Workiva Stock Market Value
WK Stock | USD 84.37 1.70 2.06% |
Symbol | Workiva |
Workiva Price To Book Ratio
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.
Earnings Share (2.36) | Revenue Per Share 11.646 | Quarterly Revenue Growth 0.159 | Return On Assets (0.04) | Return On Equity (27.63) |
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.
Workiva 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Workiva's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Workiva.
02/27/2024 |
| 03/28/2024 |
If you would invest 0.00 in Workiva on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Workiva or generate 0.0% return on investment in Workiva over 30 days. Workiva is related to or competes with Kingsoft Cloud, C3 Ai, Eventbrite, and Daily Journal. Workiva Inc., together with its subsidiaries, provides cloud-based compliance and regulatory reporting solutions worldwi... More
Workiva Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Workiva's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Workiva upside and downside potential and time the market with a certain degree of confidence.
Information Ratio | (0.16) | |||
Maximum Drawdown | 16.58 | |||
Value At Risk | (3.99) | |||
Potential Upside | 2.92 |
Workiva Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Workiva's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Workiva's standard deviation. In reality, there are many statistical measures that can use Workiva historical prices to predict the future Workiva's volatility.Risk Adjusted Performance | (0.05) | |||
Jensen Alpha | (0.54) | |||
Total Risk Alpha | (0.85) | |||
Treynor Ratio | (0.15) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Workiva's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Workiva Backtested Returns
Workiva shows Sharpe Ratio of -0.1, which attests that the company had a -0.1% return per unit of risk over the last 3 months. Workiva exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Workiva's Mean Deviation of 1.65, standard deviation of 2.52, and Market Risk Adjusted Performance of (0.14) to validate the risk estimate we provide. The firm maintains a market beta of 1.99, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Workiva will likely underperform. Workiva has an expected return of -0.27%. Please make sure to check out Workiva maximum drawdown and rate of daily change , to decide if Workiva performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.09 |
Very weak reverse predictability
Workiva has very weak reverse predictability. Overlapping area represents the amount of predictability between Workiva time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Workiva price movement. The serial correlation of -0.09 indicates that less than 9.0% of current Workiva price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.09 | |
Spearman Rank Test | 0.18 | |
Residual Average | 0.0 | |
Price Variance | 1.06 |
Workiva lagged returns against current returns
Autocorrelation, which is Workiva stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Workiva's stock expected returns. We can calculate the autocorrelation of Workiva returns to help us make a trade decision. For example, suppose you find that Workiva has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
Timeline |
Workiva regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Workiva stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Workiva stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Workiva stock over time.
Current vs Lagged Prices |
Timeline |
Workiva Lagged Returns
When evaluating Workiva's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Workiva stock have on its future price. Workiva autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Workiva autocorrelation shows the relationship between Workiva stock current value and its past values and can show if there is a momentum factor associated with investing in Workiva.
Regressed Prices |
Timeline |
Workiva Investors Sentiment
The influence of Workiva's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Workiva. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Workiva's public news can be used to forecast risks associated with an investment in Workiva. The trend in average sentiment can be used to explain how an investor holding Workiva can time the market purely based on public headlines and social activities around Workiva. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Workiva's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Workiva's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Workiva's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Workiva.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Workiva in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Workiva's short interest history, or implied volatility extrapolated from Workiva options trading.
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Check out Workiva Correlation, Workiva Volatility and Workiva Alpha and Beta module to complement your research on Workiva. For more information on how to buy Workiva Stock please use our How to buy in Workiva Stock guide.You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
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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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.