Workiva Stock Technical Analysis
| WK Stock | USD 76.97 0.09 0.12% |
As of the 18th of April 2024, Workiva maintains the Mean Deviation of 1.77, market risk adjusted performance of 2.4, and Standard Deviation of 2.63. Relative to fundamental indicators, the technical analysis model lets you check existing technical drivers of Workiva, as well as the relationship between them. Specifically, you can use this information to find out if the company will indeed mirror its model of past data patterns, or the prices will eventually revert. We were able to collect data for thirteen technical drivers for Workiva, which can be compared to its peers. Please check out Workiva market risk adjusted performance and treynor ratio to decide if Workiva is priced fairly, providing market reflects its latest price of 76.97 per share. Given that Workiva has information ratio of (0.14), we strongly advise you to confirm Workiva's prevalent market performance to make sure the company can sustain itself at a future point.
Workiva Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Workiva, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to WorkivaWorkiva |
Workiva technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Workiva Technical Analysis
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Workiva volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Workiva Trend Analysis
Use this graph to draw trend lines for Workiva. You can use it to identify possible trend reversals for Workiva as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Workiva price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Workiva Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Workiva applied against its price change over selected period. The best fit line has a slop of 0.31 , which may indicate that the price for Workiva will continue to decline. It has 122 observation points and a regression sum of squares at 3655.61, which is the sum of squared deviations for the predicted Workiva price change compared to its average price change.About Workiva Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Workiva on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Workiva based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Workiva price pattern first instead of the macroeconomic environment surrounding Workiva. By analyzing Workiva's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Workiva's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Workiva specific price patterns or momentum indicators. Please read more on our technical analysis page.
Workiva April 18, 2024 Technical Indicators
Most technical analysis of Workiva help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Workiva from various momentum indicators to cycle indicators. When you analyze Workiva charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.07) | |||
| Market Risk Adjusted Performance | 2.4 | |||
| Mean Deviation | 1.77 | |||
| Coefficient Of Variation | (807.49) | |||
| Standard Deviation | 2.63 | |||
| Variance | 6.93 | |||
| Information Ratio | (0.14) | |||
| Jensen Alpha | (0.33) | |||
| Total Risk Alpha | (0.53) | |||
| Treynor Ratio | 2.39 | |||
| Maximum Drawdown | 16.58 | |||
| Value At Risk | (3.99) | |||
| Potential Upside | 2.97 | |||
| Skewness | (1.73) | |||
| Kurtosis | 7.57 |
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Workiva. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry. For more information on how to buy Workiva Stock please use our How to buy in Workiva Stock guide.You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
Complementary Tools for Workiva Stock analysis
When running Workiva's price analysis, check to measure Workiva's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Workiva is operating at the current time. Most of Workiva's value examination focuses on studying past and present price action to predict the probability of Workiva's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Workiva's price. Additionally, you may evaluate how the addition of Workiva to your portfolios can decrease your overall portfolio volatility.
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Is Workiva's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Workiva. If investors know Workiva will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Workiva listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Workiva is measured differently than its book value, which is the value of Workiva that is recorded on the company's balance sheet. Investors also form their own opinion of Workiva's value that differs from its market value or its book value, called intrinsic value, which is Workiva's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Workiva's market value can be influenced by many factors that don't directly affect Workiva's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Workiva's value and its price as these two are different measures arrived at by different means. Investors typically determine if Workiva is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Workiva's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.