095
(0.13)
0.7328
0.2344
(0.72)
(0.38)
(0.53)
(0.73)
Sortino Ratio
0.1921
0.0156
0.5426
0.2165
N/A
0.0199
N/A
N/A
Downside Variance
6.5
7.42
5.24
6.4
N/A
10.66
N/A
N/A
Standard Deviation
2.44
1.8
3.81
2.64
3.91
3.41
3.11
2.65
Kurtosis
1.2
10.96
10.57
6.04
0.3155
4.55
2.98
1.87
Potential Upside
4.84
2.85
6.79
3.11
5.77
4.49
5.29
3.61
Treynor Ratio
1.12
(0.72)
0.6987
8.84
0.539
0.2218
0.041
1.71
Maximum Drawdown
11.35
10.65
25.1
18.04
19.97
21.03
19.09
13.66
Variance
5.97
3.24
14.55
6.97
15.28
11.59
9.65
7.0
Market Risk Adjusted Performance
1.13
(0.71)
0.7087
8.85
0.549
0.2318
0.051
1.72
Risk Adjusted Performance
0.2032
0.0822
0.2845
0.2055
(0)
0.0533
0.0066
(0.07)
Skewness
(0.05)
1.55
2.32
0.8576
(0.17)
0.9897
0.59
0.9498
Semi Deviation
1.7
1.05
1.36
2.13
N/A
3.02
N/A
N/A
Information Ratio
0.2005
0.0236
0.3256
0.2074
(0.05)
0.0191
(0.05)
(0.16)
Value At Risk
(3.22)
(1.87)
(3.44)
(3.56)
(6.06)
(5.09)
(5.22)
(4.00)
Expected Short fall
(2.36)
(2.41)
(3.13)
(2.08)
N/A
(2.60)
N/A
N/A
Downside Deviation
2.55
2.72
2.29
2.53
N/A
3.26
N/A
N/A
Semi Variance
2.9
1.1
1.85
4.54
N/A
9.12
N/A
N/A

DocuSign Competition Performance Charts

Five steps to successful analysis of DocuSign Competition

DocuSign's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by DocuSign in relation to its competition. DocuSign's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of DocuSign in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact DocuSign's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to DocuSign, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your DocuSign position

In addition to having DocuSign in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Long Short Funds Theme
Funds or Etfs that are designed to hedge away market risk by investing in combination of bonds, stocks, derivative instruments as well as short positions to maximize returns irrespective of market conditions. The Long Short Funds theme has 46 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Long Short Funds Theme or any other thematic opportunities.
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Additional Information and Resources on Investing in DocuSign Stock

When determining whether DocuSign is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if DocuSign Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Docusign Stock. Highlighted below are key reports to facilitate an investment decision about Docusign Stock:
How To Invest In DocuSign
Details
Is DocuSign Stock a good investment?
Details
What is DocuSign's Net Worth?
Details
Largest Application Software Companies
View
Largest Software - Application Companies
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Check out DocuSign Correlation with its peers.
For information on how to trade DocuSign Stock refer to our How to Trade DocuSign Stock guide.
You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Altman
Z Score
Details
Intrinsic
Valuation
Details
Financial
Analysis
Details
Buy or Sell
Advice
Details
Technical
Analysis
Details
Please note, there is a significant difference between DocuSign's value and its price as these two are different measures arrived at by different means. Investors typically determine if DocuSign is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DocuSign'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.
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
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