|Current Price||Horizon||Target Price||Odds 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).
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