Workday Backtesting

WDAY -- USA Stock  

USD 128.78  2.35  1.79%

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
SymbolX
Backtest

Workday 'What if' Analysis

May 20, 2018
0.00
No Change 0.00  0.0%
In 31 days
June 19, 2018
0.00
If you would invest  0.00  in Workday on May 20, 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 Broadridge Financial, , Gartner, F5 Networks, CDK Global, and . Workday, Inc. provides enterprise cloud applications for finance and human resources worldwide

Workday Upside/Downside Indicators

Information Ratio0.030258
Maximum Drawdown5.32
Value At Risk3.62
Potential Upside2.37
  

Workday Market Premium Indicators

Risk Adjusted Performance0.01

Workday Backtested Returns

Macroaxis considers Workday to be not too risky. Workday shows Sharpe Ratio of -0.0057 which attests that Workday had -0.0057% 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 exposes twenty-eight different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out Workday Mean Deviation of 1.14 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 0.0 which attests that the returns on MARKET and Workday are completely uncorrelated. Even though it is essential to pay attention to Workday 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 exposes twenty-eight different technical indicators which can help you to evaluate its performance. Workday has expected return of -0.0092%. Please be advised to check out Workday Sortino Ratio, Semi Variance as well as the relationship between Semi Variance and Rate Of Daily Change to decide if Workday past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.34) 

Poor reverse predictability

Workday has poor reverse predictability. Overlapping area represents the amount of predictability between Workday time series from May 20, 2018 to June 4, 2018 and June 4, 2018 to June 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 -0.34 indicates that nearly 34.0% 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 -0.34
Spearman Rank Test -0.02
Price Variance 4.35
Lagged Price Variance 2.57

Workday lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Workday regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Workday Lagged Returns

 Regressed Prices 
      Timeline 

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?
Bullish
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 Price Transformation module to use price transformation models to analyze depth of different equity instruments across global markets.