Workday Probability of Target Price Finishing Above 110.23

Workday Inc -- USA Stock  

USD 127.33  2.97  2.39%

Workday probability of target price tool provides mechanism to make assumptions about upside and downside potential of Workday Inc 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
 Time Horizon     30 Days    Login   to change
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Workday Target Price Odds to finish below 110.23

Current PriceHorizonTarget PriceAbove OddsBelow Odds
 127.33 30 days 110.23  about 98.0% roughly 2.36%
Based on normal probability distribution, the odds of Workday to drop to $ 110.23  or more in 30 days from now is roughly 2.36%. Probability of Workday Inc price to stay between $ 110.23  and its current price of $127.33 at the end of the 30-day period is under 95%.
Given the investment horizon of 30 days, Workday has beta of 0.821 . This means as returns on market go up, Workday average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Workday Inc will be expected to be much smaller as well. Additionally Workday Inc has an alpha of 0.577371970909091 implying that it can potentially generate 0.577371970909091% excess return over DOW after adjusting for the inherited market risk (beta).
2.0%
Odds to drop to $ 110.23  or more in 30 days
 Workday Price Density 
 
 Prices     
Current Price   Target Price   
α
Alpha over DOW
=0.58
β
Beta against DOW=0.82
σ
Overall volatility
=4.50
Ir
Information ratio =0.28