PCTY Stock | | | USD 205.28 3.53 1.75% |
Paylocity Holdng financial indicator trend analysis is much more than just breaking down Paylocity Holdng prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Paylocity Holdng is a good investment. Please check the relationship between Paylocity Holdng Stock Based Compensation and its Net Income accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Paylocity Holdng. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
For more information on how to buy Paylocity Stock please use our
How to Invest in Paylocity Holdng guide.
Stock Based Compensation vs Net Income
Stock Based Compensation vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Paylocity Holdng Stock Based Compensation account and
Net Income. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Paylocity Holdng's Stock Based Compensation and Net Income is 0.97. Overlapping area represents the amount of variation of Stock Based Compensation that can explain the historical movement of Net Income in the same time period over historical financial statements of Paylocity Holdng, assuming nothing else is changed. The correlation between historical values of Paylocity Holdng's Stock Based Compensation and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Stock Based Compensation of Paylocity Holdng are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Stock Based Compensation i.e., Paylocity Holdng's Stock Based Compensation and Net Income go up and down completely randomly.
Correlation Coefficient | 0.97 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Stock Based Compensation
Compensation provided to employees in the form of equity or options to purchase company stock. This type of compensation is used to align the interests of employees and shareholders.
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Paylocity Holdng financial statement analysis. It represents the amount of money remaining after all of Paylocity Holdng operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Most indicators from Paylocity Holdng's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Paylocity Holdng current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Paylocity Holdng. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in estimate.
For more information on how to buy Paylocity Stock please use our
How to Invest in Paylocity Holdng guide.
Selling General Administrative is likely to rise to about 196.8
M in 2024.
Tax Provision is likely to rise to about 73.8
M in 2024
Paylocity Holdng fundamental ratios Correlations
Click cells to compare fundamentals
Paylocity Holdng Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Paylocity Holdng fundamental ratios Accounts
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Additional 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.