Descartes Systems Group Stock Alpha and Beta Analysis
| DSGX Stock | USD 94.24 0.26 0.28% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Descartes Systems Group. It also helps investors analyze the systematic and unsystematic risks associated with investing in Descartes Systems over a specified time horizon. Remember, high Descartes Systems' alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Descartes Systems' market risk premium analysis include:
Beta 1.22 | Alpha (0.01) | Risk 1.61 | Sharpe Ratio 0.0633 | Expected Return 0.1 |
Enterprise Value |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Descartes |
Descartes Systems Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Descartes Systems market risk premium is the additional return an investor will receive from holding Descartes Systems long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Descartes Systems. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Descartes Systems' performance over market.| α | -0.01 | β | 1.22 |
Descartes Systems expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Descartes Systems' Buy-and-hold return. Our buy-and-hold chart shows how Descartes Systems performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Descartes Systems Market Price Analysis
Market price analysis 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 understating and applying Descartes Systems stock market price indicators, traders can identify Descartes Systems position entry and exit signals to maximize returns.
Descartes Systems Return and Market Media
The median price of Descartes Systems for the period between Tue, Jan 30, 2024 and Mon, Apr 29, 2024 is 89.87 with a coefficient of variation of 2.87. The daily time series for the period is distributed with a sample standard deviation of 2.58, arithmetic mean of 89.88, and mean deviation of 2.14. The Stock received a lot of media exposure during the period. Price Growth (%) |
| Timeline |
1 | The Descartes Systems Group Stock Rating Lowered by StockNews.com | 02/23/2024 |
2 | The Descartes Systems Group Issues Earnings Results | 03/07/2024 |
3 | Wren Kitchens Completes 56 percent More Customer Appointments and Saves 2 million Annually with Descartes Routing Solution | 03/19/2024 |
4 | Fashion Brand LOVALL Improves Fulfilment Productivity with Descartes Ecommerce Warehouse Management System | 04/02/2024 |
5 | Descartes Ecommerce Warehouse Solution Used by LOVALL | 04/05/2024 |
6 | Institutional investors in The Descartes Systems Group Inc. see CA354m decrease in market cap last week, although long-term gains have benefitted them. | 04/08/2024 |
7 | New Descartes MacroPoint Capabilities Help Combat Fraud in Transportation and Logistics | 04/10/2024 |
8 | Descartes Container Import Volume Trajectory is Strong | 04/12/2024 |
9 | Mackenzie Financial Corp Increases Stock Holdings in The Descartes Systems Group Inc. - MarketBeat | 04/16/2024 |
10 | Descartes acquires Irish customs software firm ASD | 04/22/2024 |
11 | Descartes Acquires Aerospace Software Developments | 04/23/2024 |
12 | Descartes Systems Groups five-year earnings growth trails the 19 percent YoY shareholder returns | 04/24/2024 |
About Descartes Systems Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Descartes or other stocks. Alpha measures the amount that position in Descartes Systems has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2021 | 2022 | 2023 | 2024 (projected) | Days Sales Outstanding | 47.94 | 42.68 | 40.21 | 38.2 | PTB Ratio | 6.16 | 5.63 | 6.06 | 6.36 |
Descartes Systems Upcoming Company Events
As portrayed in its financial statements, the presentation of Descartes Systems' financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Descartes Systems' leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Descartes Systems' public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Descartes Systems. Please utilize our Beneish M Score to check the likelihood of Descartes Systems' management manipulating its earnings.
| 6th of March 2024 Upcoming Quarterly Report | View | |
| 29th of May 2024 Next Financial Report | View | |
| 31st of January 2024 Next Fiscal Quarter End | View | |
| 6th of March 2024 Next Fiscal Year End | View | |
| 31st of October 2023 Last Quarter Report | View | |
| 31st of January 2023 Last Financial Announcement | View |
Build Portfolio with Descartes Systems
Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.Build Diversified Portfolios
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Check out Descartes Systems Backtesting, Descartes Systems Valuation, Descartes Systems Correlation, Descartes Systems Hype Analysis, Descartes Systems Volatility, Descartes Systems History and analyze Descartes Systems Performance. 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 Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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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Descartes Systems technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.