Workday Stock Alpha and Beta Analysis
| WDAY Stock | USD 257.02 0.67 0.26% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Workday. It also helps investors analyze the systematic and unsystematic risks associated with investing in Workday over a specified time horizon. Remember, high Workday's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Workday's market risk premium analysis include:
Beta 0.67 | Alpha (0.18) | Risk 1.46 | Sharpe Ratio (0.12) | Expected Return (0.18) |
Enterprise Value |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Workday |
Workday Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Workday market risk premium is the additional return an investor will receive from holding Workday long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Workday. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Workday's performance over market.| α | -0.18 | β | 0.67 |
Workday expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Workday's Buy-and-hold return. Our buy-and-hold chart shows how Workday performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Workday Market Price Analysis
Market price analysis indicators help investors to evaluate how Workday stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Workday shares will generate the highest return on investment. By understating and applying Workday stock market price indicators, traders can identify Workday position entry and exit signals to maximize returns.
Workday Return and Market Media
The median price of Workday for the period between Fri, Jan 19, 2024 and Thu, Apr 18, 2024 is 281.32 with a coefficient of variation of 5.06. The daily time series for the period is distributed with a sample standard deviation of 14.29, arithmetic mean of 282.65, and mean deviation of 12.88. The Stock received a lot of media exposure during the period. Price Growth (%) |
| Timeline |
1 | Workday Stock Rating Upgraded by StockNews.com | 03/04/2024 |
2 | Jacobs Levy Equity Management Inc. Has 28.11 Million Stake in Workday, Inc. | 03/11/2024 |
3 | Keysight Partners NVIDIA to Boost AI Native 6G Research | 03/20/2024 |
4 | Disposition of 11376 shares by David Duffield of Workday at 272.5703 subject to Rule 16b-3 | 04/01/2024 |
5 | Disposition of 13675 shares by David Duffield of Workday at 270.8498 subject to Rule 16b-3 | 04/03/2024 |
6 | Disposition of 1674 shares by Carl Eschenbach of Workday at 269.08 subject to Rule 16b-3 | 04/05/2024 |
7 | Disposition of 2007 shares by David Duffield of Workday at 269.8372 subject to Rule 16b-3 | 04/08/2024 |
8 | Workday Laps the Stock Market Heres Why | 04/09/2024 |
9 | Workday co-president sells over 4 million in company stock | 04/10/2024 |
10 | Disposition of 230 shares by David Duffield of Workday at 267.4287 subject to Rule 16b-3 | 04/12/2024 |
11 | Prominent venture capital firm bids D.C.-area office goodbye as focus shifts | 04/17/2024 |
About Workday Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Workday or other stocks. Alpha measures the amount that position in Workday has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2022 | 2023 | 2024 (projected) | Payables Turnover | 11.16 | 22.71 | 34.82 | Days Of Inventory On Hand | 40.66 | 36.59 | 38.42 |
Workday Upcoming Company Events
As portrayed in its financial statements, the presentation of Workday's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Workday's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Workday's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Workday. Please utilize our Beneish M Score to check the likelihood of Workday's management manipulating its earnings.
| 26th of February 2024 Upcoming Quarterly Report | View | |
| 23rd of May 2024 Next Financial Report | View | |
| 31st of January 2024 Next Fiscal Quarter End | View | |
| 26th of February 2024 Next Fiscal Year End | View | |
| 31st of October 2023 Last Quarter Report | View | |
| 31st of January 2023 Last Financial Announcement | View |
Build Portfolio with Workday
Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.Build Diversified Portfolios
Align your risk with return expectations
Check out Workday Backtesting, Workday Valuation, Workday Correlation, Workday Hype Analysis, Workday Volatility, Workday History and analyze Workday Performance. 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 Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
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.