Workday Stock Alpha and Beta Analysis

WDAY
 Stock
  

USD 177.79  1.76  0.98%   

This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Workday. It also helps investors analyze the systematic and unsystematic risks associated with investing in Workday over a specified time horizon. Remember, high Workday's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation.
Check out Workday Backtesting, Workday Valuation, Workday Correlation, Workday Hype Analysis, Workday Volatility, Workday History and analyze Workday Performance.
  
Please note that although Workday alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., DOW index.) So in this particular case, Workday did 0.08  worse than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of Workday stock's relative risk over its benchmark. Workday has a beta of 1.57  . 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.
Workday Price to Book Value is fairly stable at the moment as compared to the past year. Workday reported Price to Book Value of 12.37 in 2021. Tangible Assets Book Value per Share is likely to rise to 3.35 in 2022, whereas Book Value per Share is likely to drop (3.55)  in 2022.
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.

Enterprise Value

11.41 Billion

Workday Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Workday market risk premium is the additional return an investor will receive from holding Workday long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Workday. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Workday's performance over market.
α-0.08   β1.57
90 days against DJI

Workday expected buy-and-hold returns

Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Workday's Buy-and-hold return. Our buy-and-hold chart shows how Workday performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

Workday Market Price Analysis

Market price analysis indicators help investors to evaluate how Workday stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Workday shares will generate the highest return on investment. By understating and applying Workday stock market price indicators, traders can identify Workday position entry and exit signals to maximize returns.

Workday Return and Market Media

The median price of Workday for the period between Thu, May 19, 2022 and Wed, Aug 17, 2022 is 153.83 with a coefficient of variation of 8.03. The daily time series for the period is distributed with a sample standard deviation of 12.4, arithmetic mean of 154.38, and mean deviation of 10.61. The Stock received substential amount of media coverage during this period.
 Price Growth (%)  
       Timeline  
1
A Falling U.S. Dollar Could Give Multinational Stocks a Boos...05/23/2022
2
EPS Reported05/26/2022
3
Sale by Fernandez Gomez Luciano of 2030 shares of Workday06/15/2022
4
Sale by Robinson Douglas A of 331 shares of Workday06/16/2022
5
Workdays Buy Rating Reaffirmed at Oppenheimer - Defense Worl...06/23/2022
6
Acquisition by Doughtie Lynne M of 2321 shares of Workday su...06/24/2022
7
Workday exotic insider transaction detected06/29/2022
8
AE Wealth Management LLC Sells 436 Shares of Workday, Inc. -...07/01/2022
9
Workday Achieves FedRAMP Authorized Designation - Marketscre...07/13/2022
10
Sale by Larson Barbara A of 1962 shares of Workday07/19/2022
11
Apples iMessage is looking more like a workday collaboration...07/21/2022
12
Analyzing Workday TradeUP Global - Defense World08/02/2022
13
Optimus Prime Fund Management Co., Ltd. Buys 4, Sells 1 in 2...08/15/2022

About Workday Beta and Alpha

For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Workday or other stocks. Alpha measures the amount that position in Workday has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
 2020 2021 2022 (projected)
Receivables Turnover4.514.525.17
PPandE Turnover4.514.95.89

Workday Upcoming Company Events

As portrayed in its financial statements, the presentation of Workday's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Workday's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Workday's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Workday. Please utilize our Beneish M Score to check the likelihood of Workday's management manipulating its earnings.
Upcoming Quarterly Report24th of February 2022
Next Financial Report25th of May 2022
Next Fiscal Quarter End31st of January 2022
Next Fiscal Year End24th of February 2022
Last Quarter Report31st of October 2021
Last Financial Announcement31st of January 2021

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Check out Workday Backtesting, Workday Valuation, Workday Correlation, Workday Hype Analysis, Workday Volatility, Workday History and analyze 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 Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.

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...