Dayforce Stock Price on April 1, 2024

DAY Stock   107.52  1.02  0.96%   
Below is the normalized historical share price chart for Dayforce extending back to April 26, 2018. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Dayforce stands at 107.52, as last reported on the 23rd of December, with the highest price reaching 108.67 and the lowest price hitting 106.20 during the day.
200 Day MA
84.9019
50 Day MA
104.4289
Beta
1.271
 
Covid
If you're considering investing in Dayforce Stock, it is important to understand the factors that can impact its price. Dayforce appears to be very steady, given 3 months investment horizon. Dayforce secures Sharpe Ratio (or Efficiency) of 0.22, which denotes the company had a 0.22% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Dayforce, which you can use to evaluate the volatility of the firm. Please utilize Dayforce's Coefficient Of Variation of 463.65, mean deviation of 1.48, and Downside Deviation of 1.63 to check if our risk estimates are consistent with your expectations.
  
Dayforce Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.2189

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Estimated Market Risk

 2.11
  actual daily
18
82% of assets are more volatile

Expected Return

 0.46
  actual daily
9
91% of assets have higher returns

Risk-Adjusted Return

 0.22
  actual daily
17
83% of assets perform better
Based on monthly moving average Dayforce is performing at about 17% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Dayforce by adding it to a well-diversified portfolio.
Price Book
4.6353
Enterprise Value Ebitda
39.928
Price Sales
10.0332
Shares Float
140.2 M
Wall Street Target Price
72.794

Dayforce Valuation on April 1, 2024

It is possible to determine the worth of Dayforce on a given historical date. On April 1, 2024 Dayforce was worth 88.89 at the beginning of the trading date compared to the closed value of 88.42. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Dayforce stock. Still, in general, we apply an absolute valuation method to find Dayforce's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Dayforce where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Dayforce's related companies.
 Open High Low Close Volume
  90.00    90.00    89.01    89.83    6,700  
04/01/2024
  88.89    89.53    87.80    88.42    4,698  
  87.29    87.92    85.74    87.85    9,578  
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Open Value
88.89
88.42
Closing Value
95.22
Upside

Dayforce Trading Date Momentum on April 1, 2024

On April 02 2024 Dayforce was traded for  87.85  at the closing time. The maximum traded price for the trading interval was 87.92  and the lowest daily price was  85.74 . The daily volume was recorded at 9.6 K. The volume of trading on 2nd of April 2024 played a part in the next trading day price drop. The overall trading delta to the next closing price was 0.64% . The overall trading delta to the closing price today is 3.71% .

Dayforce Fundamentals Correlations and Trends

By evaluating Dayforce's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Dayforce's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Dayforce financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Dayforce Stock history

Dayforce investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Dayforce is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Dayforce will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Dayforce stock prices may prove useful in developing a viable investing in Dayforce

Dayforce Stock Technical Analysis

Dayforce 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.
A focus of Dayforce technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Dayforce trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Dayforce Period Price Range

Low
December 23, 2024
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High

 0.00 

     

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Dayforce December 23, 2024 Market Strength

Market strength indicators help investors to evaluate how Dayforce stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Dayforce shares will generate the highest return on investment. By undertsting and applying Dayforce stock market strength indicators, traders can identify Dayforce entry and exit signals to maximize returns

Dayforce Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Dayforce's price direction in advance. Along with the technical and fundamental analysis of Dayforce Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Dayforce to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
When determining whether Dayforce offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Dayforce'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 Dayforce Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Dayforce Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dayforce. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
To learn how to invest in Dayforce Stock, please use our How to Invest in Dayforce guide.
You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
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.