Paychex Stock Alpha and Beta Analysis
PAYX Stock | USD 119.97 2.00 1.64% |
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. Key technical indicators related to Paychex's market risk premium analysis include:
Beta 0.0924 | Alpha (0.01) | Risk 0.99 | Sharpe Ratio (0) | Expected Return (0) |
Enterprise Value |
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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.
Paychex |
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 | -0.01 | β | 0.09 |
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, Jan 28, 2024 and Sat, Apr 27, 2024 is 121.64 with a coefficient of variation of 1.29. The daily time series for the period is distributed with a sample standard deviation of 1.58, arithmetic mean of 121.75, and mean deviation of 1.22. The Stock received a lot of media exposure during the period. Price Growth (%) |
Timeline |
Paychex dividend paid on 13th of February 2024 | 02/13/2024 |
Paychex dividend paid on 27th of February 2024 | 02/27/2024 |
1 | Disposition of tradable shares by Vance Beaumont of Paychex subject to Rule 16b-3 | 03/11/2024 |
2 | Disposition of 1960 shares by Christopher Simmons of Paychex at 117.98 subject to Rule 16b-3 | 03/14/2024 |
3 | First Class Ticket to Wealth 3 Unstoppable Growth Stocks to Buy in March | 03/28/2024 |
4 | Paychex Misses Q1 Revenue Estimates, Stock Drops | 04/02/2024 |
5 | Paychex, Inc. Q3 2024 Earnings Call Transcript | 04/03/2024 |
6 | Paychex Might Become A Compounding Machine | 04/09/2024 |
7 | Acquisition by Vance Beaumont of 1235 shares of Paychex subject to Rule 16b-3 | 04/15/2024 |
8 | Paychex, Inc. is largely controlled by institutional shareholders who own 74 percent of the company | 04/16/2024 |
9 | Disposition of 1006 shares by Argiropoulos Mason of Paychex at 122.45 subject to Rule 16b-3 | 04/18/2024 |
10 | BBSI vs. PAYX Which Stock Is the Better Value Option | 04/22/2024 |
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.
2021 | 2023 | 2024 (projected) | Dividend Yield | 0.0224 | 0.028 | 0.0164 | Price To Sales Ratio | 9.68 | 6.8 | 5.69 |
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.
3rd of April 2024 Upcoming Quarterly Report | View | |
4th of July 2024 Next Financial Report | View | |
29th of February 2024 Next Fiscal Quarter End | View | |
4th of July 2024 Next Fiscal Year End | View | |
30th of November 2023 Last Quarter Report | View | |
31st of May 2023 Last Financial Announcement | View |
Build Portfolio with Paychex
Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.Build Diversified Portfolios
Align your risk with return expectations
Check out Paychex Backtesting, Paychex Valuation, Paychex Correlation, Paychex Hype Analysis, Paychex Volatility, Paychex History and analyze Paychex Performance. For more information on how to buy Paychex Stock please use our How to Invest in Paychex guide.You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Complementary Tools for Paychex Stock analysis
When running Paychex's 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 the 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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