Workday Risk Analysis

Workday Inc -- USA Stock  

USD 103.35  0.12  0.12%

Macroaxis considers Workday to be not too risky. Workday Inc shows Sharpe Ratio of -0.1371 which attests that Workday Inc had -0.1371% 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 Inc 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 Inc Market Risk Adjusted Performance of 0.0783 and Mean Deviation of 1.85 to validate risk estimate we provide.
Investment Horizon     30 Days    Login   to change

Workday Market Sensitivity

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.
One Month Beta |Analyze Workday Inc Demand Trend
Check current 30 days Workday correlation with market (DOW)
β = -1.6877
Workday Large Negative BetaWorkday Inc Beta Legend

Workday Inc Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of seventeen. Workday Inc 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 Inc has beta of -1.6877 . This means as returns on its benchmark rise, returns on holding Workday Inc are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Workday is expected to outperform its benchmark. Moreover, Workday Inc has an alpha of 0.3124 implying that it can potentially generate 0.3124% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 
Given the investment horizon of 30 days, the coefficient of variation of Workday is -729.47. The daily returns are destributed with a variance of 5.94 and standard deviation of 2.44. The mean deviation of Workday Inc is currently at 1.78. For similar time horizon, the selected benchmark (DOW) has volatility of 0.47
α
Alpha over DOW
=0.31
βBeta against DOW=1.69
σ
Overall volatility
=2.44
 IrInformation ratio =0.15

Actual Return Volatility

Workday Inc inherits 2.4368% risk (volatility on return distribution) over the 30 days horizon. DOW inherits 0.4491% 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

30 Days Economic Sensitivity

Very regressive towards market

Total Debt

Workday Inc Total Debt History

Total Debt

Largest Trends

Workday Largest Period Trend
 101.38 
  
 96.58 
4.8  4.73%
Lowest period price (30 days)
 115.43 
  
 116.14 
0.71  0.62%
Highest period price (30 days)

Investment Outlook

Workday Investment Opportunity
Workday Inc has a volatility of 2.44 and is 5.42 times more volatile than DOW. 22% 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 22 (%) of all global equities and portfolios over the last 30 days. Use Workday Inc to protect against small markets fluctuations. The stock experiences normal downward trend and little activity. Check odds of Workday to be traded at $102.32 in 30 days. 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.

Workday correlation with market

Very good 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.

Volatility Indicators

Workday Current Risk Indicators