Dayforce Financial Statements From 2010 to 2024
| DAY Stock | 109.90 0.11 0.10% |
Profit Margin 0.0312 | Market Capitalization 17.5 B | Enterprise Value Revenue 7.6539 | Revenue 1.7 B | Earnings Share 0.48 |
Check Dayforce financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Dayforce's main balance sheet or income statement drivers, such as , as well as many indicators such as . Dayforce financial statements analysis is a perfect complement when working with Dayforce Valuation or Volatility modules.
Dayforce |
Dayforce Company Operating Margin Analysis
Dayforce's Operating Margin shows how much operating income a company makes on each dollar of sales. It is one of the profitability indicators which helps analysts to understand whether the firm is successful or not making money from everyday operations.
Current Dayforce Operating Margin | 0.06 % |
Most of Dayforce's fundamental indicators, such as Operating Margin, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Dayforce is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
A good Operating Margin is required for a company to be able to pay for its fixed costs or payout its debt, which implies that the higher the margin, the better. This ratio is most effective in evaluating the earning potential of a company over time when comparing it against a firm's competitors.
| Competition |
Based on the recorded statements, Dayforce has an Operating Margin of 0.0621%. This is 100.7% lower than that of the Technology sector and 100.45% lower than that of the Software - Application industry. The operating margin for all Canada stocks is 101.13% lower than that of the firm.
Dayforce Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Dayforce's current stock value. Our valuation model uses many indicators to compare Dayforce value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Dayforce competition to find correlations between indicators driving Dayforce's intrinsic value. More Info.Dayforce is rated below average in return on equity category among its peers. It also is rated below average in return on asset category among its peers reporting about 0.36 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Dayforce is roughly 2.81 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Dayforce by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Dayforce's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.About Dayforce Financial Statements
Dayforce investors utilize fundamental indicators, such as revenue or net income, to predict how Dayforce Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Dayforce is entity of Canada. It is traded as Stock on TO exchange.
Pair Trading with Dayforce
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Dayforce position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Dayforce will appreciate offsetting losses from the drop in the long position's value.Moving together with Dayforce Stock
Moving against Dayforce Stock
The ability to find closely correlated positions to Dayforce could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dayforce when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Dayforce - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Dayforce to buy it.
The correlation of Dayforce is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Dayforce moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dayforce moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Dayforce can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of Dayforce Correlation against competitors. To learn how to invest in Dayforce Stock, please use our How to Invest in Dayforce guide.You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.