Bank of Nova Scotia Decreases Stock Holdings in Ceridian HCM Holding Inc.
Slightly above 67% 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.
Ceridian |
Bank of Nova Scotia reduced its holdings in shares of Ceridian HCM Holding Inc. by 41.7 percent in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,004 shares of the companys stock after selling 4,302 shares during the period.
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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.
Shares Outstanding
Shares Outstanding Comparative Analysis
Ceridian HCM is currently under evaluation in shares outstanding category among its peers. Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
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
| AGYS | Agilysys | 2.50 | ||||
| PAYC | Paycom Soft | 1.65 | ||||
| GWRE | Guidewire Software | 0.93 | ||||
| ROP | Roper Technologies, | 0.36 | ||||
| ANSS | ANSYS | 0.43 | ||||
| CVLT | CommVault Systems | 0.55 | ||||
| CWAN | Clearwater Analytics | 0.63 | ||||
| PCTY | Paylocity Holdng | 1.05 | ||||
| MANH | Manhattan Associates | 1.21 | ||||
| ALKT | Alkami Technology | 2.18 | ||||
| ETWO | E2open Parent | 3.02 |
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 FinTech Suite module to use AI to screen and filter profitable investment opportunities.
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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