Workday Risk Analysis And Volatility Evaluation

WDAY -- USA Stock  

USD 133.20  0.32  0.24%

We consider Workday not too risky. Workday shows Sharpe Ratio of 0.0478 which attests that Workday had 0.0478% 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 technical indicators for Workday which you can use to evaluate future volatility of the organization. Please check out Workday Mean Deviation of 1.58 and Downside Deviation of 2.0 to validate if risk estimate we provide are consistent with the epected return of 0.0923%.
 Time Horizon     30 Days    Login   to change

Workday Technical Analysis

Transformation
null. The output start index for this execution was zero with a total number of output elements of zero. Workday Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input. View also all equity analysis or get more info about average price price transform indicator.

Projected Return Density Against Market

Given the investment horizon of 30 days, Workday has beta of 0.0 . This means unless we do not have required data, the returns on DOW and Workday are completely uncorrelated. Furthermore, WorkdayIt does not look like Workday alpha can have any bearing on the equity current valuation.
Given the investment horizon of 30 days, the coefficient of variation of Workday is 2090.72. The daily returns are destributed with a variance of 3.72 and standard deviation of 1.93. The mean deviation of Workday is currently at 1.54. For similar time horizon, the selected benchmark (DOW) has volatility of 0.0
α
Alpha over DOW
=0.00
β
Beta against DOW=0.00
σ
Overall volatility
=1.93
Ir
Information ratio =0.00

Actual Return Volatility

Workday inherits 1.9292% risk (volatility on return distribution) over the 30 days horizon. DOW inherits 0.0% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Workday Volatility Factors

30 Days Market Risk

Not too risky

Chance of Distress in 24 months

Very low

30 Days Economic Sensitivity

Market Insensitive

Investment Outlook

Workday Investment Opportunity
Workday has a volatility of 1.93 and is 9.223372036854776E16 times more volatile than DOW. 17% of all equities and portfolios are less risky than Workday. Compared to the overall equity markets, volatility of historical daily returns of Workday is lower than 17 (%) of all global equities and portfolios over the last 30 days.
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