Descartes Systems Correlations
| DSG Stock | CAD 164.74 1.65 1.01% |
The current 90-days correlation between Descartes Systems and Kinaxis is 0.51 (i.e., Very weak diversification). 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 Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Descartes Systems Correlation With Market
Weak diversification
The correlation between Descartes Systems Group and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Descartes Systems Group and DJI in the same portfolio, assuming nothing else is changed.
Descartes |
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.
Moving together with Descartes Stock
| 0.89 | WMT | Walmart Inc CDR | PairCorr |
| 0.88 | AMZN | Amazon CDR | PairCorr |
| 0.81 | GOOG | Alphabet CDR | PairCorr |
| 0.7 | COST | Costco Wholesale Corp | PairCorr |
Related Correlations Analysis
| -0.08 | -0.36 | 0.8 | 0.75 | KXS | ||
| -0.08 | 0.54 | -0.45 | -0.11 | ENGH | ||
| -0.36 | 0.54 | -0.5 | -0.14 | OTEX | ||
| 0.8 | -0.45 | -0.5 | 0.66 | CLS | ||
| 0.75 | -0.11 | -0.14 | 0.66 | CSU | ||
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| KXS | 1.68 | 0.19 | 0.04 | 0.62 | 2.81 | 3.95 | 14.54 | |||
| ENGH | 1.12 | (0.05) | 0.00 | (0.07) | 0.00 | 2.71 | 8.90 | |||
| OTEX | 1.15 | (0.08) | 0.00 | (0.02) | 0.00 | 1.84 | 13.83 | |||
| CLS | 2.55 | 0.79 | 0.23 | 0.88 | 2.79 | 5.61 | 22.60 | |||
| CSU | 1.05 | 0.05 | 0.02 | 0.19 | 1.21 | 2.24 | 6.34 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Descartes Systems without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Descartes Systems Corporate Management
Elected by the shareholders, the Descartes Systems' board of directors comprises two types of representatives: Descartes Systems inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Descartes. The board's role is to monitor Descartes Systems' management team and ensure that shareholders' interests are well served. Descartes Systems' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Descartes Systems' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Raimond Diederik | Executive VP of Information Services | Profile | |
| BA BA | CEO Director | Profile | |
| Maija Michell | Senior Resources | Profile | |
| Andrew Roszko | Chief Officer | Profile |