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PAYX Forecast

Price Forecast:

Bearish <-> Bullish

Bullish Case: Helium's implied volatility forecasts indicate stability in PAYX within a healthy growth sector. Recent buybacks and consistent dividends support an upward bias, enhancing investor confidence. A potential broader market recovery could further elevate PAYX’s share price.

Bearish Case: Insider selling and low trading volumes suggest underlying sentiment issues. The potential for economic contraction and sustained high valuations could lead to a price correction. Significant implied volatility indicates market caution ahead.

Potential Outcomes:

1. 55% chance of price increase due to strong HCM performance and recovery in demand;

2. 30% potential stagnation amidst high valuations;

3. 15% risk of significant decline due to economic downturns impacting payroll services.

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November 20, 2024

Paychex Forecast

PAYX Paychex

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Correlated Assets

Assets that tend to move strongly with PAYX

CBRE CBRE (0.73)

SPYV SPDR Portfolio S&P 500 Value (0.73)

SHW Sherwin-Williams (0.72)

GWRE Guidewire Software (0.72)

ITB BTC iShares U.S. Home Construction (0.72)

Uncorrelated Assets

Assets with little price relationship to PAYX

JOBY Joby Aviation (0.01)

SHEL Shell Plc - ADR (Representing) (-0.02)

GL Globe Life (0.03)

OUST Ouster (0.03)

HOG Harley-Davidson (-0.03)

Anticorrelated Assets

Assets that tend to move strongly against PAYX

IEP Icahn (-0.65)

OXY Occidental Petroleum (-0.66)

MUR Murphy Oil (-0.67)

DLTR Dollar Tree (-0.68)

AMR Alta Mesa Resources (-0.72)

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* Disclaimer: Nothing on this website constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Helium Trades is not responsible in any way for the accuracy of any model predictions or price data. Any mention of a particular security and related prediction data is not a recommendation to buy or sell that security. Investments in securities involve the risk of loss. Past performance is no guarantee of future results. Helium Trades is not responsible for any of your investment decisions, you should consult a financial expert before engaging in any transaction.