Will Strong Adoption of Descartes Cloud-Based TMS Boost the Stock - Yahoo Finance
| DSG Stock | CAD 164.60 1.08 0.66% |
About 51% of Descartes Systems' investor base is interested to short. The analysis of the overall prospects from investing in Descartes Systems Group suggests that many traders are, at the present time, impartial. Descartes Systems' investing sentiment overview a quick insight into current market opportunities from investing in Descartes Systems Group. Many technical investors use Descartes Systems stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
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Will Strong Adoption of Descartes Cloud-Based TMS Boost the Stock Yahoo Finance
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Descartes Systems Fundamental Analysis
We analyze Descartes Systems' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Descartes Systems using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Descartes Systems based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Current Valuation
Current Valuation Comparative Analysis
Descartes Systems is currently under evaluation in current valuation category among its peers. Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Descartes Systems Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Descartes Systems stock to make a market-neutral strategy. Peer analysis of Descartes Systems could also be used in its relative valuation, which is a method of valuing Descartes Systems by comparing valuation metrics with similar companies.
Peers
Descartes Systems Related Equities
| CLS | Celestica | 4.25 | ||||
| ENGH | Enghouse Systems | 1.74 | ||||
| OTEX | Open Text | 1.43 | ||||
| CSU | Constellation Software | 0.41 | ||||
| KXS | Kinaxis | 0.27 |
Check out Descartes Systems Hype Analysis, Descartes Systems Correlation and Descartes Systems Performance. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.