Workday Backtesting

Workday Inc -- USA Stock  

USD 131.22  2.21  1.66%

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
 Time Horizon     30 Days    Login   to change

Workday 'What if' Analysis

February 20, 2018
No Change 0.00  0.0%
In 31 days
March 22, 2018
If you would invest  0.00  in Workday on February 20, 2018 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. Workday, Inc. provides enterprise cloud applications for finance and human resources worldwide

Workday Upside/Downside Indicators


Workday Market Premium Indicators

Workday Inc lagged returns against current returns

 Current and Lagged Values 

Workday regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Workday Inc Backtested Returns

Macroaxis considers Workday not too risky given 1 month investment horizon. Workday Inc shows Sharpe Ratio of 0.1263 which attests that Workday Inc had 0.1263% 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-one technical indicators for Workday Inc which you can use to evaluate future volatility of the organization. Please utilize Workday Inc Market Risk Adjusted Performance of 0.69, Mean Deviation of 1.38 and Downside Deviation of 1.69 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100 Workday holds performance score of 8. The firm maintains market beta of -0.2897 which attests that as returns on market increase, returns on owning Workday are expected to decrease at a much smaller rate. During bear market, Workday is likely to outperform the market.. Although it is extremely important to respect Workday Inc 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 Inc technical indicators you can presently evaluate if the expected return of 0.2292% will be sustainable into the future. Please utilizes Workday Inc Jensen Alpha and Semi Variance to make a quick decision on weather Workday Inc historical returns will revert.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.76) 

Almost perfect reverse predictability

Workday Inc has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Workday time series from February 20, 2018 to March 7, 2018 and March 7, 2018 to March 22, 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 Inc price movement. The serial correlation of -0.76 indicates that around 76.0% of current Workday price fluctuation can be explain by its past prices. Given that Workday Inc 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 -0.76
Spearman Rank Test -0.53
Price Variance 6.83
Lagged Price Variance 18.31

Workday Lagged Returns

 Regressed Prices 

Workday Performance vs DOW

The median price of Workday for the period between Tue, Feb 20, 2018 and Thu, Mar 22, 2018 is 133.08 with a coefficient of variation of 3.71. The daily time series for the period is distributed with a sample standard deviation of 4.91, arithmetic mean of 132.39, and mean deviation of 4.16. The Stock received some media coverage during the period.
 Price Growth (%)  
Workday exotic insider transaction detected03/22/2018