Paylocity Stock Market Value

PCTY
 Stock
  

USD 219.70  3.67  1.64%   

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


Is Paylocity Holdng'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 Paylocity Holdng. 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 Holdng 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 Holdng 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 Holdng's value that differs from its market value or its book value, called intrinsic value, which is Paylocity Holdng'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 Paylocity Holdng's market value can be influenced by many factors that don't directly affect Paylocity Holdng'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 Paylocity Holdng's value and its price as these two are different measures arrived at by different means. Investors typically determine Paylocity Holdng value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Paylocity Holdng'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.

Paylocity Holdng '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 Paylocity Holdng'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 Paylocity Holdng.
0.00
12/14/2020
No Change 0.00  0.0 
In 1 year 11 months and 21 days
12/04/2022
0.00
If you would invest  0.00  in Paylocity Holdng on December 14, 2020 and sell it all today you would earn a total of 0.00 from holding Paylocity Holdng or generate 0.0% return on investment in Paylocity Holdng over 720 days. Paylocity Holdng is related to or competes with Absolute Software, and ADEIA CORP. Paylocity Holding Corporation provides cloud-based human capital management and payroll software solutions for workforce... More

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

Paylocity Holdng Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Paylocity Holdng's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Paylocity Holdng's standard deviation. In reality, there are many statistical measures that can use Paylocity Holdng historical prices to predict the future Paylocity Holdng's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Paylocity Holdng'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 Paylocity Holdng in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
219.84222.93226.02
Details
Intrinsic
Valuation
LowReal ValueHigh
201.03251.91255.01
Details
12 Analysts
Consensus
LowTarget PriceHigh
206.00285.54355.00
Details
Earnings
Estimates (6)
LowProjected EPSHigh
0.901.021.09
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Paylocity Holdng. Your research has to be compared to or analyzed against Paylocity Holdng's peers to derive any actionable benefits. When done correctly, Paylocity Holdng'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 Paylocity Holdng.

Paylocity Holdng Backtested Returns

Paylocity Holdng maintains Sharpe Ratio (i.e., Efficiency) of -0.0257, which implies the firm had -0.0257% 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. Paylocity Holdng exposes twenty-eight different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to check Paylocity Holdng coefficient of variation of (3,242), and Risk Adjusted Performance of (0.040327) to confirm the risk estimate we provide.
The company holds a Beta of 1.4129, which implies a somewhat significant risk relative to the market. Let's try to break down what Paylocity's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Paylocity Holdng will likely underperform. Even though it is essential to pay attention to Paylocity Holdng 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. Paylocity Holdng exposes twenty-eight different technical indicators, which can help you to evaluate its performance. Paylocity Holdng has an expected return of -0.0796%. Please be advised to check Paylocity Holdng treynor ratio, expected short fall, as well as the relationship between the Expected Short fall and day median price to decide if Paylocity Holdng performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.70  

Good predictability

Paylocity Holdng has good predictability. Overlapping area represents the amount of predictability between Paylocity Holdng time series from 14th of December 2020 to 9th of December 2021 and 9th of December 2021 to 4th of December 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 Paylocity Holdng price movement. The serial correlation of 0.7 indicates that around 70.0% of current Paylocity Holdng price fluctuation can be explain by its past prices.
Correlation Coefficient0.7
Spearman Rank Test0.28
Residual Average0.0
Price Variance739.73

Paylocity Holdng lagged returns against current returns

Autocorrelation, which is Paylocity Holdng 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 Paylocity Holdng's stock expected returns. We can calculate the autocorrelation of Paylocity Holdng returns to help us make a trade decision. For example, suppose you find that Paylocity Holdng 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   
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       Timeline  

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

Paylocity Holdng Lagged Returns

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

Be your own money manager

Our tools can tell you how much better you can do entering a position in Paylocity Holdng 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.

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Please check Paylocity Holdng Correlation, Paylocity Holdng Volatility and Paylocity Holdng Alpha and Beta module to complement your research on Paylocity Holdng. You can also try Equity Valuation module to check real value of public entities based on technical and fundamental data.

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When running Paylocity Holdng price analysis, check to measure Paylocity Holdng'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 Paylocity Holdng is operating at the current time. Most of Paylocity Holdng's value examination focuses on studying past and present price action to predict the probability of Paylocity Holdng's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Paylocity Holdng's price. Additionally, you may evaluate how the addition of Paylocity Holdng to your portfolios can decrease your overall portfolio volatility.
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Paylocity Holdng 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 Paylocity Holdng technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Paylocity Holdng 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...