Workday Risk Analysis

Workday Inc -- USA Stock  

USD 107.37  0.14  0.13%

We consider Workday not too risky. Workday Inc shows Sharpe Ratio of 0.026 which attests that Workday Inc had 0.026% 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-eight technical indicators for Workday Inc which you can use to evaluate future volatility of the organization. Please check out Workday Inc Market Risk Adjusted Performance of 0.1112, Mean Deviation of 1.21 and Downside Deviation of 1.77 to validate if risk estimate we provide are consistent with the epected return of 0.0425%.
Investment Horizon     30 Days    Login   to change

Workday Market Sensitivity

Workday returns are very sensitive to returns on the market. As market goes up or down, Workday is expected to follow.
One Month Beta |Analyze Workday Inc Demand Trend
Check current 30 days Workday correlation with market (DOW)
β = 0.9518
Workday llmost one BetaWorkday Inc Beta Legend

Projected Return Density Against Market

Given the investment horizon of 30 days, Workday has beta of 0.9518 . This means Workday Inc market returns are very sensitive to returns on the market. As the market benchmark goes up or down, Workday is expected to follow. Additionally, Workday Inc has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
 Predicted Return Density 
      Returns 
Given the investment horizon of 30 days, the coefficient of variation of Workday is 3839.01. The daily returns are destributed with a variance of 2.66 and standard deviation of 1.63. The mean deviation of Workday Inc is currently at 1.2. For similar time horizon, the selected benchmark (DOW) has volatility of 0.23
α
Alpha over DOW
=(0.0262) 
βBeta against DOW= 0.95 
σ
Overall volatility
= 1.63 
 IrInformation ratio =(0.02) 

Actual Return Volatility

Workday Inc inherits 1.6323% risk (volatility on return distribution) over the 30 days horizon. DOW inherits 0.2342% 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

Almost mirrors market

Total Debt

Workday Inc Total Debt History

Total Debt

Largest Trends

Workday Largest Period Trend

Investment Outlook

Workday Investment Opportunity
Workday Inc has a volatility of 1.63 and is 7.09 times more volatile than DOW. 15% of all equities and portfolios are less risky than Workday. Compared to the overall equity markets, volatility of historical daily returns of Workday Inc is lower than 15 (%) of all global equities and portfolios over the last 30 days. Use Workday Inc to enhance returns of your portfolios. The stock experiences normal upward fluctuation. Check odds of Workday to be traded at $112.74 in 30 days. Workday returns are very sensitive to returns on the market. As market goes up or down, Workday is expected to follow.

Workday correlation with market

Average diversification
Overlapping area represents the amount of risk that can be diversified away by holding Workday Inc and equity matching DJI index in the same portfolio.