CDAY Old Correlations

Summary

CDAYDelisted Stock

USD 68.42 0.65 0.94%

The current 90-days correlation between CDAY Old and Paycor HCM is -0.03 (i.e., Good diversification). The correlation of CDAY Old is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

CDAY Old Correlation With Market

Good diversification

The correlation between CDAY Old and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CDAY Old and DJI in the same portfolio, assuming nothing else is changed.

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.

Moving together with CDAY Stock

0.62	FNMFO	Federal National Mortgage	Pair Corr
0.63	TDUP	ThredUp	Pair Corr
0.63	BKSY	Blacksky Technology	Pair Corr
0.61	SHOP	Shopify	Pair Corr
0.65	TSLA	Tesla Inc Fiscal Year End 22nd of January 2025	Pair Corr

Moving against CDAY Stock

0.63	BCH	Banco De Chile	Pair Corr
0.62	SHG	Shinhan Financial	Pair Corr
0.62	KB	KB Financial Group	Pair Corr
0.59	WF	Woori Financial Group	Pair Corr
0.31	BAC-PL	Bank of America	Pair Corr

Related Correlations Analysis

	PYCR	MANH	MODN	PAYC	PCTY	PWSC	ALKT	CWAN	MNTV	CVLT
PYCR		0.08	0.65	0.81	0.83	0.91	0.66	0.6	0.42	0.52	PYCR
MANH	0.08		-0.17	0.07	-0.02	-0.08	0.04	0.13	0.07	0.23	MANH
MODN	0.65	-0.17		0.6	0.68	0.66	0.79	0.57	0.63	0.17	MODN
PAYC	0.81	0.07	0.6		0.95	0.68	0.68	0.84	0.4	0.78	PAYC
PCTY	0.83	-0.02	0.68	0.95		0.71	0.73	0.85	0.46	0.7	PCTY
PWSC	0.91	-0.08	0.66	0.68	0.71		0.63	0.49	0.53	0.4	PWSC
ALKT	0.66	0.04	0.79	0.68	0.73	0.63		0.68	0.61	0.38	ALKT
CWAN	0.6	0.13	0.57	0.84	0.85	0.49	0.68		0.43	0.72	CWAN
MNTV	0.42	0.07	0.63	0.4	0.46	0.53	0.61	0.43		0.23	MNTV
CVLT	0.52	0.23	0.17	0.78	0.7	0.4	0.38	0.72	0.23		CVLT
	PYCR	MANH	MODN	PAYC	PCTY	PWSC	ALKT	CWAN	MNTV	CVLT

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

PCTY	+ 0.95	PAYC
PWSC	+ 0.91	PYCR
CWAN	+ 0.85	PCTY
CWAN	+ 0.84	PAYC
PCTY	+ 0.83	PYCR
PAYC	+ 0.81	PYCR

High negative correlations

MODN	- 0.17	MANH
PWSC	- 0.08	MANH
PCTY	- 0.02	MANH

Risk-Adjusted Indicators

There is a big difference between CDAY Stock performing well and CDAY Old Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze CDAY Old's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PYCR	1.81	0.77	0.38	2.79	1.27	(2.13)	3.37	(2.96)	7.75
MANH	1.35	(0.03)	0.00	(0.04)	0.00	0.00	3.13	(3.75)	10.03
MODN	0.50	0.15	0.17	0.74	0.29	(0.69)	1.01	(0.50)	10.58
PAYC	1.58	0.36	0.15	0.66	1.88	(1.79)	3.30	(2.24)	31.43
PCTY	1.35	0.29	0.16	1.20	1.43	(1.45)	3.31	(2.80)	12.80
PWSC	0.08	0.02	0.00	2.57	0.00	(0.11)	0.18	(0.13)	0.71
ALKT	2.12	0.19	0.06	0.50	2.77	(2.21)	5.03	(5.27)	12.66
CWAN	1.63	0.15	0.06	0.35	2.06	(1.50)	2.80	(3.23)	20.31
MNTV	0.90	0.48	2.54	0.87	0.00	(1.77)	0.43	(0.21)	20.63
CVLT	2.05	0.15	0.05	0.53	2.52	(2.34)	4.24	(3.73)	28.61

Delisting Warning - CDAY

CDAY Old was delisted

The entity CDAY Old with a symbol CDAY was delisted from NASDAQ Exchange. Please try Dayforce with a symbol DAY from now on. Check all delisted instruments accross multiple markets.

Still Interested in CDAY Old?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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