Workiva Stock Market Value
| WK Stock | USD 98.72 0.35 0.36% |
| Symbol | Workiva |
Workiva Price To Book Ratio
Is Application Software space 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 Workiva. If investors know Workiva 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 Workiva listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.92) | Revenue Per Share 12.82 | Quarterly Revenue Growth 0.174 | Return On Assets (0.02) | Return On Equity (27.63) |
The market value of Workiva is measured differently than its book value, which is the value of Workiva that is recorded on the company's balance sheet. Investors also form their own opinion of Workiva's value that differs from its market value or its book value, called intrinsic value, which is Workiva'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 Workiva's market value can be influenced by many factors that don't directly affect Workiva'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 Workiva's value and its price as these two are different measures arrived at by different means. Investors typically determine if Workiva is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Workiva'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.
Workiva '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 Workiva'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 Workiva.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Workiva on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Workiva or generate 0.0% return on investment in Workiva over 30 days. Workiva is related to or competes with OLB. Workiva Inc., together with its subsidiaries, provides cloud-based compliance and regulatory reporting solutions worldwi... More
Workiva 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 Workiva'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 Workiva upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.75 | |||
| Information Ratio | 0.1051 | |||
| Maximum Drawdown | 8.56 | |||
| Value At Risk | (2.83) | |||
| Potential Upside | 3.56 |
Workiva Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Workiva's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Workiva's standard deviation. In reality, there are many statistical measures that can use Workiva historical prices to predict the future Workiva's volatility.| Risk Adjusted Performance | 0.1353 | |||
| Jensen Alpha | 0.1296 | |||
| Total Risk Alpha | 0.0177 | |||
| Sortino Ratio | 0.1213 | |||
| Treynor Ratio | 0.1952 |
Workiva Backtested Returns
Workiva appears to be very steady, given 3 months investment horizon. Workiva shows Sharpe Ratio of 0.19, which attests that the company had a 0.19% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Workiva, which you can use to evaluate the volatility of the company. Please utilize Workiva's Downside Deviation of 1.75, market risk adjusted performance of 0.2052, and Mean Deviation of 1.56 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Workiva holds a performance score of 15. The firm maintains a market beta of 1.69, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Workiva will likely underperform. Please check Workiva's sortino ratio, semi variance, as well as the relationship between the Semi Variance and rate of daily change , to make a quick decision on whether Workiva's historical returns will revert.
Auto-correlation | 0.66 |
Good predictability
Workiva has good predictability. Overlapping area represents the amount of predictability between Workiva time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th of November 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 Workiva price movement. The serial correlation of 0.66 indicates that around 66.0% of current Workiva price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 5.29 |
Workiva lagged returns against current returns
Autocorrelation, which is Workiva 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 Workiva's stock expected returns. We can calculate the autocorrelation of Workiva returns to help us make a trade decision. For example, suppose you find that Workiva 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 |
Workiva 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 Workiva stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Workiva stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Workiva stock over time.
Current vs Lagged Prices |
| Timeline |
Workiva Lagged Returns
When evaluating Workiva's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Workiva stock have on its future price. Workiva 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, Workiva autocorrelation shows the relationship between Workiva stock current value and its past values and can show if there is a momentum factor associated with investing in Workiva.
Regressed Prices |
| Timeline |
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Workiva 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.