Workday Backtesting

Workday Inc -- USA Stock  

USD 101.47  2  1.93%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Workday Inc 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
Investment Horizon     30 Days    Login   to change
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Backtest

Workday 'What if' Analysis

November 16, 2017
0.00
No Change 0.00  0.0%
In 30 days
December 16, 2017
0.00
If you would invest  0.00  in Workday on November 16, 2017 and sell it all today you would earn a total of 0.00 from holding Workday Inc or generate 0.0% return on investment in Workday over 30 days. Workday is related to or competes with Broadridge Financial, CA, Gartner, F5 Networks, and CDK Global. It offers applications for customers to manage critical business functions that enable them to optimize their financial ...

Workday Upside/Downside Indicators

  

Workday Market Premium Indicators

Workday Inc lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Workday regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Workday Inc Backtested Returns

Macroaxis considers Workday to be not too risky. Workday Inc shows Sharpe Ratio of -0.093 which attests that Workday Inc had -0.093% of return per unit of risk over the last 1 month. Macroaxis philosophy towards determining risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Workday Inc exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out Workday Inc Market Risk Adjusted Performance of 0.0783 and Mean Deviation of 1.85 to validate risk estimate we provide. Macroaxis gives Workday performance score of 0 on a scale of 0 to 100. The firm maintains market beta of -1.6877 which attests that as returns on market increase, returns on owning Workday are expected to decrease by larger amounts. On the other hand, during market turmoil, Workday is expected to significantly outperform it.. Even though it is essential to pay attention to Workday Inc historical price patterns, it is always good to be careful when utilizing equity current price history. Macroaxis philosophy towards determining future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Workday Inc exposes twenty-one different technical indicators which can help you to evaluate its performance. Workday Inc has expected return of -0.2321%. Please be advised to check out Workday Inc Jensen Alpha and Semi Variance to decide if Workday Inc past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.04 

Virtually no predictability

Workday Inc has virtually no predictability. Overlapping area represents the amount of predictability between Workday time series from November 16, 2017 to December 1, 2017 and December 1, 2017 to December 16, 2017. 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 Inc price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Workday price fluctuation can be explain by its past prices.
Correlation Coefficient 0.04
Spearman Rank Test -0.44
Price Variance 5.89
Lagged Price Variance 26.95

Workday Lagged Returns

 Regressed Prices 
      Timeline 

Workday Performance vs DOW

The median price of Workday for the period between Thu, Nov 16, 2017 and Sat, Dec 16, 2017 is 104.85 with a coefficient of variation of 5.62. The daily time series for the period is distributed with a sample standard deviation of 6.01, arithmetic mean of 106.84, and mean deviation of 5.12. The Stock received some media coverage during the period.
Price Growth (%)  
      Timeline 
1
Workday, Inc. Shares Sold by Marcus Capital LLC11/24/2017
2
Reviewing the Current Circumstance for Workday, Inc. , Cambe...12/15/2017