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The Descartes Systems Group (FRA:DC2) 12-1 Month Momentum % : 36.97% (As of Dec. 13, 2024)


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What is The Descartes Systems Group 12-1 Month Momentum %?

12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-12-13), The Descartes Systems Group's 12-1 Month Momentum % is 36.97%.

The industry rank for The Descartes Systems Group's 12-1 Month Momentum % or its related term are showing as below:

FRA:DC2's 12-1 Month Momentum % is ranked better than
79.1% of 2732 companies
in the Software industry
Industry Median: -0.57 vs FRA:DC2: 36.97

Competitive Comparison of The Descartes Systems Group's 12-1 Month Momentum %

For the Software - Application subindustry, The Descartes Systems Group's 12-1 Month Momentum %, along with its competitors' market caps and 12-1 Month Momentum % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


The Descartes Systems Group's 12-1 Month Momentum % Distribution in the Software Industry

For the Software industry and Technology sector, The Descartes Systems Group's 12-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where The Descartes Systems Group's 12-1 Month Momentum % falls into.



The Descartes Systems Group  (FRA:DC2) 12-1 Month Momentum % Calculation

12-1 Month Momentum % is calculated as following:

12-1 Month Momentum %=( Price 1-month ago / Price 12-month ago - 1 ) * 100 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


The Descartes Systems Group  (FRA:DC2) 12-1 Month Momentum % Explanation

Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 12-1 Month Momentum % measures the total return to a stock over the past twelve months, but ignores the previous month.

The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.


The Descartes Systems Group 12-1 Month Momentum % Related Terms

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The Descartes Systems Group Business Description

Traded in Other Exchanges
Address
120 Randall Drive, Waterloo, ON, CAN, N2V 1C6
Descartes Systems Group provides a software solution that allows users in the shipping industry to communicate with one another. Its core product is the Global Logistics Network, which is best understood as transaction-driven. Descartes charges clients to send/receive messages, data, and documents on the GLN. Customers typically contract for a monthly minimum over a multiyear period. The GLN platform allows Descartes to upsell additional software modules as well, typically provided via a software-as-a-service model.

The Descartes Systems Group Headlines

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