Dayforce Return On Equity vs. Book Value Per Share
| DAY Stock | 107.52 1.02 0.96% |
For Dayforce profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Dayforce to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Dayforce utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Dayforce's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Dayforce over time as well as its relative position and ranking within its peers.
Dayforce |
Dayforce Book Value Per Share vs. Return On Equity Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Dayforce's current stock value. Our valuation model uses many indicators to compare Dayforce value to that of its competitors to determine the firm's financial worth. Dayforce is one of the top stocks in return on equity category among its peers. It also is one of the top stocks in book value per share category among its peers creating about 739.63 of Book Value Per Share per Return On Equity. Comparative valuation analysis is a catch-all model that can be used if you cannot value Dayforce by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Dayforce's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Dayforce Book Value Per Share vs. Return On Equity
Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
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| = | 0.0219 |
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
Book Value per Share (B/S) can be calculated by subtracting liabilities from assets, and then dividing it by the total number of currently outstanding shares. It indicates the level of safety associated with each common share after removing the effects of liabilities. In other words, a shareholder can use this ratio to see how much he or she can sell the stake in the company in the event of a liquidation.
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| = | 16.20 X |
The naive approach to look at Book Value per Share is to compare it to current stock price. If Book Value per Share is higher than the currently traded stock price, the company can be considered undervalued. However, investors must be aware that conventional calculation of Book Value does not include intangible assets such as goodwill, intellectual property, trademarks or brands and may not be an appropriate measure for many firms.
Dayforce Book Value Per Share Comparison
Dayforce is currently under evaluation in book value per share category among its peers.
Dayforce Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Dayforce, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Dayforce will eventually generate negative long term returns. The profitability progress is the general direction of Dayforce's change in net profit over the period of time. It can combine multiple indicators of Dayforce, 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.
Dayforce is entity of Canada. It is traded as Stock on TO exchange.
Dayforce Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Dayforce. 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 Dayforce 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 Dayforce's important profitability drivers and their relationship over time.
Use Dayforce 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 Dayforce 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 Dayforce will appreciate offsetting losses from the drop in the long position's value.Dayforce Pair Trading
Dayforce Pair Trading Analysis
The ability to find closely correlated positions to Dayforce could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dayforce 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 Dayforce - 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 Dayforce to buy it.
The correlation of Dayforce 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 Dayforce moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dayforce 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 Dayforce 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 Dayforce position
In addition to having Dayforce 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 Education Thematic Idea Now
Education
Companies involved in apprenticeship, education, tutoring, schooling, online universities, and other learning services. The Education theme has 42 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 Education Theme or any other thematic opportunities.
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Check out Investing Opportunities. To learn how to invest in Dayforce Stock, please use our How to Invest in Dayforce guide.You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
To fully project Dayforce's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Dayforce at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Dayforce's income statement, its balance sheet, and the statement of cash flows.