TD Cowen downgrades Ceridian HCM to Market Perform, PT raised to 71

CDAYDelisted Stock  USD 68.42  0.65  0.94%   
Slightly above 62% of CDAY Old's investor base is looking to short. The analysis of current outlook of investing in CDAY Old suggests that many traders are alarmed regarding CDAY Old's prospects. CDAY Old's investing sentiment can be driven by a variety of factors including economic data, CDAY Old's earnings reports, geopolitical events, and overall market trends.
  
Ceridian HCM downgraded to Market Perform by TD Cowen with price target raised from 71 from 69.The research group sees that the valuation is already giving due credit for...

Read at seekingalpha.com
seekingalpha News
  

CDAY Old Fundamental Analysis

We analyze CDAY Old's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of CDAY Old using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of CDAY Old 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.

Market Capitalization

Market Capitalization Comparative Analysis

CDAY Old is currently under evaluation in market capitalization category among its peers. Market Capitalization is the total market value of a company's equity. It is one of many ways to value a company and is calculated by multiplying the price of the stock by the number of shares issued. If a firm has one type of stock its market capitalization will be the current market share price multiplied by the number of shares. However, if a company has multiple types of equities then the market cap will be the total of the market caps of the different types of shares.

CDAY Old Potential Pair-trading

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with CDAY Old stock to make a market-neutral strategy. Peer analysis of CDAY Old could also be used in its relative valuation, which is a method of valuing CDAY Old by comparing valuation metrics with similar companies.

Peers

CDAY Old Related Equities

ANSSANSYS   1.30   
0%
6.0%
GWREGuidewire Software   1.10   
0%
5.0%
AZPNAspen Technology   0.96   
0%
4.0%
ROPRoper Technologies,   0.69   
0%
3.0%
ENFNEnfusion   0.36   
0%
1.0%
PYCRPaycor HCM   0.05   
0%
1.0%
MANHManhattan Associates   0.05   
1.0%
0%
PCTYPaylocity Holdng   0.22   
1.0%
0%
CWANClearwater Analytics   0.32   
1.0%
0%
ETWOE2open Parent   0.39   
1.0%
0%
PAYCPaycom Soft   0.52   
2.0%
0%
ALKTAlkami Technology   1.29   
6.0%
0%
CVLTCommVault Systems   1.57   
7.0%
0%
AGYSAgilysys   20.04   
100.0%
0%
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.
You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.

Other Consideration for investing in CDAY Stock

If you are still planning to invest in CDAY Old check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the CDAY Old's history and understand the potential risks before investing.
Economic Indicators
Top statistical indicators that provide insights into how an economy is performing
Funds Screener
Find actively-traded funds from around the world traded on over 30 global exchanges
Bond Analysis
Evaluate and analyze corporate bonds as a potential investment for your portfolios.
Investing Opportunities
Build portfolios using our predefined set of ideas and optimize them against your investing preferences
Portfolio Volatility
Check portfolio volatility and analyze historical return density to properly model market risk
Aroon Oscillator
Analyze current equity momentum using Aroon Oscillator and other momentum ratios
Price Transformation
Use Price Transformation models to analyze the depth of different equity instruments across global markets
Portfolio Anywhere
Track or share privately all of your investments from the convenience of any device
Performance Analysis
Check effects of mean-variance optimization against your current asset allocation