CDAY Old Cash Per Share vs. EBITDA
| CDAYDelisted Stock | USD 68.42 0.65 0.94% |
For CDAY Old profitability analysis, we use financial ratios and fundamental drivers that measure the ability of CDAY Old to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well CDAY Old utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between CDAY Old's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of CDAY Old over time as well as its relative position and ranking within its peers.
CDAY |
CDAY Old EBITDA vs. Cash Per Share Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining CDAY Old's current stock value. Our valuation model uses many indicators to compare CDAY Old value to that of its competitors to determine the firm's financial worth. CDAY Old is rated below average in cash per share category among its peers. It is rated below average in ebitda category among its peers totaling about 87,066,116 of EBITDA per Cash Per Share. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the CDAY Old's earnings, one of the primary drivers of an investment's value.CDAY EBITDA vs. Cash Per Share
Cash per Share is a ratio of current cash on hands or in the banks of the company to a total number of shares outstanding. It is used to determine a firm's liquidity and is a good indicator of the overall financial health of a company. Value investors often compare this ratio to the current stock quote, and if it exceeds the stock price they would invest in it.
CDAY Old |
| = | 2.42 X |
Companies with high Cash per Share ratio will be considered as an attractive investment by most investors. In most industries if you can single out an equity instrument trading below its cash per share value, you have a bargain and should consider buying it. Finding the stocks traded below their cash value, therefore, can be a good starting point for investors using strategies based on fundamentals.
EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
CDAY Old |
| = | 210.7 M |
In a nutshell, EBITDA is calculated by adding back each of the excluded items to the post-tax profit, and can be used to compare companies with very different capital structures.
CDAY EBITDA Comparison
CDAY Old is currently under evaluation in ebitda category among its peers.
CDAY Old Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in CDAY Old, profitability is also one of the essential criteria for including it into their portfolios because, without profit, CDAY Old will eventually generate negative long term returns. The profitability progress is the general direction of CDAY Old's change in net profit over the period of time. It can combine multiple indicators of CDAY Old, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Ceridian HCM Holding Inc., together with its subsidiaries, operates as a human capital management software company in the United States, Canada, and internationally. The company was incorporated in 2013 and is headquartered in Minneapolis, Minnesota. Ceridian Hcm operates under SoftwareApplication classification in the United States and is traded on New York Stock Exchange. It employs 7462 people.
CDAY Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on CDAY Old. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of CDAY Old position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the CDAY Old's important profitability drivers and their relationship over time.
Use CDAY Old in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if CDAY Old position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in CDAY Old will appreciate offsetting losses from the drop in the long position's value.CDAY Old Pair Trading
CDAY Old Pair Trading Analysis
The ability to find closely correlated positions to CDAY Old could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CDAY Old when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back CDAY Old - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling CDAY Old to buy it.
The correlation of CDAY Old is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CDAY Old moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CDAY Old moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for CDAY Old can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your CDAY Old position
In addition to having CDAY Old in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Software Thematic Idea Now
Software
Companies that develop and distribute software and software systems to individuals or business. The Software theme has 38 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Software Theme or any other thematic opportunities.
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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 Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
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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