Paychex Stock Market Value

PAYX
 Stock
  

USD 111.69  2.90  2.53%   

Paychex's market value is the price at which a share of Paychex stock trades on a public exchange. It measures the collective expectations of Paychex investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Paychex and determine expected loss or profit from investing in Paychex over a given investment horizon. Please check Paychex Correlation, Paychex Volatility and Paychex Alpha and Beta module to complement your research on Paychex.
Symbol


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.
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.

Paychex '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 Paychex'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 Paychex.
0.00
09/06/2022
No Change 0.00  0.0 
In 31 days
10/06/2022
0.00
If you would invest  0.00  in Paychex on September 6, 2022 and sell it all today you would earn a total of 0.00 from holding Paychex or generate 0.0% return on investment in Paychex over 30 days. Paychex is related to or competes with Amazon. Paychex, Inc. provides integrated human capital management solutions for human resources , payroll, benefits, and insura... More

Paychex 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 Paychex'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 Paychex upside and downside potential and time the market with a certain degree of confidence.

Paychex Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Paychex's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Paychex's standard deviation. In reality, there are many statistical measures that can use Paychex historical prices to predict the future Paychex's volatility.
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.
Hype
Prediction
LowEstimated ValueHigh
110.36112.01113.66
Details
Intrinsic
Valuation
LowReal ValueHigh
100.76121.53123.18
Details
16 Analysts
Consensus
LowTarget PriceHigh
94.00124.28145.00
Details
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 Backtested Returns

Paychex maintains Sharpe Ratio (i.e., Efficiency) of -0.0274, which implies the firm had -0.0274% of return per unit of risk over the last 3 months. Macroaxis standpoint towards forecasting the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Paychex exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to check Paychex coefficient of variation of (3,540), and Risk Adjusted Performance of (0.032337) to confirm the risk estimate we provide.
The company holds a Beta of 1.1226, which implies a somewhat significant risk relative to the market. Let's try to break down what Paychex's beta means in this case. Paychex returns are very sensitive to returns on the market. As the market goes up or down, Paychex is expected to follow. Even though it is essential to pay attention to Paychex current trending patterns, it is always good to be careful when utilizing equity existing price patterns. Our philosophy towards forecasting any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Paychex exposes twenty-one different technical indicators, which can help you to evaluate its performance. Paychex has an expected return of -0.0464%. Please be advised to check Paychex standard deviation, as well as the relationship between the value at risk and kurtosis to decide if Paychex performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.23  

Weak predictability

Paychex has weak predictability. Overlapping area represents the amount of predictability between Paychex time series from 6th of September 2022 to 21st of September 2022 and 21st of September 2022 to 6th of October 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Paychex price movement. The serial correlation of 0.23 indicates that over 23.0% of current Paychex price fluctuation can be explain by its past prices.
Correlation Coefficient0.23
Spearman Rank Test0.24
Residual Average0.0
Price Variance3.82

Paychex lagged returns against current returns

Autocorrelation, which is Paychex 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 Paychex's stock expected returns. We can calculate the autocorrelation of Paychex returns to help us make a trade decision. For example, suppose you find that Paychex stock 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 stock movement to match the lagging time series.
   Current and Lagged Values   
Share
       Timeline  

Paychex 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 Paychex stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Paychex stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Paychex stock over time.
   Current vs Lagged Prices   
Share
       Timeline  

Paychex Lagged Returns

When evaluating Paychex's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Paychex stock have on its future price. Paychex 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, Paychex autocorrelation shows the relationship between Paychex stock current value and its past values and can show if there is a momentum factor associated with investing in Paychex.
   Regressed Prices   
Share
       Timeline  

Be your own money manager

Our tools can tell you how much better you can do entering a position in Paychex 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 Price Ceiling Movement Now

   

Price Ceiling Movement

Calculate and plot Price Ceiling Movement for different equity instruments
All  Next Launch Module

Currently Active Assets on Macroaxis

Please check Paychex Correlation, Paychex Volatility and Paychex Alpha and Beta module to complement your research on Paychex. You can also try Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.

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.
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
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
Portfolio Anywhere
Track or share privately all of your investments from the convenience of any device
Go
Bond Directory
Find actively traded corporate debentures issued by US companies
Go
Price Exposure Probability
Analyze equity upside and downside potential for a given time horizon across multiple markets
Go
Cryptocurrency Center
Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency
Go
Price Ceiling Movement
Calculate and plot Price Ceiling Movement for different equity instruments
Go
Pair Correlation
Compare performance and examine fundamental relationship between any two equity instruments
Go
ETF Directory
Find actively traded Exchange Traded Funds (ETF) from around the world
Go
Portfolio Diagnostics
Use generated alerts and portfolio events aggregator to diagnose current holdings
Go
Alpha Finder
Use alpha and beta coefficients to find investment opportunities after accounting for the risk
Go
Paychex technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Paychex technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Paychex trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...