Workday Stock Market Value
| WDAY Stock | USD 255.64 1.38 0.54% |
| Symbol | Workday |
Workday Price To Book Ratio
Is Workday's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Workday. If investors know Workday will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Workday listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 5.22 | Revenue Per Share 27.776 | Quarterly Revenue Growth 0.168 | Return On Assets 0.0076 | Return On Equity 0.2021 |
The market value of Workday is measured differently than its book value, which is the value of Workday that is recorded on the company's balance sheet. Investors also form their own opinion of Workday's value that differs from its market value or its book value, called intrinsic value, which is Workday's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Workday's market value can be influenced by many factors that don't directly affect Workday's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Workday's value and its price as these two are different measures arrived at by different means. Investors typically determine if Workday is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Workday's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Workday 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Workday's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Workday.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Workday on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Workday or generate 0.0% return on investment in Workday over 30 days. Workday is related to or competes with Intuit, Zoom Video, ServiceNow, Snowflake, Autodesk, C3 Ai, and Shopify. Workday, Inc. provides enterprise cloud applications in the United States and internationally More
Workday Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Workday's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Workday upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 9.28 | |||
| Value At Risk | (1.90) | |||
| Potential Upside | 2.01 |
Workday Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Workday's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Workday's standard deviation. In reality, there are many statistical measures that can use Workday historical prices to predict the future Workday's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | (0.21) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Workday's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Workday Backtested Returns
Workday shows Sharpe Ratio of -0.13, which attests that the company had a -0.13% return per unit of risk over the last 3 months. Workday exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Workday's Mean Deviation of 1.03, standard deviation of 1.46, and Market Risk Adjusted Performance of (0.20) to validate the risk estimate we provide. The firm maintains a market beta of 0.67, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Workday's returns are expected to increase less than the market. However, during the bear market, the loss of holding Workday is expected to be smaller as well. Workday has an expected return of -0.19%. Please make sure to check out Workday value at risk and rate of daily change , to decide if Workday performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.89 |
Very good predictability
Workday has very good predictability. Overlapping area represents the amount of predictability between Workday time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Workday price movement. The serial correlation of 0.89 indicates that approximately 89.0% of current Workday price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.89 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 29.23 |
Workday lagged returns against current returns
Autocorrelation, which is Workday stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Workday's stock expected returns. We can calculate the autocorrelation of Workday returns to help us make a trade decision. For example, suppose you find that Workday has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Workday regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Workday stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Workday stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Workday stock over time.
Current vs Lagged Prices |
| Timeline |
Workday Lagged Returns
When evaluating Workday's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Workday stock have on its future price. Workday autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Workday autocorrelation shows the relationship between Workday stock current value and its past values and can show if there is a momentum factor associated with investing in Workday.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Workday offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Workday's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Workday Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Workday Stock:Check out Workday Correlation, Workday Volatility and Workday Alpha and Beta module to complement your research on Workday. For more information on how to buy Workday Stock please use our How to Invest in Workday guide.Note that the Workday information on this page should be used as a complementary analysis to other Workday's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Complementary Tools for Workday Stock analysis
When running Workday's price analysis, check to measure Workday'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 Workday is operating at the current time. Most of Workday's value examination focuses on studying past and present price action to predict the probability of Workday's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Workday's price. Additionally, you may evaluate how the addition of Workday to your portfolios can decrease your overall portfolio volatility.
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Workday technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.