Paycom Soft Stock Market Value
PAYC Stock | USD 199.01 1.79 0.91% |
Symbol | Paycom |
Paycom Soft Price To Book Ratio
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.
Paycom Soft '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 Paycom Soft'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 Paycom Soft.
04/09/2022 |
| 03/29/2024 |
If you would invest 0.00 in Paycom Soft on April 9, 2022 and sell it all today you would earn a total of 0.00 from holding Paycom Soft or generate 0.0% return on investment in Paycom Soft over 720 days. Paycom Soft is related to or competes with Genworth Financial, Home Depot, Ufp Industries, and HP. Paycom Software, Inc. provides cloud-based human capital management solution delivered as software-as-a-service for smal... More
Paycom Soft 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 Paycom Soft'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 Paycom Soft upside and downside potential and time the market with a certain degree of confidence.
Information Ratio | (0.1) | |||
Maximum Drawdown | 7.77 | |||
Value At Risk | (2.94) | |||
Potential Upside | 2.71 |
Paycom Soft Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Paycom Soft's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Paycom Soft's standard deviation. In reality, there are many statistical measures that can use Paycom Soft historical prices to predict the future Paycom Soft's volatility.Risk Adjusted Performance | (0) | |||
Jensen Alpha | (0.26) | |||
Total Risk Alpha | (0.43) | |||
Treynor Ratio | (0.02) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Paycom Soft'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.
Paycom Soft Backtested Returns
Paycom Soft maintains Sharpe Ratio (i.e., Efficiency) of -0.0149, which implies the firm had a -0.0149% return per unit of risk over the last 3 months. Paycom Soft exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Paycom Soft's Risk Adjusted Performance of (0), variance of 2.94, and Coefficient Of Variation of (5,408) to confirm the risk estimate we provide. The company holds a Beta of 1.78, 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, Paycom Soft will likely underperform. Paycom Soft has an expected return of -0.0265%. Please make sure to check Paycom Soft potential upside, daily balance of power, as well as the relationship between the Daily Balance Of Power and price action indicator , to decide if Paycom Soft performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.19 |
Very weak predictability
Paycom Soft has very weak predictability. Overlapping area represents the amount of predictability between Paycom Soft time series from 9th of April 2022 to 4th of April 2023 and 4th of April 2023 to 29th of March 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 Paycom Soft price movement. The serial correlation of 0.19 indicates that over 19.0% of current Paycom Soft price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.19 | |
Spearman Rank Test | -0.01 | |
Residual Average | 0.0 | |
Price Variance | 3182.26 |
Paycom Soft lagged returns against current returns
Autocorrelation, which is Paycom Soft 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 Paycom Soft's stock expected returns. We can calculate the autocorrelation of Paycom Soft returns to help us make a trade decision. For example, suppose you find that Paycom Soft 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 |
Paycom Soft 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 Paycom Soft stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Paycom Soft stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Paycom Soft stock over time.
Current vs Lagged Prices |
Timeline |
Paycom Soft Lagged Returns
When evaluating Paycom Soft's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Paycom Soft stock have on its future price. Paycom Soft 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, Paycom Soft autocorrelation shows the relationship between Paycom Soft stock current value and its past values and can show if there is a momentum factor associated with investing in Paycom Soft.
Regressed Prices |
Timeline |
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Check out Paycom Soft Correlation, Paycom Soft Volatility and Paycom Soft Alpha and Beta module to complement your research on Paycom Soft. For information on how to trade Paycom Stock refer to our How to Trade Paycom Stock guide.You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
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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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.