Workday Stock Market Value

WDAY Stock  USD 273.62  3.76  1.36%   
Workday's market value is the price at which a share of Workday trades on a public exchange. It measures the collective expectations of Workday investors about its performance. Workday is trading at 273.62 as of the 28th of March 2024; that is -1.36 percent decrease since the beginning of the trading day. The stock's open price was 277.38.
With this module, you can estimate the performance of a buy and hold strategy of Workday and determine expected loss or profit from investing in Workday over a given investment horizon. Check out Workday Correlation, Workday Volatility and Workday Alpha and Beta module to complement your research on Workday.
For more information on how to buy Workday Stock please use our How to Invest in Workday guide.
Symbol

Workday Price To Book Ratio

Is Workday's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Workday. If investors know Workday will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Workday listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
5.2
Revenue Per Share
27.776
Quarterly Revenue Growth
0.168
Return On Assets
0.0076
Return On Equity
0.2021
The market value of Workday is measured differently than its book value, which is the value of Workday that is recorded on the company's balance sheet. Investors also form their own opinion of Workday's value that differs from its market value or its book value, called intrinsic value, which is Workday's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Workday's market value can be influenced by many factors that don't directly affect Workday's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Workday's value and its price as these two are different measures arrived at by different means. Investors typically determine if Workday is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Workday's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Workday 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Workday's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Workday.
0.00
02/02/2023
No Change 0.00  0.0 
In 1 year 1 month and 25 days
03/28/2024
0.00
If you would invest  0.00  in Workday on February 2, 2023 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 420 days. Workday is related to or competes with Kingsoft Cloud, C3 Ai, Eventbrite, and Daily Journal. Workday, Inc. provides enterprise cloud applications in the United States and internationally More

Workday Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Workday's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Workday upside and downside potential and time the market with a certain degree of confidence.

Workday Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Workday's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Workday's standard deviation. In reality, there are many statistical measures that can use Workday historical prices to predict the future Workday's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Workday's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
272.05273.62275.19
Details
Intrinsic
Valuation
LowRealHigh
265.36266.93300.98
Details
Naive
Forecast
LowNextHigh
286.71288.28289.86
Details
39 Analysts
Consensus
LowTargetHigh
231.29254.16282.12
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Workday. Your research has to be compared to or analyzed against Workday's peers to derive any actionable benefits. When done correctly, Workday's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Workday.

Workday Backtested Returns

Workday shows Sharpe Ratio of -0.0014, which attests that the company had a -0.0014% return per unit of risk over the last 3 months. Workday exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Workday's Mean Deviation of 1.07, market risk adjusted performance of 0.0189, and Downside Deviation of 1.74 to validate the risk estimate we provide. The firm maintains a market beta of 0.62, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Workday's returns are expected to increase less than the market. However, during the bear market, the loss of holding Workday is expected to be smaller as well. Workday has an expected return of -0.0022%. Please make sure to check out Workday sortino ratio, semi variance, as well as the relationship between the Semi Variance and rate of daily change , to decide if Workday performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.71  

Good predictability

Workday has good predictability. Overlapping area represents the amount of predictability between Workday time series from 2nd of February 2023 to 31st of August 2023 and 31st of August 2023 to 28th of March 2024. 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 0.71 indicates that around 71.0% of current Workday price fluctuation can be explain by its past prices.
Correlation Coefficient0.71
Spearman Rank Test0.69
Residual Average0.0
Price Variance923.47

Workday lagged returns against current returns

Autocorrelation, which is Workday stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Workday's stock expected returns. We can calculate the autocorrelation of Workday returns to help us make a trade decision. For example, suppose you find that Workday has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

Workday regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Workday stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Workday stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Workday stock over time.
   Current vs Lagged Prices   
       Timeline  

Workday Lagged Returns

When evaluating Workday's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Workday stock have on its future price. Workday autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Workday autocorrelation shows the relationship between Workday stock current value and its past values and can show if there is a momentum factor associated with investing in Workday.
   Regressed Prices   
       Timeline  

Workday Investors Sentiment

The influence of Workday's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Workday. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Workday's public news can be used to forecast risks associated with an investment in Workday. The trend in average sentiment can be used to explain how an investor holding Workday can time the market purely based on public headlines and social activities around Workday. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Workday's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Workday's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Workday's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Workday.

Workday Implied Volatility

    
  36.28  
Workday's implied volatility exposes the market's sentiment of Workday stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Workday's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Workday stock will not fluctuate a lot when Workday's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Workday in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Workday's short interest history, or implied volatility extrapolated from Workday options trading.

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether Workday offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Workday's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Workday Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Workday Stock:
Check out Workday Correlation, Workday Volatility and Workday Alpha and Beta module to complement your research on Workday.
For more information on how to buy Workday Stock please use our How to Invest in Workday guide.
Note that the Workday information on this page should be used as a complementary analysis to other Workday's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.

Complementary Tools for Workday Stock analysis

When running Workday's price analysis, check to measure Workday's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Workday is operating at the current time. Most of Workday's value examination focuses on studying past and present price action to predict the probability of Workday's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Workday's price. Additionally, you may evaluate how the addition of Workday to your portfolios can decrease your overall portfolio volatility.
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Workday technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Workday technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Workday trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...