ProShare Advisors LLC Sells 5,241 Shares of Ceridian HCM Holding Inc.

CDAYDelisted Stock  USD 68.42  0.65  0.94%   
Slightly above 62% of Ceridian HCM's investor base is looking to short. The analysis of current outlook of investing in Ceridian HCM Holding suggests that many traders are alarmed regarding Ceridian HCM's prospects. Ceridian HCM's investing sentiment can be driven by a variety of factors including economic data, Ceridian HCM's earnings reports, geopolitical events, and overall market trends.
  
ProShare Advisors LLC lessened its position in shares of Ceridian HCM Holding Inc. by 11.2 percent in the second quarter, HoldingsChannel.com reports. The fund owned 41,622 shares of the companys stock after selling 5,241 shares during the period. ProShare Advisors LLCs holdings in Ceridian HCM were worth 2,787,000 at the end of

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Ceridian HCM Fundamental Analysis

We analyze Ceridian HCM's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Ceridian HCM using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Ceridian HCM based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Working Capital

Working Capital Comparative Analysis

Ceridian HCM is currently under evaluation in working capital category among its peers. Working Capital is a measure of company efficiency and operating liquidity. The working capital is usually calculated by subtracting Current Liabilities from Current Assets. It is an important indicator of the firm ability to continue its normal operations without additional debt obligations. .

Ceridian HCM Holding Potential Pair-trading

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Ceridian HCM stock to make a market-neutral strategy. Peer analysis of Ceridian HCM could also be used in its relative valuation, which is a method of valuing Ceridian HCM by comparing valuation metrics with similar companies.

Peers

Ceridian HCM Related Equities

ANSSANSYS   0.89   
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GWREGuidewire Software   0.50   
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38.0%
ALKTAlkami Technology   0.48   
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36.0%
ROPRoper Technologies,   0.37   
0%
28.0%
AGYSAgilysys   0.31   
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23.0%
ENVEnvestnet   0.00   
0%
0%
CVLTCommVault Systems   0.02   
1.0%
0%
AZPNAspen Technology   0.16   
12.0%
0%
PYCRPaycor HCM   0.39   
29.0%
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CWANClearwater Analytics   0.42   
32.0%
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MANHManhattan Associates   0.78   
59.0%
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ENFNEnfusion   0.80   
61.0%
0%
ETWOE2open Parent   0.98   
74.0%
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PCTYPaylocity Holdng   1.11   
84.0%
0%
PAYCPaycom Soft   1.31   
100.0%
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Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Other Consideration for investing in Ceridian Stock

If you are still planning to invest in Ceridian HCM Holding check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Ceridian HCM's history and understand the potential risks before investing.
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