Workday Backtesting

Workday Inc -- USA Stock  

USD 112.9  1.34  1.17%

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
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Backtest

Workday 'What if' Analysis

December 17, 2017
0.00
No Change 0.00  0.0%
In 31 days
January 16, 2018
0.00
If you would invest  0.00  in Workday on December 17, 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 not too risky given 1 month investment horizon. Workday Inc shows Sharpe Ratio of 0.3156 which attests that Workday Inc had 0.3156% 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 Inc which you can use to evaluate future volatility of the organization. Please utilize Workday Inc Market Risk Adjusted Performance of (8.3), Mean Deviation of 1.05 and Coefficient Of Variation of 315.74 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100 Workday holds performance score of 20. The firm maintains market beta of -0.053 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 vital to follow to Workday Inc 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. By examining Workday Inc technical indicators you can presently evaluate if the expected return of 0.4608% will be sustainable into the future. Please utilizes Workday Inc Treynor Ratio and Expected Short fall to make a quick decision on weather Workday Inc historical returns will revert.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.41) 

Modest reverse predictability

Workday Inc has modest reverse predictability. Overlapping area represents the amount of predictability between Workday time series from December 17, 2017 to January 1, 2018 and January 1, 2018 to January 16, 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 -0.41 indicates that just about 41.0% 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 -0.41
Spearman Rank Test -0.09
Price Variance 11.99
Lagged Price Variance 0.35

Workday Lagged Returns

 Regressed Prices 
      Timeline 

Workday Performance vs DOW

The median price of Workday for the period between Sun, Dec 17, 2017 and Tue, Jan 16, 2018 is 103.4 with a coefficient of variation of 4.07. The daily time series for the period is distributed with a sample standard deviation of 4.29, arithmetic mean of 105.57, and mean deviation of 3.68. The Stock received some media coverage during the period.
Price Growth (%)  
      Timeline 
1
Exercise or conversion by James Shaughnessy of 10869 shares ...12/22/2017