DCBO vs DSGX: Correlation
How closely do Docebo Inc. (DCBO) and The Descartes Systems Group Inc. (DSGX) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DCBO and DSGX?
On 3 years of weekly data the DCBO/DSGX correlation comes out at 0.47, moderate. The relationship has been stable: the 1-year correlation (0.55) sits close to the 3-year figure. The 5-year figure is 0.52, and annualized covariance runs at 674.1 %².
Within DCBO's tracked universe of 12 assets, DSGX comes in at #5 by 3-year correlation. Neither side won the trailing year by much: -18.1% against -19.1%.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
DCBO vs DSGX: side by side
| DCBO (Docebo Inc.) | DSGX (The Descartes Systems Group Inc.) | |
|---|---|---|
| 1-year return | -18.1% | -19.1% |
| 5-year return | -69.8% | +3.6% |
| Volatility (ann.) | 45.4% | 31.5% |
| Beta vs S&P 500 | 1.27 | 0.86 |
| Max drawdown (3Y) | -73.0% | -48.7% |
| Market cap | $0.6B | $6.9B |
| P/E (trailing) | 22.1 | 38.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DCBO | DSGX |
|---|---|---|
| 2022 | -50.8% | -15.8% |
| 2023 | +46.0% | +20.7% |
| 2024 | -7.5% | +35.1% |
| 2025 | -50.4% | -22.8% |
| 2026 | +14.3% | -8.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DCBO and DSGX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DCBO and DSGX?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.55 over the last year and 0.52 over 5 years.
Is DSGX a good diversifier for DCBO?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 mean?
A reading of 0.47 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dcbo-vs-dsgx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dcbo-vs-dsgx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DCBO correlations · DSGX correlations
