Descartes Competitors

DSG Stock  CAD 162.23  2.32  1.45%   
Descartes Systems competes with Kinaxis, Enghouse Systems, Open Text, Celestica, and Constellation Software; as well as few others. The company operates under Software sector and is part of Information Technology industry. Analyzing Descartes Systems 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 Descartes Systems to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Descartes Systems Correlation with its peers.
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 Descartes Systems competition on your existing holdings.
  
As of the 24th of November 2024, Return On Tangible Assets is likely to grow to 0.26. Also, Return On Capital Employed is likely to grow to 0.14. At this time, Descartes Systems' Return On Tangible Assets are very stable compared to the past year. As of the 24th of November 2024, Fixed Asset Turnover is likely to grow to 33.78, while Non Currrent Assets Other are likely to drop about 16.9 M.
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Hype
Prediction
LowEstimatedHigh
161.30162.75164.20
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Intrinsic
Valuation
LowRealHigh
146.01173.92175.37
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Naive
Forecast
LowNextHigh
157.74159.19160.65
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Earnings
Estimates (0)
LowProjected EPSHigh
0.400.420.44
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Descartes Systems Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Descartes Systems 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 Descartes 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 Descartes Systems does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
CLSKXS
CSUKXS
CSUCLS
OTEXENGH
CSUENGH
ENGHKXS
  
High negative correlations   
CLSOTEX
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Risk-Adjusted Indicators

There is a big difference between Descartes Stock performing well and Descartes Systems 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 Descartes Systems' 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.

Cross Equities Net Income Analysis

Compare Descartes Systems and related stocks such as Kinaxis, Enghouse Systems, and Open Text Corp Net Income Over Time
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201020112012201320142015201620172018201920202021202220232024
KXS4.9 M4.9 M4.9 M(9.7 M)(221 K)12.7 M10.7 M20.4 M14.4 M23.3 M13.7 M(1.2 M)20.1 M10.1 M10.9 M
ENGH703.4 K20.9 M24.3 M29.7 M31.4 M47.3 M50.8 M57.7 M70.8 M98.6 M92.8 M94.5 M72.2 M83.1 M87.2 M
OTEX(43.2 M)125.2 M148.5 M218.1 M234.3 M284.5 MB242.2 M285.5 M234.2 M310.7 M397.1 M150.4 M465.1 M488.3 M
CLS(6.9 M)195.1 M117.7 M118 M108.2 M66.9 M136.3 M105 M98.9 M70.3 M60.6 M103.9 M145.5 M244.6 M256.8 M
CSU13.6 M157.2 M92.6 M93.1 M103.1 M177.2 M206.8 M222 M379.3 M333 M436 M168 M512 M565 M593.2 M

Descartes Systems and related stocks such as Kinaxis, Enghouse Systems, and Open Text Corp Net Income description

Net income is one of the most important fundamental items in finance. It plays a large role in Descartes Systems financial statement analysis. It represents the amount of money remaining after all of Descartes Systems Group operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Descartes Systems Competitive Analysis

The better you understand Descartes Systems competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Descartes Systems' 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 Descartes Systems' competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
DSG KXS ENGH OTEX CLS CSU
 1.45 
 162.23 
Descartes
 1.13 
 170.59 
Kinaxis
 0.34 
 29.27 
Enghouse
 0.96 
 41.17 
Open
 2.59 
 124.54 
Celestica
 1.22 
 4,588 
Constellation
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Descartes Systems Competition Performance Charts

Five steps to successful analysis of Descartes Systems Competition

Descartes Systems' 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 Descartes Systems in relation to its competition. Descartes Systems' competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Descartes Systems 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 Descartes Systems' competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Descartes Systems, 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 Descartes Systems position

In addition to having Descartes Systems 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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Companies providing management services to businesses. The Management theme has 39 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 Management Theme or any other thematic opportunities.
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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 Descartes Systems Correlation with its peers.
You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
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.