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 TrendCheck current 30 days Workday correlation with market (DOW)|
β = 0.9518
Projected Return Density Against MarketGiven 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
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