Descartes Systems Stock Forecast - Accumulation Distribution
| DSGX Stock | USD 94.24 0.26 0.28% |
Descartes Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Descartes Systems stock prices and determine the direction of Descartes Systems Group's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Descartes Systems' historical fundamentals, such as revenue growth or operating cash flow patterns. Although Descartes Systems' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Descartes Systems' systematic risk associated with finding meaningful patterns of Descartes Systems fundamentals over time.
Check out Historical Fundamental Analysis of Descartes Systems to cross-verify your projections. Descartes |
Open Interest Against 2024-05-17 Descartes Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Descartes Systems' spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Descartes Systems' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Descartes Systems stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Descartes Systems' open interest, investors have to compare it to Descartes Systems' spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Descartes Systems is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Descartes. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Descartes Systems cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Descartes Systems' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Descartes Systems' price structures and extracts relationships that further increase the generated results' accuracy.
The accumulation distribution (A/D) indicator shows the degree to which Descartes Systems is accumulated by the market over a given period. It uses the quote sensitivity to the highest or lowest daily price of Descartes Systems Group to determine if accumulation or reduction is taking place in the market. This value is adjusted by Descartes Systems trading volume to give more weight to distributions with higher volume over lower volume.| Previous Accumulation Distribution | Accumulation Distribution | Trend |
| 7007.09 | 0.033 |
| Check Descartes Systems Volatility | Backtest Descartes Systems | Information Ratio |
Descartes Systems Trading Date Momentum
| On April 28 2024 Descartes Systems Group was traded for 94.24 at the closing time. The top price for the day was 96.10 and the lowest listed price was 92.93 . There was no trading activity during the period 0.0. Lack of trading volume on April 28, 2024 did not affect price variability. The overall trading delta against the current closing price is 1.20% . |
Accumulation distribution indicator can signal that a trend is either nearing completion, at a continuation, or is about to break-outs. The actual value of this indicator is of no significance. What is significant is the change in value of over time. The formula for A/D of a given trading day can be expressed as follow: ((Close - Low) - (High - Close)) / (High - Low) X Volume
| Compare Descartes Systems to competition |
Other Forecasting Options for Descartes Systems
For every potential investor in Descartes, whether a beginner or expert, Descartes Systems' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Descartes Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Descartes. Basic forecasting techniques help filter out the noise by identifying Descartes Systems' price trends.View Descartes Systems Related Equities
| Risk & Return | Correlation |
Descartes Systems Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Descartes Systems' price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Descartes Systems' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Descartes Systems Market Strength Events
Market strength indicators help investors to evaluate how Descartes Systems stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Descartes Systems shares will generate the highest return on investment. By undertsting and applying Descartes Systems stock market strength indicators, traders can identify Descartes Systems Group entry and exit signals to maximize returns.
Descartes Systems Risk Indicators
The analysis of Descartes Systems' basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Descartes Systems' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting descartes stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.08 | |||
| Semi Deviation | 1.41 | |||
| Standard Deviation | 1.58 | |||
| Variance | 2.49 | |||
| Downside Variance | 2.35 | |||
| Semi Variance | 1.98 | |||
| Expected Short fall | (1.21) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Pair Trading with Descartes Systems
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Descartes Systems position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Descartes Systems will appreciate offsetting losses from the drop in the long position's value.Moving together with Descartes Stock
| 0.61 | DJCO | Daily Journal Corp | PairCorr |
Moving against Descartes Stock
| 0.68 | VCSA | Vacasa Inc Trending | PairCorr |
| 0.61 | DOMO | Domo Inc Financial Report 23rd of May 2024 | PairCorr |
| 0.61 | NOGWQ | Nogin Inc | PairCorr |
| 0.6 | U | Unity Software Aggressive Push | PairCorr |
| 0.6 | EB | Eventbrite Class A Financial Report 14th of May 2024 | PairCorr |
The ability to find closely correlated positions to Descartes Systems could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Descartes Systems when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Descartes Systems - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Descartes Systems Group to buy it.
The correlation of Descartes Systems is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Descartes Systems moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Descartes Systems moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Descartes Systems can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Historical Fundamental Analysis of Descartes Systems to cross-verify your projections. 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 Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Complementary 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.
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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 1.34 | 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.