Paycom Software Correlations

P1YC34 Stock

21.70 1.71 7.30%

The current 90-days correlation between Paycom Software and Spotify Technology SA is 0.14 (i.e., Average diversification). The correlation of Paycom Software 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Paycom Software Correlation With Market

Very good diversification

The correlation between Paycom Software and DJI is -0.5 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Paycom Software and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Paycom Software could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Paycom Software 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 Paycom Software - 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 Paycom Software to buy it.

Moving together with Paycom Stock

0.9	SAPP34	SAP SE	Pair Corr
0.8	INTU34	Intuit Inc	Pair Corr
0.78	TRAD3	TC Traders Club	Pair Corr

Moving against Paycom Stock

0.82	W1DC34	Western Digital	Pair Corr
0.8	B1SA34	Banco Santander Chile	Pair Corr
0.69	BMGB4	Banco BMG SA	Pair Corr
0.66	PTNT4	Pettenati SA Industria	Pair Corr
0.62	CPLE3	Companhia Paranaense	Pair Corr
0.52	B1PP34	BP plc Earnings Call This Week	Pair Corr
0.46	H1IG34	The Hartford Financial	Pair Corr
0.4	VRTX34	Vertex Pharmaceuticals Earnings Call This Week	Pair Corr
0.36	A1IV34	Apartment Investment and	Pair Corr
0.36	MSBR34	Morgan Stanley	Pair Corr
0.33	BIIB34	Biogen Inc Earnings Call This Week	Pair Corr
0.33	T1CH34	Bio Techne	Pair Corr
0.88	T1EC34	TechnipFMC plc	Pair Corr
0.79	CAML3	Camil Alimentos SA	Pair Corr
0.77	BBSE3	BB Seguridade Partic Earnings Call This Week	Pair Corr
0.72	EALT4	Electro Ao Altona	Pair Corr
0.69	BCPX39	Global X Funds Split	Pair Corr
0.69	WEGE3	WEG SA	Pair Corr
0.67	LUPA3	Lupatech SA	Pair Corr
0.63	SBSP3	Companhia de Saneamento Split	Pair Corr
0.62	DASA3	Diagnsticos da Amrica	Pair Corr
0.6	G2ME34	Globus Medical	Pair Corr
0.59	ALPK3	Allpark Empreendimentos	Pair Corr
0.58	N1WG34	NatWest Group plc	Pair Corr
0.58	MRSA6B	MRS Logstica SA	Pair Corr
0.54	BLPX39	BLPX39 Split	Pair Corr
0.53	AGRO3	BrasilAgro Companhia Earnings Call Tomorrow	Pair Corr
0.5	BPVE39	BPVE39 Split	Pair Corr
0.49	JALL3	Jalles Machado SA	Pair Corr

Related Correlations Analysis

	M2RV34	S1PO34	COWC34	H1IG34	CTSH34	A1MP34	P1DT34
M2RV34		0.57	-0.42	-0.11	-0.42	-0.23	-0.49	M2RV34
S1PO34	0.57		-0.58	-0.65	-0.63	-0.53	-0.7	S1PO34
COWC34	-0.42	-0.58		0.1	0.18	0.11	0.21	COWC34
H1IG34	-0.11	-0.65	0.1		0.82	0.83	0.82	H1IG34
CTSH34	-0.42	-0.63	0.18	0.82		0.89	0.97	CTSH34
A1MP34	-0.23	-0.53	0.11	0.83	0.89		0.89	A1MP34
P1DT34	-0.49	-0.7	0.21	0.82	0.97	0.89		P1DT34
	M2RV34	S1PO34	COWC34	H1IG34	CTSH34	A1MP34	P1DT34

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

P1DT34	+ 0.97	CTSH34
A1MP34	+ 0.89	CTSH34
P1DT34	+ 0.89	A1MP34
A1MP34	+ 0.83	H1IG34
CTSH34	+ 0.82	H1IG34
P1DT34	+ 0.82	H1IG34

High negative correlations

P1DT34	- 0.7	S1PO34
H1IG34	- 0.65	S1PO34
CTSH34	- 0.63	S1PO34
COWC34	- 0.58	S1PO34
A1MP34	- 0.53	S1PO34
P1DT34	- 0.49	M2RV34

Risk-Adjusted Indicators

There is a big difference between Paycom Stock performing well and Paycom Software 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 Paycom Software'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
M2RV34	2.40	(0.25)	0.00	(3.24)	0.00	0.00	5.11	(5.05)	13.29
S1PO34	1.86	(0.53)	0.00	(1.94)	0.00	0.00	3.44	(4.28)	12.02
COWC34	1.08	0.04	0.00	(3.37)	1.48	(0.98)	2.33	(2.55)	6.59
H1IG34	0.01	0.00	0.00	(0.81)	0.00	0.00	0.00	0.00	0.44
CTSH34	0.81	0.31	0.00	0.49	0.00	0.00	3.03	0.00	17.88
A1MP34	1.20	0.06	0.03	0.12	1.50	(1.42)	2.83	(2.62)	7.46
P1DT34	0.47	0.23	0.00	1.26	0.00	0.00	1.05	(0.20)	7.83

Be your own money manager

Our tools can tell you how much better you can do entering a position in Paycom Software without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Paycom Software Corporate Management

Elected by the shareholders, the Paycom Software's board of directors comprises two types of representatives: Paycom Software inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Paycom. The board's role is to monitor Paycom Software's management team and ensure that shareholders' interests are well served. Paycom Software's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Paycom Software's outside directors are responsible for providing unbiased perspectives on the board's policies.

Craig Boelte	Treasurer CFO	Profile
Bradley Smith	Chief Officer	Profile
Kristy Ross	Head Office	Profile
Justin Long	Ex Operations	Profile
James Samford	Head Relations	Profile
Chad Richison	President, Founder	Profile
Holly Faurot	Chief Officer	Profile

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