Paylocity Stock Alpha and Beta Analysis

PCTY
 Stock
  

USD 217.83  12.04  5.85%   

This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Paylocity Holdings Corp. It also helps investors analyze the systematic and unsystematic risks associated with investing in Paylocity Holdings over a specified time horizon. Remember, high Paylocity Holdings' 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 Paylocity Holdings Backtesting, Paylocity Holdings Valuation, Paylocity Holdings Correlation, Paylocity Holdings Hype Analysis, Paylocity Holdings Volatility, Paylocity Holdings History and analyze Paylocity Holdings Performance.
  
Please note that although Paylocity Holdings 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, Paylocity Holdings did 0.32  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 Paylocity Holdings Corp stock's relative risk over its benchmark. Paylocity Holdings Corp has a beta of 1.23  . 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 Holdings will likely underperform.
Paylocity Holdings Book Value per Share is fairly stable at the moment as compared to the past year. Paylocity Holdings reported Book Value per Share of 6.69 in 2021. Enterprise Value over EBIT is likely to rise to 104.23 in 2022, whereas Tangible Assets Book Value per Share are likely to drop 30.62 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

6.05 Billion

Paylocity Holdings Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Paylocity Holdings market risk premium is the additional return an investor will receive from holding Paylocity Holdings 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 Paylocity Holdings. 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 Paylocity Holdings' performance over market.
α-0.32   β1.23
90 days against DJI

Paylocity Holdings 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 Paylocity Holdings' Buy-and-hold return. Our buy-and-hold chart shows how Paylocity Holdings performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

Paylocity Holdings Market Price Analysis

Market price analysis 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 understating and applying Paylocity Holdings stock market price indicators, traders can identify Paylocity Holdings position entry and exit signals to maximize returns.

Paylocity Holdings Return and Market Media

The median price of Paylocity Holdings for the period between Thu, Sep 1, 2022 and Wed, Nov 30, 2022 is 230.44 with a coefficient of variation of 7.73. The daily time series for the period is distributed with a sample standard deviation of 17.86, arithmetic mean of 230.93, and mean deviation of 15.28. The Stock received substential amount of media coverage during this period.
 Price Growth (%)  
       Timeline  
1
Paycom Software Stock Well Positioned To Capture Share From ...09/12/2022
2
Payment of tradable shares by Rost Nicholas of Paylocity Hol...09/23/2022
3
EPS Estimate09/30/2022
4
Payment of 3227 shares by Lohani Rachit of Paylocity Holding...10/05/2022
5
Paylocity A Massive Breakout Performer - Seeking Alpha10/10/2022
6
EPS Reported11/03/2022
7
Sale by Steven Sarowitz of 5624 shares of Paylocity Holdings11/10/2022
8
Sale by Steven Sarowitz of 6782 shares of Paylocity Holdings11/14/2022
9
Payment of 921 shares by Toby Williams of Paylocity Holdings...11/17/2022
10
EPS Estimate11/25/2022

About Paylocity Holdings 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 Paylocity or other stocks. Alpha measures the amount that position in Paylocity Holdings Corp 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 2022 (projected)
Receivables Turnover120.63113.6177.44114.88
PPandE Turnover8.1810.0413.911.36

Paylocity Holdings Upcoming Company Events

As portrayed in its financial statements, the presentation of Paylocity Holdings' financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Paylocity Holdings' leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Paylocity Holdings' public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Paylocity Holdings. Please utilize our Beneish M Score to check the likelihood of Paylocity Holdings' management manipulating its earnings.
Upcoming Quarterly Report3rd of February 2022
Next Financial Report5th of May 2022
Next Fiscal Quarter End31st of December 2021
Next Fiscal Year End4th of August 2022
Last Quarter Report30th of September 2021
Last Financial Announcement31st of December 2020

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Please check Paylocity Holdings Backtesting, Paylocity Holdings Valuation, Paylocity Holdings Correlation, Paylocity Holdings Hype Analysis, Paylocity Holdings Volatility, Paylocity Holdings History and analyze Paylocity Holdings Performance. You can also try Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.

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Paylocity Holdings 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 Holdings technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Paylocity Holdings 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...