Workday Backtesting

WDAY -- USA Stock  

USD 155.71  1.95  1.27%

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.
Horizon     30 Days    Login   to change

Workday 'What if' Analysis

October 20, 2018
No Change 0.00  0.0%
In 2 months and 1 day
December 19, 2018
If you would invest  0.00  in Workday on October 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 60 days. Workday is related to or competes with CA, Xunlei, Teradata, Unisys, VMware, and Alphabet. Workday, Inc. provides enterprise cloud applications for finance and human resources worldwide

Workday Upside/Downside Indicators

Downside Deviation3.62
Information Ratio0.1536
Maximum Drawdown17.97
Value At Risk(5.10)
Potential Upside5.1

Workday Market Premium Indicators

Risk Adjusted Performance0.1451
Jensen Alpha0.7791
Total Risk Alpha0.9629
Sortino Ratio0.1631
Treynor Ratio0.2005

Workday Backtested Returns

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.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.60 
correlation synergy

Good predictability

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.
Correlation Coefficient0.6
Spearman Rank Test0.53
Residual Average0.0
Price Variance190.28

Workday lagged returns against current returns

 Current and Lagged Values 

Workday regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Workday Lagged Returns

 Regressed Prices 

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?
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 Cryptocurrency Arbitrage module to find pairs of digital assets on multiple exchanges that are traded at a risk free arbitrage.