Dayforce Correlations

DAY Stock

69.97 0.00 0.00%

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.

Dayforce Correlation With Market

Modest diversification

Across the chosen horizon, DAY and DJI show a correlation of 0.23 and fall into the Modest diversification bucket. In portfolio terms, the overlap visualization shows how much shared movement remains after both positions are combined.

Build AI portfolio with Dayforce Stock

Dayforce has a market cap of 11.18 B, operating margin of -25.83%, ROE of -5.71%. Use Investing Opportunities to explore allocation context. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Dayforce Stock

0.61	CINT	CiT Inc	Pair Corr
0.82	CUB	Lionheart Holdings	Pair Corr

Moving against Dayforce Stock

0.82	FICO	Fair Isaac	Pair Corr
0.82	HTCR	HeartCore Enterprises	Pair Corr
0.82	AIXI	XIAO I American	Pair Corr
0.76	FRGT	Freight Technologies	Pair Corr
0.76	WCT	Wellchange Holdings	Pair Corr
0.75	DOMO	Domo Inc Tech Boost	Pair Corr
0.74	WDAY	Workday	Pair Corr
0.74	NVNI	Nvni Group Limited	Pair Corr
0.71	SPT	Sprout Social	Pair Corr
0.7	ADSK	Autodesk	Pair Corr
0.68	ARQQ	Arqit Quantum	Pair Corr
0.66	MSTR	MicroStrategy Incorporated	Pair Corr
0.66	MYSE	Myseum Symbol Change	Pair Corr
0.57	IDAI	Trust Stamp	Pair Corr
0.55	BLZE	Backblaze	Pair Corr
0.48	APPS	Digital Turbine	Pair Corr
0.39	VTEX	VTEX	Pair Corr
0.39	NXPL	Nextplat Corp	Pair Corr
0.74	CXAI	CXApp Inc	Pair Corr
0.72	TEAM	Atlassian Corp Plc	Pair Corr
0.6	DDOG	Datadog Sell-off Trend	Pair Corr
0.59	CDNS	Cadence Design Systems	Pair Corr
0.53	CGNT	Cognyte Software	Pair Corr
0.52	JKHY	Jack Henry Associates	Pair Corr
0.45	DOX	AMDocs	Pair Corr

Related Correlations Analysis

	PCOR	PAYC	MANH	PEGA	GTM	QXO	IDCC	ESTC	MNDY	OTEX
PCOR		0.97	0.94	0.96	0.94	-0.43	-0.54	0.86	0.93	0.98	PCOR
PAYC	0.97		0.95	0.92	0.94	-0.48	-0.53	0.86	0.94	0.96	PAYC
MANH	0.94	0.95		0.9	0.95	-0.33	-0.62	0.92	0.93	0.95	MANH
PEGA	0.96	0.92	0.9		0.92	-0.4	-0.56	0.86	0.9	0.97	PEGA
GTM	0.94	0.94	0.95	0.92		-0.31	-0.7	0.96	0.97	0.96	GTM
QXO	-0.43	-0.48	-0.33	-0.4	-0.31		0.04	-0.18	-0.4	-0.36	QXO
IDCC	-0.54	-0.53	-0.62	-0.56	-0.7	0.04		-0.67	-0.65	-0.55	IDCC
ESTC	0.86	0.86	0.92	0.86	0.96	-0.18	-0.67		0.94	0.91	ESTC
MNDY	0.93	0.94	0.93	0.9	0.97	-0.4	-0.65	0.94		0.93	MNDY
OTEX	0.98	0.96	0.95	0.97	0.96	-0.36	-0.55	0.91	0.93		OTEX
	PCOR	PAYC	MANH	PEGA	GTM	QXO	IDCC	ESTC	MNDY	OTEX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

OTEX	+ 0.98	PCOR
PAYC	+ 0.97	PCOR
OTEX	+ 0.97	PEGA
MNDY	+ 0.97	GTM
PEGA	+ 0.96	PCOR
OTEX	+ 0.96	PAYC

High negative correlations

IDCC	- 0.7	GTM
ESTC	- 0.67	IDCC
MNDY	- 0.65	IDCC
IDCC	- 0.62	MANH
IDCC	- 0.56	PEGA
OTEX	- 0.55	IDCC

Risk-Adjusted Indicators

There is a big difference between Dayforce Stock performing well and Dayforce Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Dayforce's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PCOR	2.17	-0.37	0.00	-0.40	0.00	0.00	4.15	-6.65	15.96
PAYC	1.93	-0.36	0.00	-1.00	0.00	0.00	4.29	-4.59	9.61
MANH	2.13	-0.29	0.00	-0.31	0.00	0.00	3.35	-4.64	14.73
PEGA	2.73	-0.36	0.00	0.91	0.00	0.00	5.18	-7.45	17.31
GTM	2.31	-0.65	0.00	-0.50	0.00	0.00	4.40	-6.51	17.95
QXO	2.86	0.12	0.00	-0.01	0.00	0.00	5.97	-4.84	27.19
IDCC	2.04	0.09	0.04	0.11	2.50	-2.40	5.09	-3.67	16.69
ESTC	2.59	-0.41	0.00	-0.28	0.00	0.00	4.71	-7.71	21.62
MNDY	2.84	-1.00	0.00	-0.85	0.00	0.00	3.58	-8.39	24.39
OTEX	1.82	-0.44	0.00	-0.36	0.00	0.00	2.79	-4.20	16.88

Dayforce Related Equities

The following equities are related to Dayforce within the Information Technology space and can be used for peer comparison, relative valuation, or portfolio diversification. Comparing Dayforce against peers on metrics such as P/E, margins, and return on equity helps contextualize its positioning and identify relative strengths or weaknesses.

Procore Technologies Paycom Software Manhattan Associates Pegasystems ZoomInfo Technologies QXO Inc InterDigital Elastic NV MondayCom Open Text Corp American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

Risk & Return

Correlation

Dayforce Corporate Management

Christopher Armstrong	Executive Officer	Profile
Jeffrey Jacobs	Head Reporting	Profile
Samer Alkharrat	Executive Officer	Profile
Justine Janssen	Executive Officer	Profile
Joseph Korngiebel	Executive Officer	Profile
Carrie Rasmussen	Executive Officer	Profile

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