Paylocity Holdings Stock Forecast - 20 Period Moving Average

PCTY
 Stock
  

USD 252.33  8.65  3.55%   

Paylocity Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Paylocity Holdings historical stock prices and determine the direction of Paylocity Holdings Corp's future trends based on various well-known forecasting models. However, solely looking at the historical price movement is usually misleading. Macroaxis recommends to always use this module together with analysis of Paylocity Holdings historical fundamentals such as revenue growth or operating cash flow patterns.
Please check Historical Fundamental Analysis of Paylocity Holdings to cross-verify your projections.
  

Open Interest Agains t 2022-10-21 Paylocity Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast Paylocity Holdings' spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest Paylocity Holdings' options reflect these daily shifts, investors could use the patterns of these changes to develop long and short trading strategies Paylocity Holdings stock based on available contracts left at the end of a trading day.
Please note, to derive more accurate forecasting about market movement from the current Paylocity Holdings' open interest, investors have to compare it to Paylocity Holdings' spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Paylocity Holdings is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Paylocity. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Paylocity Holdings cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Paylocity Holdings' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Paylocity Holdings' price structures and extracts relationships that further increase the generated results' accuracy.
A commonly used 20-period moving average forecast model for Paylocity Holdings Corp is based on a synthetically constructed Paylocity Holdingsdaily price series in which the value for a trading day is replaced by the mean of that value and the values for 20 of preceding and succeeding time periods. This model is best suited for price series data that changes over time.

Paylocity Holdings 20 Period Moving Average Price Forecast For the 6th of October

Given 90 days horizon, the 20 Period Moving Average forecasted value of Paylocity Holdings Corp on the next trading day is expected to be 248.87 with a mean absolute deviation of 15.78, mean absolute percentage error of 576.49, and the sum of the absolute errors of 647.00.
Please note that although there have been many attempts to predict Paylocity Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Paylocity Holdings' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Paylocity Holdings Stock Forecast Pattern

Backtest Paylocity HoldingsPaylocity Holdings Price PredictionBuy or Sell Advice 

Paylocity Holdings Forecasted Value

In the context of forecasting Paylocity Holdings' Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Paylocity Holdings' downside and upside margins for the forecasting period are 245.70 and 252.05, respectively. We have considered Paylocity Holdings' daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Market Value 252.33
245.70
Downside
248.87
Expected Value
252.05
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the 20 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Paylocity Holdings stock data series using in forecasting. Note that when a statistical model is used to represent Paylocity Holdings stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.
AICAkaike Information Criteria87.7099
BiasArithmetic mean of the errors -8.6064
MADMean absolute deviation15.7805
MAPEMean absolute percentage error0.0612
SAESum of the absolute errors646.999
The eieght-period moving average method has an advantage over other forecasting models in that it does smooth out peaks and valleys in a set of daily observations. Paylocity Holdings Corp 20-period moving average forecast can only be used reliably to predict one or two periods into the future.

Predictive Modules for Paylocity Holdings

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Paylocity Holdings Corp. Regardless of method or technology, however, to accurately forecast the stock or bond market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Paylocity Holdings' 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 Paylocity Holdings in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
227.10255.75258.92
Details
Intrinsic
Valuation
LowReal ValueHigh
227.10283.10286.27
Details
12 Analysts
Consensus
LowTarget PriceHigh
206.00285.54355.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Paylocity Holdings. Your research has to be compared to or analyzed against Paylocity Holdings' peers to derive any actionable benefits. When done correctly, Paylocity Holdings' 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 Paylocity Holdings Corp.

Other Forecasting Options for Paylocity Holdings

For every potential investor in Paylocity, whether a beginner or expert, Paylocity Holdings' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Paylocity Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Paylocity. Basic forecasting techniques help filter out the noise by identifying Paylocity Holdings' price trends.

Paylocity Holdings Related Equities

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 Paylocity Holdings stock to make a market-neutral strategy. Peer analysis of Paylocity Holdings could also be used in its relative valuation, which is a method of valuing Paylocity Holdings by comparing valuation metrics with similar companies.
HOYA CORPResMed IncAlexandria Real EstateColoplast As BSartorius Ag OrdHoya Corp ADRAmn Healthcare ServicesTwist Bioscience CorpFreedom Holding CorpGx Nasdaq-100 CoveredFranklin Mutual EuropeanNatural Hlth TrdUSA Value FactorBetapro Canadian GoldAramark Holdings Corp
 Risk & Return  Correlation

Paylocity Holdings Corp Technical and Predictive Analytics

The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Paylocity Holdings' price movements, , a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Paylocity Holdings' current price.

Paylocity Holdings Market Strength Events

Market strength indicators help investors to evaluate how Paylocity Holdings stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Paylocity Holdings shares will generate the highest return on investment. By undertsting and applying Paylocity Holdings stock market strength indicators, traders can identify Paylocity Holdings Corp entry and exit signals to maximize returns.

Paylocity Holdings Risk Indicators

The analysis of Paylocity Holdings' basic risk indicators is one of the essential steps in helping accuretelly forecast its future price. The process involves identifying the amount of risk involved in Paylocity Holdings' investment and either accepting that risk or mitigating it. Along with some funamental techniques of forecasting Paylocity Holdings stock price, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stock investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Paylocity Holdings without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Technical Analysis Now

   

Technical Analysis

Check basic technical indicators and analysis based on most latest market data
All  Next Launch Module

Currently Active Assets on Macroaxis

Please check Historical Fundamental Analysis of Paylocity Holdings to cross-verify your projections. 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 Paylocity Holdings Corp price analysis, check to measure Paylocity Holdings' 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 Paylocity Holdings is operating at the current time. Most of Paylocity Holdings' value examination focuses on studying past and present price action to predict the probability of Paylocity Holdings' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Paylocity Holdings' price. Additionally, you may evaluate how the addition of Paylocity Holdings to your portfolios can decrease your overall portfolio volatility.
Equity Analysis
Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities
Go
Equity Analysis
Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities
Go
Pair Correlation
Compare performance and examine fundamental relationship between any two equity instruments
Go
Transaction History
View history of all your transactions and understand their impact on performance
Go
Companies Directory
Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals
Go
Headlines Timeline
Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity
Go
Idea Breakdown
Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
Go
Options Analysis
Analyze and evaluate options and option chains as a potential hedge for your portfolios
Go
Watchlist Optimization
Optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm
Go
My Watchlist Analysis
Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like
Go
Is Paylocity Holdings' 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 Paylocity Holdings. If investors know Paylocity 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 Paylocity Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Paylocity Holdings Corp is measured differently than its book value, which is the value of Paylocity that is recorded on the company's balance sheet. Investors also form their own opinion of Paylocity Holdings' value that differs from its market value or its book value, called intrinsic value, which is Paylocity Holdings' 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 Paylocity Holdings' market value can be influenced by many factors that don't directly affect Paylocity Holdings' 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 Paylocity Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine Paylocity Holdings value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Paylocity Holdings' 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.