Workday Backtesting

Workday Inc -- USA Stock  

USD 138.79  3.46  2.56%

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 15, 2018
No Change 0.00  0.0%
In 30 days
March 17, 2018
If you would invest  0.00  in Workday on February 15, 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 0.2365 which attests that Workday Inc had 0.2365% 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 1.05, Mean Deviation of 1.36 and Downside Deviation of 1.25 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100 Workday holds performance score of 15. The firm maintains market beta of 0.5082 which attests that as returns on market increase, Workday returns are expected to increase less than the market. However during bear market, the loss on holding Workday will be expected to be smaller as well.. 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 0.42% 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 0.36 

Below average predictability

Workday Inc has below average predictability. Overlapping area represents the amount of predictability between Workday time series from February 15, 2018 to March 2, 2018 and March 2, 2018 to March 17, 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 0.36 indicates that just about 36.0% of current Workday price fluctuation can be explain by its past prices.
Correlation Coefficient 0.36
Spearman Rank Test -0.13
Price Variance 5.13
Lagged Price Variance 4.62

Workday Lagged Returns

 Regressed Prices 

Workday Performance vs DOW

The median price of Workday for the period between Thu, Feb 15, 2018 and Sat, Mar 17, 2018 is 131.28 with a coefficient of variation of 4.6. The daily time series for the period is distributed with a sample standard deviation of 6.02, arithmetic mean of 130.83, and mean deviation of 5.46. The Stock received some media coverage during the period.
 Price Growth (%)  
Workday exotic insider transaction detected03/16/2018