Workday Stock Performance

WDAY
 Stock
  

USD 142.35  2.77  1.98%   

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.
  
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Workday Performance
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Over the last 90 days Workday has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of unsteady performance in the last few months, the Stock's basic indicators remain fairly strong which may send shares a bit higher in August 2022. The current disturbance may also be a sign of long term up-swing for the company investors. ...more

Workday Price Channel

Quick Ratio0.96
Fifty Two Week Low134.53
Target High Price360.00
Fifty Two Week High307.81
Target Low Price230.00

Workday Relative Risk vs. Return Landscape

If you would invest  23,972  in Workday on April 5, 2022 and sell it today you would lose (9,737)  from holding Workday or give up 40.62% of portfolio value over 90 days. Workday is currently does not generate positive expected returns and assumes 3.3342% risk (volatility on return distribution) over the 90 days horizon. In different words, 28% of stocks are less volatile than Workday, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon.
 Daily Expected Return (%) 
      Risk (%) 
Given the investment horizon of 90 days Workday is expected to under-perform the market. In addition to that, the company is 2.3 times more volatile than its market benchmark. It trades about -0.23 of its total potential returns per unit of risk. The DOW is currently generating roughly -0.11 per unit of volatility.

Workday Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Workday's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Workday, and traders can use it to determine the average amount a Workday's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = -0.2347

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Negative ReturnsWDAY
Estimated Market Risk
 3.33
  actual daily
 
 28 %
of total potential
 
2828
Expected Return
 -0.78
  actual daily
 
 0 %
of total potential
 
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Risk-Adjusted Return
 -0.23
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 0 %
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Based on monthly moving average Workday is performing at about 0% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Workday by adding it to a well-diversified portfolio.

About Workday Performance

To evaluate Workday Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Workday generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Workday Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Workday stock market performance in a much more refined way. At Macroaxis, we take it even further. The Macroaxis performance score is an integer between 0 and 100 that represents Workday's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2022
Effect of Exchange Rate Changes on Cash10.3 K11.2 K
Return on Investment(2.03) (2.20) 
Return on Average Assets 0.31  0.33 
Return on Average Equity 0.75  0.81 
Return on Invested Capital(0.13) (0.14) 
Return on Sales(0.74) (0.80) 
Workday, Inc. provides enterprise cloud applications worldwide. Workday, Inc. was incorporated in 2005 and is headquartered in Pleasanton, California. Workday operates under SoftwareApplication classification in the United States and is traded on NASDAQ Exchange. It employs 15200 people.

Things to note about Workday

Checking the ongoing alerts about Workday for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Workday help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Workday Alerts

Equity Alerts and Improvement Suggestions

Workday generated a negative expected return over the last 90 days
Workday has high historical volatility and very poor performance
Workday is unlikely to experience financial distress in the next 2 years
Over 90.0% of the company outstanding shares are owned by institutional investors
Latest headline from www.defenseworld.net: AE Wealth Management LLC Sells 436 Shares of Workday, Inc. - Defense World
Check out Your Current Watchlist. 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 Focused Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.

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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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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.