Ceridian HCM Holding Inc at Goldman Sachs Technology and Internet Conference Transcript

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.
  
Feb 11, 2021 0240PM GMTChristopher David Merwin - Goldman Sachs Group, Inc., Research Division - Research Analyst Okay. Good morning, everybody. Im Chris Me

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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.

Working Capital

Working Capital Comparative Analysis

CDAY Old is currently under evaluation in working capital category among its peers. Working Capital is a measure of company efficiency and operating liquidity. The working capital is usually calculated by subtracting Current Liabilities from Current Assets. It is an important indicator of the firm ability to continue its normal operations without additional debt obligations. .

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

CWANClearwater Analytics   3.29   
0%
39.0%
ANSSANSYS   1.60   
0%
19.0%
ENFNEnfusion   1.00   
0%
11.0%
ALKTAlkami Technology   0.85   
0%
10.0%
ROPRoper Technologies,   0.62   
0%
7.0%
PAYCPaycom Soft   0.59   
0%
7.0%
AZPNAspen Technology   0.22   
0%
2.0%
PYCRPaycor HCM   0.05   
0%
1.0%
CVLTCommVault Systems   0.27   
3.0%
0%
ETWOE2open Parent   0.39   
4.0%
0%
GWREGuidewire Software   0.66   
7.0%
0%
MANHManhattan Associates   0.73   
8.0%
0%
PCTYPaylocity Holdng   1.15   
13.0%
0%
AGYSAgilysys   8.39   
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 Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.

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.
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