Workday Stock Odds of Future Stock Price Finishing Under 238.63
| WDAY Stock | USD 253.40 16.79 6.21% |
Workday |
Workday Target Price Odds to finish below 238.63
The tendency of Workday Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to $ 238.63 or more in 90 days |
| 253.40 | 90 days | 238.63 | about 13.45 |
Based on a normal probability distribution, the odds of Workday to drop to $ 238.63 or more in 90 days from now is about 13.45 (This Workday probability density function shows the probability of Workday Stock to fall within a particular range of prices over 90 days) . Probability of Workday price to stay between $ 238.63 and its current price of $253.4 at the end of the 90-day period is about 47.69 .
Given the investment horizon of 90 days Workday has a beta of 0.85. This entails Workday market returns are sensitive to returns on the market. As the market goes up or down, Workday is expected to follow. Additionally Workday has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Workday Price Density |
| Price |
Predictive Modules for Workday
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Workday. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Workday Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Workday is not an exception. The market had few large corrections towards the Workday's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Workday, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Workday within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.16 | |
β | Beta against Dow Jones | 0.85 | |
σ | Overall volatility | 10.66 | |
Ir | Information ratio | -0.1 |
Workday Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Workday for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Workday can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Workday generated a negative expected return over the last 90 days | |
| Workday has a poor financial position based on the latest SEC disclosures | |
| Over 93.0% of the company outstanding shares are owned by institutional investors | |
| Latest headline from finance.yahoo.com: Workday Q3 Earnings How Key Metrics Compare to Wall Street Estimates |
Workday Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Workday Stock often depends not only on the future outlook of the current and potential Workday's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Workday's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 265.3 M | |
| Cash And Short Term Investments | 7.8 B |
Workday Technical Analysis
Workday's future price can be derived by breaking down and analyzing its technical indicators over time. Workday Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Workday. In general, you should focus on analyzing Workday Stock price patterns and their correlations with different microeconomic environments and drivers.
Workday Predictive Forecast Models
Workday's time-series forecasting models is one of many Workday's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Workday's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
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 generated a negative expected return over the last 90 days | |
| Workday has a poor financial position based on the latest SEC disclosures | |
| Over 93.0% of the company outstanding shares are owned by institutional investors | |
| Latest headline from finance.yahoo.com: Workday Q3 Earnings How Key Metrics Compare to Wall Street Estimates |
Additional Tools for Workday Stock Analysis
When running Workday's 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 the 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.