Paycom Soft Stock Market Value
| PAYC Stock | USD 227.02 7.24 3.29% |
| Symbol | Paycom |
Is Business Services 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 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.
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.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Paycom Soft on December 3, 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 Atlassian Corp, Datadog, ServiceNow, Trade Desk, HubSpot, Workday, and Shopify. 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.
| Downside Deviation | 1.31 | |||
| Information Ratio | 0.1404 | |||
| Maximum Drawdown | 23.48 | |||
| Value At Risk | (2.24) | |||
| Potential Upside | 3.35 |
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 | 0.1415 | |||
| Jensen Alpha | 0.5735 | |||
| Total Risk Alpha | 0.1307 | |||
| Sortino Ratio | 0.3333 | |||
| Treynor Ratio | (1.46) |
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 appears to be very steady, given 3 months investment horizon. Paycom Soft maintains Sharpe Ratio (i.e., Efficiency) of 0.18, which implies the firm had a 0.18% return per unit of risk over the last 3 months. By analyzing Paycom Soft's technical indicators, you can evaluate if the expected return of 0.55% is justified by implied risk. Please evaluate Paycom Soft's Risk Adjusted Performance of 0.1415, coefficient of variation of 569.54, and Semi Deviation of 0.8137 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Paycom Soft holds a performance score of 13. The company holds a Beta of -0.37, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Paycom Soft are expected to decrease at a much lower rate. During the bear market, Paycom Soft is likely to outperform the market. Please check Paycom Soft's kurtosis, and the relationship between the downside variance and day median price , to make a quick decision on whether Paycom Soft's historical price patterns will revert.
Auto-correlation | -0.38 |
Poor reverse predictability
Paycom Soft has poor reverse predictability. Overlapping area represents the amount of predictability between Paycom Soft time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd of November 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 -0.38 indicates that just about 38.0% of current Paycom Soft price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 435.79 |
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 |
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.When determining whether Paycom Soft offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Paycom Soft's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Paycom Soft Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Paycom Soft Stock: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 Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
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.