Workday Backtesting

WDAY -- USA Stock  

USD 133.20  0.32  0.24%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Workday and determine expected loss or profit from investing in Workday over given investment horizon. See also Workday Hype Analysis, Workday Correlation, Workday Valuation, Workday Volatility as well as analyze Workday Alpha and Beta and Workday Performance.
 Time Horizon     30 Days    Login   to change

Workday 'What if' Analysis

June 17, 2018
No Change 0.00  0.0%
In 31 days
July 17, 2018
If you would invest  0.00  in Workday on June 17, 2018 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 China Information, Penn Virginia, Computer Sciences, JPMorgan Chase, Unisys, and GOOGLE. Workday, Inc. provides enterprise cloud applications for finance and human resources worldwide

Workday Upside/Downside Indicators

Downside Deviation2.0
Maximum Drawdown6.18
Value At Risk2.65
Potential Upside2.59

Workday Market Premium Indicators

Risk Adjusted Performance0.01

Workday Backtested Returns

We consider Workday not too risky. Workday shows Sharpe Ratio of 0.0419 which attests that Workday had 0.0419% of return per unit of risk over the last 1 month. Our philosophy towards determining volatility of a stock is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty technical indicators for Workday which you can use to evaluate future volatility of the organization. Please check out Workday Mean Deviation of 1.58 and Downside Deviation of 2.0 to validate if risk estimate we provide are consistent with the epected return of 0.0808%. Workday has performance score of 2 on a scale of 0 to 100. The firm maintains market beta of 0.0 which attests that the returns on MARKET and Workday are completely uncorrelated. Although it is extremely important to respect Workday historical price patterns, it is better to be realistic regarding the information on equity current price history. The philosophy towards determining future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By examining Workday technical indicators you can presently evaluate if the expected return of 0.0808% will be sustainable into the future. Workday right now maintains a risk of 1.929%. Please check out Workday Treynor Ratio and Expected Short fall to decide if Workday will be following its historical returns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.91) 

Near perfect reversele predictability

Workday has near perfect reversele predictability. Overlapping area represents the amount of predictability between Workday time series from June 17, 2018 to July 2, 2018 and July 2, 2018 to July 17, 2018. 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 -0.91 indicates that approximately 91.0% of current Workday price fluctuation can be explain by its past prices. Given that Workday has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Workday for similar time interval.
Correlation Coefficient -0.91
Spearman Rank Test -0.65
Price Variance 16.86
Lagged Price Variance 16.58

Workday lagged returns against current returns

 Current and Lagged Values 

Workday regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Workday Lagged Returns

 Regressed Prices 

Current Sentiment - WDAY

Workday Investor Sentiment
Most of Macroaxis users are at this time bullish on Workday. What is your outlook on investing in Workday? Are you bullish or bearish?
98% Bullish
2% Bearish

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See also Workday Hype Analysis, Workday Correlation, Workday Valuation, Workday Volatility as well as analyze Workday Alpha and Beta and Workday Performance. Please also try Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.