DSGX Stock | | | USD 119.95 0.27 0.23% |
Descartes Systems financial indicator trend analysis is much more than just examining Descartes Systems latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Descartes Systems is a good investment. Please check the relationship between Descartes Systems Change To Netincome and its Capital Expenditures accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Descartes Systems Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in price.
Change To Netincome vs Capital Expenditures
Change To Netincome vs Capital Expenditures Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Descartes Systems Change To Netincome account and
Capital Expenditures. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Descartes Systems' Change To Netincome and Capital Expenditures is -0.17. Overlapping area represents the amount of variation of Change To Netincome that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of Descartes Systems Group, assuming nothing else is changed. The correlation between historical values of Descartes Systems' Change To Netincome and Capital Expenditures is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Netincome of Descartes Systems Group are associated (or correlated) with its Capital Expenditures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Expenditures has no effect on the direction of Change To Netincome i.e., Descartes Systems' Change To Netincome and Capital Expenditures go up and down completely randomly.
Correlation Coefficient | -0.17 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Change To Netincome
Capital Expenditures
Capital Expenditures are funds used by Descartes Systems to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Descartes Systems operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
Most indicators from Descartes Systems' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Descartes Systems current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Descartes Systems Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in price.
At this time, Descartes Systems'
Tax Provision is fairly stable compared to the past year.
Sales General And Administrative To Revenue is likely to rise to 0.13 in 2024, whereas
Selling General Administrative is likely to drop slightly above 31.5
M in 2024.
Descartes Systems fundamental ratios Correlations
Click cells to compare fundamentals
Descartes Systems Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Descartes Systems fundamental ratios Accounts
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Additional Tools for Descartes Stock Analysis
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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.