Workday Performance

Workday Inc -- USA Stock  

USD 103.35  0.12  0.12%

Macroaxis gives Workday performance score of 0 on a scale of 0 to 100. The firm maintains market beta of -1.6877 which attests that as returns on market increase, returns on owning Workday are expected to decrease by larger amounts. On the other hand, during market turmoil, Workday is expected to significantly outperform it.. Even though it is essential to pay attention to Workday Inc 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 Inc exposes twenty-one different technical indicators which can help you to evaluate its performance. Workday Inc has expected return of -0.3341%. Please be advised to check out Workday Inc Jensen Alpha and Semi Variance to decide if Workday Inc past performance will be repeated at some point in the near future.
Investment Horizon     30 Days    Login   to change

Workday Inc Relative Risk vs. Return Landscape

If you would invest  11,168  in Workday Inc on November 17, 2017 and sell it today you would lose (821)  from holding Workday Inc or give up 7.35% of portfolio value over 30 days. Workday Inc is currenly does not generate positive expected returns and assumes 2.4368% risk (volatility on return distribution) over the 30 days horizon. In different words, 22% of equities are less volatile than Workday Inc and 99% of traded equity instruments are projected to make higher returns than the company over the 30 days investment horizon.
 Daily Expected Return (%) 
      Risk (%) 
Given the investment horizon of 30 days, Workday Inc is expected to under-perform the market. In addition to that, the company is 5.43 times more volatile than its market benchmark. It trades about -0.14 of its total potential returns per unit of risk. The DOW is currently generating roughly 0.57 per unit of volatility.

Workday Daily Price Distribution

The median price of Workday for the period between Fri, Nov 17, 2017 and Sun, Dec 17, 2017 is 104.85 with a coefficient of variation of 5.62. The daily time series for the period is distributed with a sample standard deviation of 6.01, arithmetic mean of 106.84, and mean deviation of 5.12. The Stock did not receive any noticable media coverage during the period.
0 

Risk-Adjusted Performance

Over the last 30 days Workday Inc has generated negative risk-adjusted returns adding no value to investors with long positions.

One Month Efficiency

Workday Sharpe Ratio = -0.1371
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Estimated Market Risk

 2.44
  actual daily
 
 78 %
of total potential
  

Expected Return

 -0.33
  actual daily
 
 1 %
of total potential
  

Risk-Adjusted Return

 -0.14
  actual daily
 
 1 %
of total potential
  
Based on monthly moving average Workday is performing at about 0% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Workday by adding it to a well-diversified portfolio.