Paylocity Holdng Stock Market Value
| PCTY Stock | USD 156.16 2.72 1.71% |
| Symbol | Paylocity |
Paylocity Holdng Price To Book Ratio
Is Paylocity Holdng's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Paylocity Holdng. If investors know Paylocity will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Paylocity Holdng listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.333 | Earnings Share 2.97 | Revenue Per Share 23.083 | Quarterly Revenue Growth 0.282 | Return On Assets 0.0327 |
The market value of Paylocity Holdng is measured differently than its book value, which is the value of Paylocity that is recorded on the company's balance sheet. Investors also form their own opinion of Paylocity Holdng's value that differs from its market value or its book value, called intrinsic value, which is Paylocity Holdng's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Paylocity Holdng's market value can be influenced by many factors that don't directly affect Paylocity Holdng's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Paylocity Holdng's value and its price as these two are different measures arrived at by different means. Investors typically determine if Paylocity Holdng is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Paylocity Holdng's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Paylocity Holdng 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Paylocity Holdng's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Paylocity Holdng.
| 01/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Paylocity Holdng on January 26, 2024 and sell it all today you would earn a total of 0.00 from holding Paylocity Holdng or generate 0.0% return on investment in Paylocity Holdng over 90 days. Paylocity Holdng is related to or competes with C3 Ai, Shopify, Snowflake, and ServiceNow. Paylocity Holding Corporation provides cloud-based human capital management and payroll software solutions for workforce... More
Paylocity Holdng Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Paylocity Holdng's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Paylocity Holdng upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.72 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 10.39 | |||
| Value At Risk | (3.03) | |||
| Potential Upside | 3.21 |
Paylocity Holdng Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Paylocity Holdng's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Paylocity Holdng's standard deviation. In reality, there are many statistical measures that can use Paylocity Holdng historical prices to predict the future Paylocity Holdng's volatility.| Risk Adjusted Performance | 0.0226 | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0256 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Paylocity Holdng's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Paylocity Holdng Backtested Returns
Paylocity Holdng maintains Sharpe Ratio (i.e., Efficiency) of -4.0E-4, which implies the firm had a -4.0E-4% return per unit of risk over the last 3 months. Paylocity Holdng exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Paylocity Holdng's Risk Adjusted Performance of 0.0226, semi deviation of 1.63, and Coefficient Of Variation of 3905.96 to confirm the risk estimate we provide. The company holds a Beta of 1.44, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Paylocity Holdng will likely underperform. Paylocity Holdng has an expected return of -7.0E-4%. Please make sure to check Paylocity Holdng treynor ratio, expected short fall, as well as the relationship between the Expected Short fall and day median price , to decide if Paylocity Holdng performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.05 |
Virtually no predictability
Paylocity Holdng has virtually no predictability. Overlapping area represents the amount of predictability between Paylocity Holdng time series from 26th of January 2024 to 11th of March 2024 and 11th of March 2024 to 25th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Paylocity Holdng price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current Paylocity Holdng price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | -0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 21.89 |
Paylocity Holdng lagged returns against current returns
Autocorrelation, which is Paylocity Holdng stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Paylocity Holdng's stock expected returns. We can calculate the autocorrelation of Paylocity Holdng returns to help us make a trade decision. For example, suppose you find that Paylocity Holdng has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Paylocity Holdng regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Paylocity Holdng stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Paylocity Holdng stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Paylocity Holdng stock over time.
Current vs Lagged Prices |
| Timeline |
Paylocity Holdng Lagged Returns
When evaluating Paylocity Holdng's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Paylocity Holdng stock have on its future price. Paylocity Holdng autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Paylocity Holdng autocorrelation shows the relationship between Paylocity Holdng stock current value and its past values and can show if there is a momentum factor associated with investing in Paylocity Holdng.
Regressed Prices |
| Timeline |
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Check out Paylocity Holdng Correlation, Paylocity Holdng Volatility and Paylocity Holdng Alpha and Beta module to complement your research on Paylocity Holdng. For more information on how to buy Paylocity Stock please use our How to Invest in Paylocity Holdng guide.You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Complementary Tools for Paylocity Stock analysis
When running Paylocity Holdng's price analysis, check to measure Paylocity Holdng's 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 Paylocity Holdng is operating at the current time. Most of Paylocity Holdng's value examination focuses on studying past and present price action to predict the probability of Paylocity Holdng's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Paylocity Holdng's price. Additionally, you may evaluate how the addition of Paylocity Holdng to your portfolios can decrease your overall portfolio volatility.
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