Dayforce Stock Target Price
| DAY Stock | 107.52 1.02 0.96% |
Dayforce fundamentals help investors to digest information that contributes to Dayforce's financial success or failures. It also enables traders to predict the movement of Dayforce Stock. The fundamental analysis module provides a way to measure Dayforce's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Dayforce stock.
Dayforce |
Dayforce Target Price Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Dayforce's direct or indirect competition against its Target Price to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Dayforce could also be used in its relative valuation, which is a method of valuing Dayforce by comparing valuation metrics of similar companies.Dayforce is rated # 5 in target price category among its peers.
Dayforce Fundamentals
| Return On Equity | 0.0219 | ||||
| Return On Asset | 0.0078 | ||||
| Profit Margin | 0.03 % | ||||
| Operating Margin | 0.06 % | ||||
| Current Valuation | 17.76 B | ||||
| Shares Outstanding | 157.7 M | ||||
| Shares Owned By Insiders | 1.20 % | ||||
| Shares Owned By Institutions | 98.80 % | ||||
| Number Of Shares Shorted | 95.03 K | ||||
| Price To Book | 4.59 X | ||||
| Price To Sales | 9.96 X | ||||
| Revenue | 1.69 B | ||||
| EBITDA | 252.1 M | ||||
| Book Value Per Share | 16.20 X | ||||
| Short Ratio | 2.25 X | ||||
| Earnings Per Share | 0.49 X | ||||
| Price To Earnings To Growth | 5.37 X | ||||
| Target Price | 72.85 | ||||
| Number Of Employees | 9.08 K | ||||
| Beta | 1.27 | ||||
| Market Capitalization | 16.88 B |
About Dayforce Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Dayforce's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Dayforce using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Dayforce based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Dayforce
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Dayforce position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Dayforce will appreciate offsetting losses from the drop in the long position's value.Moving together with Dayforce Stock
Moving against Dayforce Stock
| 0.9 | REAL | Real Matters | PairCorr |
| 0.87 | CMC | Cielo Waste Solutions | PairCorr |
| 0.77 | AEMC | Alaska Energy Metals | PairCorr |
| 0.52 | MAS | MAS Gold Corp | PairCorr |
| 0.4 | PNTI-P | Pentagon I Capital | PairCorr |
The ability to find closely correlated positions to Dayforce could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dayforce when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Dayforce - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Dayforce to buy it.
The correlation of Dayforce 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Dayforce moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dayforce moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Dayforce can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.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 Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.