Paycom Soft Stock Technical Analysis
PAYC Stock | USD 184.87 1.99 1.06% |
As of the 19th of April, Paycom Soft holds the Variance of 2.84, risk adjusted performance of (0.01), and Coefficient Of Variation of (4,047). Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Paycom Soft, as well as the relationship between them. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We have analyzed and interpolated thirteen technical drivers for Paycom Soft, which can be compared to its competitors. Please check Paycom Soft standard deviation, as well as the relationship between the maximum drawdown and kurtosis to decide if Paycom Soft is priced some-what accurately, providing market reflects its current price of 184.87 per share. Given that Paycom Soft has information ratio of (0.07), we recommend you to check out Paycom Soft's recent market performance to make sure the company can sustain itself at a future point.
Paycom Soft Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Paycom, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to PaycomPaycom |
Paycom Soft Analyst Consensus
Target Price | Advice | # of Analysts | |
379.5 | Buy | 21 | Odds |
Most Paycom analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Paycom stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Paycom Soft, talking to its executives and customers, or listening to Paycom conference calls.
Paycom Soft technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Paycom Soft Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Paycom Soft volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Paycom Soft Trend Analysis
Use this graph to draw trend lines for Paycom Soft. You can use it to identify possible trend reversals for Paycom Soft as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Paycom Soft price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Paycom Soft Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Paycom Soft applied against its price change over selected period. The best fit line has a slop of 0.1 , which means Paycom Soft will continue generating value for investors. It has 122 observation points and a regression sum of squares at 357.64, which is the sum of squared deviations for the predicted Paycom Soft price change compared to its average price change.About Paycom Soft Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Paycom Soft on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Paycom Soft based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Paycom Soft price pattern first instead of the macroeconomic environment surrounding Paycom Soft. By analyzing Paycom Soft's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Paycom Soft's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Paycom Soft specific price patterns or momentum indicators. Please read more on our technical analysis page.
2023 | 2024 (projected) | Dividend Yield | 0.004892 | 0.004647 | Price To Sales Ratio | 7.04 | 10.64 |
Paycom Soft April 19, 2024 Technical Indicators
Most technical analysis of Paycom help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Paycom from various momentum indicators to cycle indicators. When you analyze Paycom charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Risk Adjusted Performance | (0.01) | |||
Market Risk Adjusted Performance | (0.11) | |||
Mean Deviation | 1.34 | |||
Coefficient Of Variation | (4,047) | |||
Standard Deviation | 1.68 | |||
Variance | 2.84 | |||
Information Ratio | (0.07) | |||
Jensen Alpha | (0.08) | |||
Total Risk Alpha | (0.21) | |||
Treynor Ratio | (0.12) | |||
Maximum Drawdown | 6.93 | |||
Value At Risk | (2.94) | |||
Potential Upside | 2.71 | |||
Skewness | (0.34) | |||
Kurtosis | (0.20) |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Paycom Soft. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. For information on how to trade Paycom Stock refer to our How to Trade Paycom Stock guide.You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Complementary Tools for Paycom Stock analysis
When running Paycom Soft's price analysis, check to measure Paycom Soft'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 Paycom Soft is operating at the current time. Most of Paycom Soft's value examination focuses on studying past and present price action to predict the probability of Paycom Soft's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Paycom Soft's price. Additionally, you may evaluate how the addition of Paycom Soft to your portfolios can decrease your overall portfolio volatility.
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Is Paycom Soft'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 Paycom Soft. If investors know Paycom 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 Paycom Soft 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 0.034 | Dividend Share 1.125 | Earnings Share 5.88 | Revenue Per Share 29.35 | Quarterly Revenue Growth 0.173 |
The market value of Paycom Soft is measured differently than its book value, which is the value of Paycom that is recorded on the company's balance sheet. Investors also form their own opinion of Paycom Soft's value that differs from its market value or its book value, called intrinsic value, which is Paycom Soft'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 Paycom Soft's market value can be influenced by many factors that don't directly affect Paycom Soft'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 Paycom Soft's value and its price as these two are different measures arrived at by different means. Investors typically determine if Paycom Soft is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Paycom Soft'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.