Workiva (Germany) Market Value
| 0WKA Stock | EUR 105.00 1.00 0.94% |
| Symbol | Workiva |
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.
| 11/28/2023 |
| 12/22/2024 |
If you would invest 0.00 in Workiva on November 28, 2023 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 390 days. Workiva is related to or competes with CDN IMPERIAL, QBE Insurance, CHIBA BANK, Ameriprise Financial, Commonwealth Bank, Chiba Bank, and Sixt Leasing. Workiva Inc. provides cloud solutions for the finance and accounting, audit and internal controls, risk and compliance, ... 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.
| Downside Deviation | 1.64 | |||
| Information Ratio | 0.2916 | |||
| Maximum Drawdown | 9.18 | |||
| Value At Risk | (2.25) | |||
| Potential Upside | 4.73 |
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 | 0.2493 | |||
| Jensen Alpha | 0.6254 | |||
| Total Risk Alpha | 0.5796 | |||
| Sortino Ratio | 0.3761 | |||
| Treynor Ratio | 1.06 |
Workiva Backtested Returns
Workiva appears to be very steady, given 3 months investment horizon. Workiva shows Sharpe Ratio of 0.3, which attests that the company had a 0.3% return per unit of risk over the last 3 months. By examining Workiva's technical indicators, you can evaluate if the expected return of 0.63% is justified by implied risk. Please utilize Workiva's Mean Deviation of 1.62, downside deviation of 1.64, and Market Risk Adjusted Performance of 1.07 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Workiva holds a performance score of 23. The firm maintains a market beta of 0.6, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Workiva's returns are expected to increase less than the market. However, during the bear market, the loss of holding Workiva is expected to be smaller as well. Please check Workiva's coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the information ratio and total risk alpha , to make a quick decision on whether Workiva's historical returns will revert.
Auto-correlation | -0.65 |
Very good reverse predictability
Workiva has very good reverse predictability. Overlapping area represents the amount of predictability between Workiva time series from 28th of November 2023 to 10th of June 2024 and 10th of June 2024 to 22nd of December 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 -0.65 indicates that roughly 65.0% of current Workiva price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | -0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 84.18 |
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 |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Workiva Stock
When determining whether Workiva is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Workiva Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Workiva Stock. Highlighted below are key reports to facilitate an investment decision about Workiva Stock:Check out Workiva Correlation, Workiva Volatility and Workiva Alpha and Beta module to complement your research on Workiva. For more detail on how to invest in Workiva Stock please use our How to Invest in Workiva guide.You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
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.