Paycom Software (Brazil) Market Value
| P1YC34 Stock | 39.52 0.02 0.05% |
| Symbol | Paycom |
Paycom Software 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Paycom Software's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Paycom Software.
| 12/19/2024 |
| 03/19/2025 |
If you would invest 0.00 in Paycom Software on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Paycom Software or generate 0.0% return on investment in Paycom Software over 90 days. Paycom Software is related to or competes with Host Hotels, Live Nation, GP Investments, and Microchip Technology. More
Paycom Software Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Paycom Software's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Paycom Software upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 9.87 | |||
| Value At Risk | (2.66) | |||
| Potential Upside | 2.05 |
Paycom Software Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Paycom Software's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Paycom Software's standard deviation. In reality, there are many statistical measures that can use Paycom Software historical prices to predict the future Paycom Software's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | 11.0 |
Paycom Software Backtested Returns
Paycom Software maintains Sharpe Ratio (i.e., Efficiency) of -0.14, which implies the firm had a -0.14 % return per unit of risk over the last 3 months. Paycom Software exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Paycom Software's Risk Adjusted Performance of (0.12), coefficient of variation of (714.48), and Variance of 2.85 to confirm the risk estimate we provide. The company holds a Beta of -0.0224, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Paycom Software are expected to decrease at a much lower rate. During the bear market, Paycom Software is likely to outperform the market. At this point, Paycom Software has a negative expected return of -0.25%. Please make sure to check Paycom Software's skewness, daily balance of power, day median price, as well as the relationship between the kurtosis and rate of daily change , to decide if Paycom Software performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.19 |
Insignificant reverse predictability
Paycom Software has insignificant reverse predictability. Overlapping area represents the amount of predictability between Paycom Software time series from 19th of December 2024 to 2nd of February 2025 and 2nd of February 2025 to 19th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Paycom Software price movement. The serial correlation of -0.19 indicates that over 19.0% of current Paycom Software price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 1.02 |
Paycom Software lagged returns against current returns
Autocorrelation, which is Paycom Software stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Paycom Software's stock expected returns. We can calculate the autocorrelation of Paycom Software returns to help us make a trade decision. For example, suppose you find that Paycom Software has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Paycom Software regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Paycom Software stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Paycom Software stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Paycom Software stock over time.
Current vs Lagged Prices |
| Timeline |
Paycom Software Lagged Returns
When evaluating Paycom Software's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Paycom Software stock have on its future price. Paycom Software autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Paycom Software autocorrelation shows the relationship between Paycom Software stock current value and its past values and can show if there is a momentum factor associated with investing in Paycom Software.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Paycom Stock
Paycom Software financial ratios help investors to determine whether Paycom Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Paycom with respect to the benefits of owning Paycom Software security.