Workday Backtesting

WDAY -- USA Stock  

USD 143.68  3.02  2.15%

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
SymbolX
Backtest

Workday 'What if' Analysis

August 22, 2018
0.00
No Change 0.00  0.0%
In 31 days
September 21, 2018
0.00
If you would invest  0.00  in Workday on August 22, 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 Teradata, Unisys, VMware, Alphabet, Sabre, and Manhattan Associates. Workday, Inc. provides enterprise cloud applications for finance and human resources worldwide

Workday Upside/Downside Indicators

Information Ratio0.08
Maximum Drawdown12.89
Value At Risk4.20
Potential Upside1.73
  

Workday Market Premium Indicators

Risk Adjusted Performance0.007984
Jensen Alpha0.10
Total Risk Alpha0.71
Treynor Ratio0.7657

Workday Backtested Returns

Macroaxis considers Workday to be not too risky. Workday shows Sharpe Ratio of -0.057 which attests that Workday had -0.057% 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-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out Workday Market Risk Adjusted Performance of 0.7757 and Mean Deviation of 1.53 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 -0.1516 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.. 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-one different technical indicators which can help you to evaluate its performance. Workday has expected return of -0.1482%. Please be advised to check out Workday Jensen Alpha and Semi Variance 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 0.61 

Good predictability

Workday has good predictability. Overlapping area represents the amount of predictability between Workday time series from August 22, 2018 to September 6, 2018 and September 6, 2018 to September 21, 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 0.61 indicates that roughly 61.0% of current Workday price fluctuation can be explain by its past prices.
Correlation Coefficient0.61
Spearman Rank Test0.5
Residual Average0.0
Price Variance10.85

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 

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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 World Markets Correlation module to find global opportunities by holding instruments from different markets.
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