Workday Probability of Target Price Finishing Above 110.23

Workday Inc -- USA Stock  

USD 101.47  1.02  1%

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
Investment Horizon     30 Days    Login   to change
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Workday Target Price Odds to finish below 110.23

Current PriceHorizonTarget PriceAbove OddsBelow Odds
 101.47 30 days 110.23  about 30.13% about 69.67%
Based on normal probability distribution, the odds of Workday to stay under $ 110.23  after 30 days from now is about 69.67%. Probability of Workday Inc price to stay between its current price of $ 101.47  and $ 110.23  at the end of the 30-day period is about 53.05%.
Given the investment horizon of 30 days, Workday Inc has beta of -1.349 . 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. Additionally Workday Inc has an alpha of 0.09561087249999997 implying that it can potentially generate 0.09561087249999997% excess return over DOW after adjusting for the inherited market risk (beta).
70.0%
Odds to stay under $ 110.23  after 30 days
 Workday Price Density 
 
 Prices     
Current Price   Target Price   
α
Alpha over DOW
=0.095611
βBeta against DOW=1.35
σ
Overall volatility
=5.91
 IrInformation ratio =0.16