Workday Probability of Target Price Finishing Above 110.23

WDAY -- USA Stock  

USD 144.73  6.34  4.20%

Workday probability of target price tool provides mechanism to make assumptions about upside and downside potential of Workday performance during a given time horizon utilizing its historical volatility. Please specify Workday time horizon, a valid symbol (red box) and a target price (blue box) you would like Workday odds to be computed. See also Workday Backtesting, Workday Valuation, Workday Correlation, Workday Hype Analysis, Workday Volatility, Workday History as well as Workday Performance.
Horizon     30 Days    Login   to change
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Workday Target Price Odds to finish below 110.23

Current PriceHorizonTarget PriceOdds to drop to $ 110.23  or more in 30 days
 144.73 30 days 110.23  NEAR 1%
Based on normal probability distribution, the odds of Workday to drop to $ 110.23  or more in 30 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 30 days) . Probability of Workday price to stay between $ 110.23  and its current price of $144.73 at the end of the 30-day period is about 20.33%.
Given the investment horizon of 30 days, Workday has beta of -0.0199 . 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 is likely to outperform the market. Additionally Workday has an alpha of 0.0892 implying that it can potentially generate 0.0892% excess return over DOW after adjusting for the inherited market risk (beta).
 Workday Price Density 
 
      
Current Price   Target Price   
α
Alpha over DOW
=0.09
β
Beta against DOW=0.02
σ
Overall volatility
=4.51
Ir
Information ratio =0.0018

Workday Alerts

Workday Alerts and Suggestions

The company has $1.18 Billion in debt which may indicate that it relies heavily on debt financing
The company reported previous year revenue of 2.43 B. Net Loss for the year was (335.21 M) with profit before overhead, payroll, taxes, and interest of 1.51 B.
Over 101.0% of the company outstanding shares are owned by institutional investors
Latest headline from MacroaxisInsider: Workday exotic insider transaction detected

Price Density Drivers

Workday Health Indicators

Shares Percent Shares Out6.25%
Short Percent Of Float13.01%
Float Shares146.59M
Average Daily Volume Last 10 Day2.68M
Shares Short Prior Month13.5M
Average Daily Volume In Three Month1.84M
Date Short InterestAugust 15, 2018
See also Workday Backtesting, Workday Valuation, Workday Correlation, Workday Hype Analysis, Workday Volatility, Workday History as well as Workday Performance. Please also try Aroon Oscillator module to analyze current equity momentum using aroon oscillator and other momentum ratios.
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