Dayforce Stock Market Value
| DAY Stock | 70.74 0.17 0.24% |
| Symbol | Dayforce |
Is Application Software space 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 Dayforce. If investors know Dayforce 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 Dayforce listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Dayforce is measured differently than its book value, which is the value of Dayforce that is recorded on the company's balance sheet. Investors also form their own opinion of Dayforce's value that differs from its market value or its book value, called intrinsic value, which is Dayforce'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 Dayforce's market value can be influenced by many factors that don't directly affect Dayforce'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 Dayforce's value and its price as these two are different measures arrived at by different means. Investors typically determine if Dayforce is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dayforce'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.
Dayforce '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 Dayforce'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 Dayforce.
| 12/03/2024 |
| 02/01/2025 |
If you would invest 0.00 in Dayforce on December 3, 2024 and sell it all today you would earn a total of 0.00 from holding Dayforce or generate 0.0% return on investment in Dayforce over 60 days. Dayforce is related to or competes with Verde Clean, BlackRock, Digi International, Carlyle, Pinterest, BK Technologies, and Sphere Entertainment. More
Dayforce 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 Dayforce'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 Dayforce upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 9.91 | |||
| Value At Risk | (3.40) | |||
| Potential Upside | 2.39 |
Dayforce Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dayforce's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dayforce's standard deviation. In reality, there are many statistical measures that can use Dayforce historical prices to predict the future Dayforce's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | (0.09) |
Dayforce Backtested Returns
Dayforce secures Sharpe Ratio (or Efficiency) of -0.05, which denotes the company had a -0.05 % return per unit of risk over the last 3 months. Dayforce exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Dayforce's Variance of 3.16, mean deviation of 1.27, and Standard Deviation of 1.78 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.11, which means a somewhat significant risk relative to the market. Dayforce returns are very sensitive to returns on the market. As the market goes up or down, Dayforce is expected to follow. At this point, Dayforce has a negative expected return of -0.0889%. Please make sure to confirm Dayforce's value at risk, daily balance of power, as well as the relationship between the Daily Balance Of Power and price action indicator , to decide if Dayforce performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.06 |
Virtually no predictability
Dayforce has virtually no predictability. Overlapping area represents the amount of predictability between Dayforce time series from 3rd of December 2024 to 2nd of January 2025 and 2nd of January 2025 to 1st of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Dayforce price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Dayforce price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 1.48 |
Dayforce lagged returns against current returns
Autocorrelation, which is Dayforce 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 Dayforce's stock expected returns. We can calculate the autocorrelation of Dayforce returns to help us make a trade decision. For example, suppose you find that Dayforce 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 |
Dayforce 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 Dayforce stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dayforce stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dayforce stock over time.
Current vs Lagged Prices |
| Timeline |
Dayforce Lagged Returns
When evaluating Dayforce's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dayforce stock have on its future price. Dayforce 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, Dayforce autocorrelation shows the relationship between Dayforce stock current value and its past values and can show if there is a momentum factor associated with investing in Dayforce.
Regressed Prices |
| Timeline |
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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 Dayforce Stock Analysis
When running Dayforce's price analysis, check to measure Dayforce'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 Dayforce is operating at the current time. Most of Dayforce's value examination focuses on studying past and present price action to predict the probability of Dayforce's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dayforce's price. Additionally, you may evaluate how the addition of Dayforce to your portfolios can decrease your overall portfolio volatility.