Workday Stock Market Value

WDAY
 Stock
  

USD 142.35  2.77  1.98%   

Workday's market value is the price at which a share of Workday stock trades on a public exchange. It measures the collective expectations of Workday investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Workday and determine expected loss or profit from investing in Workday over a given investment horizon. Check out Workday Hype Analysis, Workday Correlation, Workday Valuation, Workday Volatility, as well as analyze Workday Alpha and Beta and Workday Performance.
Symbol
Backtest


Is Workday'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 Workday. If investors know Workday 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 Workday listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
36.2 B
Quarterly Revenue Growth YOY
0.22
Return On Assets
-0.0088
Return On Equity
-0.0064
The market value of Workday is measured differently than its book value, which is the value of Workday that is recorded on the company's balance sheet. Investors also form their own opinion of Workday's value that differs from its market value or its book value, called intrinsic value, which is Workday'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 Workday's market value can be influenced by many factors that don't directly affect Workday'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 Workday's value and its price as these two are different measures arrived at by different means. Investors typically determine Workday value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Workday'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.

Workday '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 Workday'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 Workday.
0.00
01/10/2021
No Change 0.00  0.0 
In 1 year 5 months and 25 days
07/04/2022
0.00
If you would invest  0.00  in Workday on January 10, 2021 and sell it all today you would earn a total of 0.00 from holding Workday or generate 0.0% return on investment in Workday over 540 days. Workday is related to or competes with Alphabet, NetApp, Sabre Corp, Teradata Corp, Vmware, Genesis Unicorn, and Mereo Biopharma. Workday, Inc. provides enterprise cloud applications worldwideMore

Workday 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 Workday'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 Workday upside and downside potential and time the market with a certain degree of confidence.

Workday Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Workday's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Workday's standard deviation. In reality, there are many statistical measures that can use Workday historical prices to predict the future Workday's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Workday'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. Please use the tools below to analyze the current value of Workday in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
140.48143.81147.14
Details
Intrinsic
Valuation
LowReal ValueHigh
128.12182.55185.88
Details
Naive
Forecast
LowNext ValueHigh
142.34145.67149.01
Details
28 Analysts
Consensus
LowTarget PriceHigh
271.00325.91370.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Workday. Your research has to be compared to or analyzed against Workday's peers to derive any actionable benefits. When done correctly, Workday's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Workday.

Workday Backtested Returns

Workday shows Sharpe Ratio of -0.23, which attests that the company had -0.23% of return per unit of risk over the last 3 months. Macroaxis standpoint towards determining the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Workday exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out Workday market risk adjusted performance of (0.51), and Mean Deviation of 2.62 to validate the risk estimate we provide.
The firm maintains a market beta of 1.5163, which attests to a somewhat significant risk relative to the market. Let's try to break down what Workday's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Workday will likely underperform. Even though it is essential to pay attention to Workday historical price patterns, it is always good to be careful when utilizing equity current price history. Our philosophy towards determining any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Workday exposes twenty-one different technical indicators, which can help you to evaluate its performance. Workday has an expected return of -0.78%. Please be advised to check out Workday jensen alpha and semi variance to decide if Workday performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  -0.1  

Very weak reverse predictability

Workday has very weak reverse predictability. Overlapping area represents the amount of predictability between Workday time series from 10th of January 2021 to 7th of October 2021 and 7th of October 2021 to 4th of July 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Workday price movement. The serial correlation of -0.1 indicates that less than 10.0% of current Workday price fluctuation can be explain by its past prices.
Correlation Coefficient-0.1
Spearman Rank Test-0.09
Residual Average0.0
Price Variance2103.72

Workday lagged returns against current returns

Autocorrelation, which is Workday 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 Workday's stock expected returns. We can calculate the autocorrelation of Workday returns to help us make a trade decision. For example, suppose you find that Workday stock 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 stock movement to match the lagging time series.
 Current and Lagged Values 
Share
      Timeline 

Workday 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 Workday stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Workday stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Workday stock over time.
 Current vs Lagged Prices 
Share
      Timeline 

Workday Lagged Returns

When evaluating Workday's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Workday stock have on its future price. Workday 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, Workday autocorrelation shows the relationship between Workday stock current value and its past values and can show if there is a momentum factor associated with investing in Workday.
 Regressed Prices 
Share
      Timeline 

Workday Investors Sentiment

The influence of Workday'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 Workday. 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 markets does not have a solid backing from leading economists and market statisticians.

Workday Implied Volatility

    
  65.26  
Workday's implied volatility exposes the market's sentiment of Workday stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Workday's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Workday stock will not fluctuate a lot when Workday's options are near their expiration.
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 Workday 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, Workday's short interest history, or implied volatility extrapolated from Workday options trading.

Current Sentiment - WDAY

Workday Investor Sentiment

Most of Macroaxis users are at this time bullish on Workday. What is your outlook on investing in Workday? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish

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Check out Workday Hype Analysis, Workday Correlation, Workday Valuation, Workday Volatility, as well as analyze Workday Alpha and Beta and Workday Performance. Note that the Workday information on this page should be used as a complementary analysis to other Workday's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.

Complementary Tools for Workday Stock analysis

When running Workday price analysis, check to measure Workday'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 Workday is operating at the current time. Most of Workday's value examination focuses on studying past and present price action to predict the probability of Workday's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Workday's price. Additionally, you may evaluate how the addition of Workday to your portfolios can decrease your overall portfolio volatility.
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Workday 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.
A focus of Workday technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Workday trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...