Macroaxis considers Workday not too risky given 2 months investment horizon. Workday
shows Sharpe Ratio of 0.1343 which attests that Workday
had 0.1343% of return per unit of risk over the last 2 months. Our philosophy towards determining volatility of a stock is to use all available market data together with stock specific technical indicators
that cannot be diversified away. By examining Workday technical indicators
you can presently evaluate if the expected return of 0.5179% is justified by implied risk. Please utilize Workday Market Risk Adjusted Performance
of 0.2105, Mean Deviation
of 3.03 and Downside Deviation
of 3.62 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 1.9939 which attests that as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Workday will likely underperform.. Although it is vital to follow to Workday
historical price patterns
, it is good to be conservative about what you can actually do with the information regarding 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
. We have found twenty-one technical indicators
for Workday which you can use to evaluate performance of the organization. Please utilizes Workday Jensen Alpha
and Semi Variance
to make a quick decision on weather Workday historical returns will revert.
Workday has good predictability. Overlapping area represents the amount of predictability between Workday time series from October 20, 2018 to November 19, 2018 and November 19, 2018 to December 19, 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 0.6 indicates that roughly 60.0% of current Workday price fluctuation can be explain by its past prices.