Workday Probability of Target Price

Workday Inc -- USA Stock  

USD 106.77  1.79  1.65%

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
Refresh Odds

Odds Analysis

Current PriceHorizonTarget PriceAbove OddsBelow Odds
 106.77 30 days 110.23  about 7.58% about 92.28%
Based on normal probability distribution, the odds of Workday to stay under $ 110.23  after 30 days from now is about 92.28%. Probability of Workday Inc price to stay between its current price of $ 106.77  and $ 110.23  at the end of the 30-day period is about 29.81%.
Given the investment horizon of 30 days, Workday has beta of 0.6747 . 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 0.0809 implying that it can potentially generate 0.0809% excess return over DOW after adjusting for the inherited market risk (beta).
92.0%
Odds to stay under $ 110.23  after 30 days
 Workday Price Density 
 
 Prices     
Current Price   Target Price   
α
Alpha over DOW
= 0.0809 
βBeta against DOW= 0.67 
σ
Overall volatility
= 3.11 
 IrInformation ratio = 0.0134