Descartes Systems Group Stock Market Value
| DSGX Stock | USD 114.33 0.20 0.18% |
| Symbol | Descartes |
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.
| 05/26/2024 |
| 11/22/2024 |
If you would invest 0.00 in Descartes Systems on May 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 180 days. Descartes Systems is related to or competes with Clearwater Analytics, Expensify, Envestnet, Enfusion, Manhattan Associates, Tyler Technologies, and Aspen Technology. 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 | 1.47 | |||
| Information Ratio | 0.0748 | |||
| Maximum Drawdown | 7.84 | |||
| Value At Risk | (2.39) | |||
| Potential Upside | 2.61 |
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 | 0.1097 | |||
| Jensen Alpha | 0.0974 | |||
| Total Risk Alpha | 0.0281 | |||
| Sortino Ratio | 0.0756 | |||
| Treynor Ratio | 0.1693 |
Descartes Systems Backtested Returns
Descartes Systems appears to be very steady, given 3 months investment horizon. Descartes Systems secures Sharpe Ratio (or Efficiency) of 0.14, which denotes the company had a 0.14% 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 utilize Descartes Systems' Downside Deviation of 1.47, coefficient of variation of 719.21, and Mean Deviation of 1.17 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Descartes Systems holds a performance score of 11. The firm shows a Beta (market volatility) of 1.16, 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. Please check Descartes Systems' potential upside, as well as the relationship between the accumulation distribution and period momentum indicator , to make a quick decision on whether Descartes Systems' price patterns will revert.
Auto-correlation | 0.50 |
Modest predictability
Descartes Systems Group has modest predictability. Overlapping area represents the amount of predictability between Descartes Systems time series from 26th of May 2024 to 24th of August 2024 and 24th of August 2024 to 22nd of November 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 0.5 indicates that about 50.0% of current Descartes Systems price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 29.87 |
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 |
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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 |
Also Currently Popular
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.