Workday Stock Odds of Future Stock Price Finishing Under 107.22

WDAY Stock  USD 273.62  3.76  1.36%   
Workday's implied volatility is one of the determining factors in the pricing options written on Workday. Implied volatility approximates the future value of Workday based on the option's current value. Options with high implied volatility have higher premiums and can be used to hedge the downside of investing in Workday over a specific time period. For example, 2024-03-28 CALL at $272.5 is a CALL option contract on Workday's common stock with a strick price of 272.5 expiring on 2024-03-28. The contract was last traded on 2024-03-27 at 15:59:24 for $2.08 and, as of today, has 0 days remaining before the expiration. The option is currently trading at a bid price of $2.01, and an ask price of $2.19. The implied volatility as of the 28th of March is 25.2. View All Workday options

Closest to current price Workday long CALL Option Payoff at Expiration

Workday's future price is the expected price of Workday instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of Workday performance during a given time horizon utilizing its historical volatility. Check out Workday Backtesting, Workday Valuation, Workday Correlation, Workday Hype Analysis, Workday Volatility, Workday History as well as Workday Performance.
For more information on how to buy Workday Stock please use our How to Invest in Workday guide.
  
At this time, Workday's Price To Sales Ratio is fairly stable compared to the past year. Price Sales Ratio is likely to rise to 171.08 in 2024, whereas Price Earnings Ratio is likely to drop (207.11) in 2024. Please specify Workday's target price for which you would like Workday odds to be computed.

Workday Target Price Odds to finish below 107.22

The tendency of Workday Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
Current PriceHorizonTarget PriceOdds to drop to $ 107.22  or more in 90 days
 273.62 90 days 107.22 
near 1
Based on a normal probability distribution, the odds of Workday to drop to $ 107.22  or more in 90 days from now is near 1 (This Workday probability density function shows the probability of Workday Stock to fall within a particular range of prices over 90 days) . Probability of Workday price to stay between $ 107.22  and its current price of $273.62 at the end of the 90-day period is about 21.28 .
Given the investment horizon of 90 days Workday has a beta of 0.62. This entails as returns on the market go up, Workday average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Workday will be expected to be much smaller as well. Additionally Workday has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
   Workday Price Density   
       Price  

Predictive Modules for Workday

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Workday. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Workday's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
272.06273.62275.18
Details
Intrinsic
Valuation
LowRealHigh
265.37266.93300.98
Details
Naive
Forecast
LowNextHigh
288.86290.42291.98
Details
39 Analysts
Consensus
LowTargetHigh
231.29254.16282.12
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Workday. Your research has to be compared to or analyzed against Workday's peers to derive any actionable benefits. When done correctly, Workday's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Workday.

Workday Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Workday is not an exception. The market had few large corrections towards the Workday's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Workday, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Workday within the framework of very fundamental risk indicators.
α
Alpha over NYSE Composite
-0.07
β
Beta against NYSE Composite0.62
σ
Overall volatility
12.94
Ir
Information ratio -0.08

Workday Alerts and Suggestions

In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Workday for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Workday can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
Workday generated a negative expected return over the last 90 days
Workday has a poor financial position based on the latest SEC disclosures
Over 92.0% of the company outstanding shares are owned by institutional investors
Latest headline from zacks.com: Why Is Workday Down 6 percent Since Last Earnings Report

Workday Price Density Drivers

Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Workday Stock often depends not only on the future outlook of the current and potential Workday's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Workday's indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding265.3 M
Cash And Short Term Investments7.8 B

Workday Technical Analysis

Workday's future price can be derived by breaking down and analyzing its technical indicators over time. Workday Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Workday. In general, you should focus on analyzing Workday Stock price patterns and their correlations with different microeconomic environments and drivers.

Workday Predictive Forecast Models

Workday's time-series forecasting models is one of many Workday's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Workday's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.

Things to note about Workday

Checking the ongoing alerts about Workday for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Workday help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Workday generated a negative expected return over the last 90 days
Workday has a poor financial position based on the latest SEC disclosures
Over 92.0% of the company outstanding shares are owned by institutional investors
Latest headline from zacks.com: Why Is Workday Down 6 percent Since Last Earnings Report
When determining whether Workday offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Workday's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Workday Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Workday Stock:
Check out Workday Backtesting, Workday Valuation, Workday Correlation, Workday Hype Analysis, Workday Volatility, Workday History as well as Workday Performance.
For more information on how to buy Workday Stock please use our How to Invest in Workday guide.
Note that the Workday information on this page should be used as a complementary analysis to other Workday's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..

Complementary Tools for Workday Stock analysis

When running Workday's price analysis, check to measure Workday's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Workday is operating at the current time. Most of Workday's value examination focuses on studying past and present price action to predict the probability of Workday's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Workday's price. Additionally, you may evaluate how the addition of Workday to your portfolios can decrease your overall portfolio volatility.
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Portfolio Suggestion
Get suggestions outside of your existing asset allocation including your own model portfolios
Competition Analyzer
Analyze and compare many basic indicators for a group of related or unrelated entities
Volatility Analysis
Get historical volatility and risk analysis based on latest market data
Investing Opportunities
Build portfolios using our predefined set of ideas and optimize them against your investing preferences
Headlines Timeline
Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity
Sync Your Broker
Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors.
Is Workday's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Workday. If investors know Workday will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Workday listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
5.2
Revenue Per Share
27.776
Quarterly Revenue Growth
0.168
Return On Assets
0.0076
Return On Equity
0.2021
The market value of Workday is measured differently than its book value, which is the value of Workday that is recorded on the company's balance sheet. Investors also form their own opinion of Workday's value that differs from its market value or its book value, called intrinsic value, which is Workday's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Workday's market value can be influenced by many factors that don't directly affect Workday's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Workday's value and its price as these two are different measures arrived at by different means. Investors typically determine if Workday is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Workday's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.