Premarket Mover Ceridian HCM Holding Inc Up 0.62 percent - InvestorsObserver

CDAYDelisted Stock  USD 68.42  0.65  0.94%   
Slightly above 62% of Ceridian HCM's investor base is looking to short. The analysis of current outlook of investing in Ceridian HCM Holding suggests that many traders are alarmed regarding Ceridian HCM's prospects. Ceridian HCM's investing sentiment can be driven by a variety of factors including economic data, Ceridian HCM's earnings reports, geopolitical events, and overall market trends.
  
Premarket Mover Ceridian HCM Holding Inc Up 0.62 InvestorsObserver

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Ceridian HCM Fundamental Analysis

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

Return On Asset

Return On Asset Comparative Analysis

Ceridian HCM is currently under evaluation in return on asset category among its peers. Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.

Ceridian HCM Holding 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 Ceridian HCM stock to make a market-neutral strategy. Peer analysis of Ceridian HCM could also be used in its relative valuation, which is a method of valuing Ceridian HCM by comparing valuation metrics with similar companies.

Peers

Ceridian HCM Related Equities

ETWOE2open Parent   5.20   
0%
100.0%
CVLTCommVault Systems   4.24   
0%
81.0%
AGYSAgilysys   2.82   
0%
54.0%
CWANClearwater Analytics   2.39   
0%
45.0%
ENFNEnfusion   2.23   
0%
42.0%
PCTYPaylocity Holdng   2.13   
0%
40.0%
ALKTAlkami Technology   1.71   
0%
32.0%
MANHManhattan Associates   1.49   
0%
28.0%
PYCRPaycor HCM   1.09   
0%
20.0%
ANSSANSYS   0.69   
0%
13.0%
GWREGuidewire Software   0.55   
0%
10.0%
AZPNAspen Technology   0.40   
0%
7.0%
ROPRoper Technologies,   0.17   
0%
3.0%
PAYCPaycom Soft   1.74   
33.0%
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.
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Other Consideration for investing in Ceridian Stock

If you are still planning to invest in Ceridian HCM Holding 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 Ceridian HCM's history and understand the potential risks before investing.
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