Paychex Stock Alpha and Beta Analysis


USD 123.21  0.05  0.0406%   

This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Paychex. It also helps investors analyze the systematic and unsystematic risks associated with investing in Paychex over a specified time horizon. Remember, high Paychex's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation.
Please check Paychex Backtesting, Paychex Valuation, Paychex Correlation, Paychex Hype Analysis, Paychex Volatility, Paychex History and analyze Paychex Performance.
Please note that although Paychex alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., DOW index.) So in this particular case, Paychex did 0.19  worse than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of Paychex stock's relative risk over its benchmark. Paychex has a beta of 1.10  . 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.
Book Value per Share is likely to drop to 7.41 in 2022. Enterprise Value over EBIT is likely to drop to 23.30 in 2022.
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.

Enterprise Value

28.71 Billion

Paychex Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Paychex market risk premium is the additional return an investor will receive from holding Paychex long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Paychex. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Paychex's performance over market.
α-0.19   β1.10
90 days against DJI

Paychex expected buy-and-hold returns

Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Paychex's Buy-and-hold return. Our buy-and-hold chart shows how Paychex performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

Paychex Market Price Analysis

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

Paychex Return and Market Media

The median price of Paychex for the period between Sun, Aug 28, 2022 and Sat, Nov 26, 2022 is 117.25 with a coefficient of variation of 5.04. The daily time series for the period is distributed with a sample standard deviation of 5.92, arithmetic mean of 117.59, and mean deviation of 4.89. The Stock received substential amount of media coverage during this period.
 Price Growth (%)  
Paychex exotic insider transaction detected09/01/2022
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Paychex exotic insider transaction detected10/11/2022
Paychexs five-year earnings growth trails the 16 percent YoY...11/01/2022
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About Paychex Beta and Alpha

For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Paychex or other stocks. Alpha measures the amount that position in Paychex has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
 2019 2020 2021 (projected)
Long Term Debt to Equity0.290.270.26
Interest Coverage55.1143.654.6

Paychex Upcoming Company Events

As portrayed in its financial statements, the presentation of Paychex's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Paychex's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Paychex's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Paychex. Please utilize our Beneish M Score to check the likelihood of Paychex's management manipulating its earnings.
Upcoming Quarterly Report5th of April 2022
Next Financial Report24th of June 2022
Next Fiscal Quarter End28th of February 2022
Next Fiscal Year End24th of June 2022
Last Quarter Report30th of November 2021
Last Financial Announcement28th of February 2021

Build Portfolio with Paychex

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By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
Please check Paychex Backtesting, Paychex Valuation, Paychex Correlation, Paychex Hype Analysis, Paychex Volatility, Paychex History and analyze Paychex Performance. You can also try Insider Screener module to find insiders across different sectors to evaluate their impact on performance.

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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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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...