Macroaxis considers Workday not too risky given 1 month investment horizon. Workday Inc shows Sharpe Ratio of 0.1131 which attests that Workday Inc had 0.1131% 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-one technical indicators for Workday Inc which you can use to evaluate future volatility of the organization. Please utilize Workday Inc Market Risk Adjusted Performance of
0.69, Mean Deviation of 1.38 and Downside Deviation of 1.69 to validate if our risk estimates are consistent with your expectations.
|Time Horizon||30 Days Login to change|
Workday Market Sensitivity
|As returns on market increase, returns on owning Workday are expected to decrease at a much smaller rate. During bear market, Workday is likely to outperform the market.One Month Beta |Analyze Workday Inc Demand TrendCheck current 30 days Workday correlation with market (DOW)|
β = -0.2897
Workday Inc Technical Analysis
Projected Return Density Against MarketGiven the investment horizon of 30 days, Workday Inc has beta of -0.2897 . This means as returns on benchmark increase, returns on holding Workday are expected to decrease at a much smaller rate. During bear market, however, Workday Inc is likely to outperform the market. Moreover, Workday Inc has an alpha of 0.1444 implying that it can potentially generate 0.1444% excess return over DOW after adjusting for the inherited market risk (beta).
Given the investment horizon of 30 days, the coefficient of variation of Workday is 884.02. The daily returns are destributed with a variance of 3.56 and standard deviation of 1.89. The mean deviation of Workday Inc is currently at 1.38. For similar time horizon, the selected benchmark (DOW) has volatility of 1.01