Ceridian Hcm Holding Stock Today
Ceridian HCM is selling at 87.85 as of the 26th of April 2024; that is 0.64% increase since the beginning of the trading day. The stock's open price was 87.29. Equity ratings for Ceridian HCM Holding are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 26th of February 2024 and ending today, the 26th of April 2024. Click here to learn more.
Business Domain Software & Services | Category Technology | Classification Information Technology |
Ceridian Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Ceridian HCM's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Ceridian HCM or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CoCEO Director | Leagh Turner | ||||
| Business Concentration | Application Software, Software - Application, Information Technology, Information Technology, Software, Software - Application, Technology (View all Sectors) | ||||
Ceridian HCM's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Ceridian HCM's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | |||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Ceridian HCM's financial leverage. It provides some insight into what part of Ceridian HCM's total assets is financed by creditors.
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Ceridian HCM Holding (CDAY) is traded on Toronto Exchange in Canada and employs 8,526 people. Ceridian HCM is listed under Application Software category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a current market capitalization of 14.53 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Ceridian HCM's market, we take the total number of its shares issued and multiply it by Ceridian HCM's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Ceridian HCM Holding operates under Software sector and is part of Information Technology industry. The entity has 155.56 M outstanding shares of which 363.88 K shares are currently shorted by private and institutional investors with about 23.43 days to cover all short positions.
Ceridian HCM Holding has accumulated about 237.9 M in cash with 219.5 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.67.
Check Ceridian HCM Probability Of Bankruptcy
Ceridian Stock Price Odds Analysis
Contingent on a normal probability distribution, the odds of Ceridian HCM jumping above the current price in 90 days from now is about 85.22%. The Ceridian HCM Holding probability density function shows the probability of Ceridian HCM stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Ceridian HCM has a beta of 0.2019 suggesting as returns on the market go up, Ceridian HCM average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Ceridian HCM Holding will be expected to be much smaller as well. Additionally, ceridian HCM Holding has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Ceridian HCM to move above the current price in 90 days from now is about 85.22 (This Ceridian HCM Holding probability density function shows the probability of Ceridian Stock to fall within a particular range of prices over 90 days) .
Ceridian HCM Holding Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Ceridian HCM market risk premium is the additional return an investor will receive from holding Ceridian HCM 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 Ceridian HCM. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Ceridian HCM's alpha and beta are two of the key measurements used to evaluate Ceridian HCM's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 1.52 | |||
| Standard Deviation | 1.88 | |||
| Variance | 3.52 | |||
| Risk Adjusted Performance | 0.001 |
Ceridian Stock Against Markets
Picking the right benchmark for Ceridian HCM stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Ceridian HCM stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Ceridian HCM is critical whether you are bullish or bearish towards Ceridian HCM Holding at a given time. Please also check how Ceridian HCM's historical prices are related to one of the top price index indicators.
Ceridian HCM 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 Ceridian HCM stock to make a market-neutral strategy. Peer analysis of Ceridian HCM could also be used in its relative valuation, which is a method of valuing Ceridian HCM by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Ceridian HCM Corporate Directors
Ceridian HCM corporate directors refer to members of a Ceridian HCM board of directors. The board of directors generally takes responsibility for the Ceridian HCM's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Ceridian HCM's board members must vote for the resolution. The Ceridian HCM board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Deborah Farrington | Independent Director | Profile | |
| Willliam Foley | Independent Director | Profile | |
| Ronald Clarke | Independent Director | Profile | |
| Ganesh Rao | Independent Director | Profile |
How to buy Ceridian Stock?
Before investing in Ceridian HCM, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Ceridian HCM. To buy Ceridian HCM stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Ceridian HCM. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Ceridian HCM stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Ceridian HCM Holding stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Ceridian HCM Holding stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Ceridian HCM Holding, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Ceridian HCM Holding?
The danger of trading Ceridian HCM Holding is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Ceridian HCM is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Ceridian HCM. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Ceridian HCM Holding is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
Complementary Tools for Ceridian Stock analysis
When running Ceridian HCM's price analysis, check to measure Ceridian HCM'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 Ceridian HCM is operating at the current time. Most of Ceridian HCM's value examination focuses on studying past and present price action to predict the probability of Ceridian HCM's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ceridian HCM's price. Additionally, you may evaluate how the addition of Ceridian HCM to your portfolios can decrease your overall portfolio volatility.
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