Canandaigua National Bank Trust Co. Has 9.11 Million Stock Holdings in Paychex, Inc.
PAYX Stock | USD 140.25 0.99 0.71% |
Slightly above 58% of Paychex's investor base is looking to short. The analysis of overall sentiment of trading Paychex stock suggests that many investors are alarmed at this time. Paychex's investing sentiment can be driven by a variety of factors including economic data, Paychex's earnings reports, geopolitical events, and overall market trends.
Paychex |
Canandaigua National Bank Trust Co. decreased its position in Paychex, Inc. by 2.3 percent during the 4th quarter, according to the company in its most recent disclosure with the Securities Exchange Commission. The fund owned 64,990 shares of the business services providers stock after selling 1,544 shares during the period.
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Paychex Investor Sentiment by Other News Outlets
Investor sentiment, mood or attitude towards Paychex can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Paychex Maximum Pain Price Across January 17th 2025 Option Contracts
Paychex's options can also be used to analyze investors' bias and current market sentiment in the context of behavioral finance. For example, Max pain usually refers to a trading concept that asserts that market manipulation can cause the market price of Paychex close to the expiration of its current option contract to expire worthlessly. According to most research, about 35% of options are not executed, with roughly 50% traded out before expiration. So, Max pain occurs when market makers reach a net favorable position across all options at a strike price where option holders stand to lose the most money. By contrast, option sellers may reap the most after selling more options than buying, causing them to expire worthlessly. Please continue to view the detailed analysis of Paychex's options.
Paychex Fundamental Analysis
We analyze Paychex's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Paychex using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Paychex 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
Paychex 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.
Paychex 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 Paychex stock to make a market-neutral strategy. Peer analysis of Paychex could also be used in its relative valuation, which is a method of valuing Paychex by comparing valuation metrics with similar companies.
Peers
Paychex Related Equities
HSON | Hudson Global | 1.45 | ||||
HSII | Heidrick Struggles | 0.64 | ||||
UPWK | Upwork | 0.44 | ||||
KFRC | Kforce | 0.29 | ||||
KFY | Korn Ferry | 0.30 | ||||
KELYA | Kelly Services | 0.58 | ||||
NSP | Insperity | 0.97 | ||||
TBI | TrueBlue | 1.30 | ||||
RHI | Robert Half | 1.89 | ||||
MAN | ManpowerGroup | 2.17 | ||||
BGSF | BG Staffing | 3.05 |
Additional Tools for Paychex Stock Analysis
When running Paychex's price analysis, check to measure Paychex's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Paychex is operating at the current time. Most of Paychex's value examination focuses on studying past and present price action to predict the probability of Paychex's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Paychex's price. Additionally, you may evaluate how the addition of Paychex to your portfolios can decrease your overall portfolio volatility.