Paychex Competitors

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Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Paychex's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Paychex in the context of predictive analytics.
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Please note, it is not enough to conduct a financial or market analysis of a single entity such as Paychex. Your research has to be compared to or analyzed against Paychex's peers to derive any actionable benefits. When done correctly, Paychex's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Paychex.

Paychex Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Paychex and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Paychex and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Paychex does not affect the price movement of the other competitor.
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Paychex Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Paychex Stock performing well and Paychex company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Paychex's multiple risk-adjusted performance indicators. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
At Risk
CTAS 1.36  0.04  0.02  0.09  1.65  0.0226 (1.43)  3.26 (2.92)  8.24 
CTSH 1.71 (0.16)  0.00 (0.08)  0.00 (0.06)  0.00  2.76 (3.48)  17.66 
ECL 1.98 (0.25)  0.00 (0.11)  0.00 (0.09)  0.00  3.26 (4.02)  13.81 
FIS 2.03 (0.53)  0.00 (0.39)  0.00 (0.13)  0.00  3.69 (3.36)  32.24 
FLT 1.98 (0.34)  0.00 (0.17)  0.00 (0.13)  0.00  3.36 (3.50)  12.24 
GPN 2.10 (0.39)  0.00 (0.24)  0.00 (0.13)  0.00  3.19 (3.84)  17.19 
IRM 1.93 (0.06) (0.02)  0.01  2.76 (0.0182) (1.85)  3.82 (3.58)  14.46 
PBI 2.85  0.25  0.08  0.22  3.30  0.07 (3.29)  8.00 (6.07)  19.63 

Cross Equities Net Income Analysis

Compare Paychex and related stocks such as Cintas Corp, Cognizant Tech Sol, Ecolab Inc, Fidelity National, Fleetcor Technologies, Global Payments, Iron Mountain, and Pitney Bowes Net Income Over Time
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CTAS215.6 M297.6 M315.4 M374.4 M430.6 M693.5 M480.7 M842.6 M885 M876 M1.1 B1.2 B1.3 B
CTSH733.5 M883.6 M1.1 B1.2 B1.4 B1.6 B1.6 B1.5 B2.1 B1.8 B1.4 B2.1 B1.7 B
ECL530.3 M462.5 M703.6 M967.8 M1.2 BB1.2 B1.5 B1.4 B1.6 B(1.2 B)1.1 B963.8 M
FIS404.5 M469.6 M461.2 M493.1 M679.1 M631.5 M568 M1.3 B846 M298 M158 M417 M544.9 M
FLT107.9 M147.3 M216.2 M284.5 M368.7 M362.4 M452.4 M740.2 M811.5 M895.1 M704.2 M839.5 M905.8 M
GPN203.3 M188.2 M216.1 M245.3 M278 M271.7 M124.9 M468.4 M452.1 M430.6 M584.5 M965.5 MB
IRM(53.9 M)395.5 M171.7 M97.3 M326.1 M123.2 M104.8 M183.8 M363.4 M267.4 M342.7 M450.2 M485.8 M
PBI292.4 M617.5 M445.2 M142.8 M333.8 M407.9 M92.8 M261.3 M223.7 M194.6 M(181.5 M)(1.4 M)(1.4 M)

Paychex and related stocks such as Cintas Corp, Cognizant Tech Sol, Ecolab Inc, Fidelity National, Fleetcor Technologies, Global Payments, Iron Mountain, and Pitney Bowes Net Income description

Net income is one of the most important fundamental items in finance. It plays a large role in Paychex financial statement analysis. It represents the amount of money remaining after all of Paychex operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue. The portion of profit or loss for the period; net of income taxes; which is attributable to the parent after the deduction of Net Income Available to Non-controlling Interests from Consolidated Income; and before the deduction of Preferred Dividends.

Paychex Competitive Analysis

The better you understand Paychex competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Paychex's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Paychex's competition over several years is one of the best ways to analyze its investment potential.
 Better Than Average     
 Worse Than Peers    View Performance Chart
Iron Mountain
Market Volatility
(90 Days Market Risk)
Market Performance
(90 Days Performance)
Odds of Financial Distress
(Probability Of Bankruptcy)
Current Valuation
(Equity Enterprise Value)
Buy or Sell Advice
(Average Analysts Consensus)
Trade Advice
(90 Days Macroaxis Advice)
Number of Shares Shorted
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Z Score
Shares Owned by Institutions
Return On Asset
Book Value Per Share
Cash and Equivalents
Price to Earnings To Growth
Current Liabilities
Total Asset
Short Ratio
Last Dividend Paid
Price to Sales
Market Capitalization
Cash per Share
Net Income
Earnings Per Share
Debt to Equity
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Gross Profit
Day Typical Price
Accumulation Distribution
Market Facilitation Index
Daily Balance Of Power
Rate Of Daily Change
Day Median Price
Price Action Indicator
Coefficient Of Variation
Mean Deviation
Jensen Alpha
Total Risk Alpha
Sortino Ratio
Downside Variance
Standard Deviation
Potential Upside
Treynor Ratio
Maximum Drawdown
Market Risk Adjusted Performance
Risk Adjusted Performance
Semi Deviation
Information Ratio
Value At Risk
Expected Short fall
Downside Deviation
Semi Variance

Paychex Competition Performance Charts

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Please check Paychex Correlation with its peers. You can also try Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .

Complementary Tools for analysis

When running Paychex 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 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.
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Is Paychex's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Paychex. If investors know Paychex will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Paychex listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
Market Capitalization
44.4 B
Quarterly Revenue Growth YOY
Return On Assets
Return On Equity
The market value of Paychex is measured differently than its book value, which is the value of Paychex that is recorded on the company's balance sheet. Investors also form their own opinion of Paychex's value that differs from its market value or its book value, called intrinsic value, which is Paychex's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Paychex's market value can be influenced by many factors that don't directly affect Paychex's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Paychex's value and its price as these two are different measures arrived at by different means. Investors typically determine Paychex value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Paychex's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

USD 121.20  2.01  1.63%   

Paychex competes with Cintas Corp, Cognizant Tech, Ecolab, Fidelity National, and Fleetcor Technologies; as well as few others. The company conducts business under Industrials sector and is part of Staffing & Employment Services industry. Analyzing Paychex competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Paychex to its intrinsic valuation because they are able to contrast its competitors on a relative basis.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Paychex competition on your existing holdings. Please check Paychex Correlation with its peers.
Paychex Return on Investment is fairly stable at the moment as compared to the past year. Paychex reported Return on Investment of 48.14 in 2021. Return on Invested Capital is likely to rise to 1.11 in 2022, whereas Return on Average Assets are likely to drop 12.55 in 2022. Paychex Goodwill and Intangible Assets are fairly stable at the moment as compared to the past year. Paychex reported Goodwill and Intangible Assets of 2.51 Billion in 2021. Tax Assets is likely to rise to about 28 M in 2022, whereas Total Assets are likely to drop slightly above 8.1 B in 2022.