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 TrendCheck current 30 days Workday correlation with market (DOW)|
β = -1.6877
Workday Inc Technical Analysis
Projected Return Density Against MarketGiven 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).
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