Workday Inc (WDAY)
Workday, Inc. provides business applications in the cloud worldwide. The company is headquartered in Pleasanton, California.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 46.32% per annum.
- WDAY price at the close of April 25, 2025 was $239.53 and was lower than the bottom border of the primary price channel by $124.56 (34.21%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 4.10% per annum.
- WDAY price at the close of April 25, 2025 was inside the secondary price channel.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of WDAY price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: May 11, 2022
End date: April 15, 2024
a = 4.1515
b = 0.0010
s = 0.0781
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0010) – 1
= 46.32%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0781) – 1
= 36.66%
May 11, 2022 calculations
Top border of price channel:
Exp(Y515)
= Exp(a + b × X515 + 2 × s)
= Exp(a + b × 744 + 2 × s)
= Exp(4.1515 + 0.0010 × 744 + 2 × 0.0781)
= Exp(5.0835)
= $161.34
Bottom border of price channel:
Exp(Y515)
= Exp(a + b × X515 – 2 × s)
= Exp(a + b × 744 – 2 × s)
= Exp(4.1515 + 0.0010 × 744 – 2 × 0.0781)
= Exp(4.7712)
= $118.06
April 15, 2024 calculations
Top border of price channel:
Exp(Y998)
= Exp(a + b × X998 + 2 × s)
= Exp(a + b × 1,449 + 2 × s)
= Exp(4.1515 + 0.0010 × 1,449 + 2 × 0.0781)
= Exp(5.8187)
= $336.52
Bottom border of price channel:
Exp(Y998)
= Exp(a + b × X998 – 2 × s)
= Exp(a + b × 1,449 – 2 × s)
= Exp(4.1515 + 0.0010 × 1,449 – 2 × 0.0781)
= Exp(5.5064)
= $246.25
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 46.32% per annum.
- WDAY price at the close of April 25, 2025 was $239.53 and was lower than the bottom border of the primary price channel by $124.56 (34.21%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: May 26, 2023
End date: April 25, 2025
a = 5.3391
b = 0.0001
s = 0.0952
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0001) – 1
= 4.10%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0952) – 1
= 46.33%
May 26, 2023 calculations
Top border of price channel:
Exp(Y777)
= Exp(a + b × X777 + 2 × s)
= Exp(a + b × 1,124 + 2 × s)
= Exp(5.3391 + 0.0001 × 1,124 + 2 × 0.0952)
= Exp(5.6533)
= $285.22
Bottom border of price channel:
Exp(Y777)
= Exp(a + b × X777 – 2 × s)
= Exp(a + b × 1,124 – 2 × s)
= Exp(5.3391 + 0.0001 × 1,124 – 2 × 0.0952)
= Exp(5.2726)
= $194.91
April 25, 2025 calculations
Top border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(5.3391 + 0.0001 × 1,824 + 2 × 0.0952)
= Exp(5.7304)
= $308.09
Bottom border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(5.3391 + 0.0001 × 1,824 – 2 × 0.0952)
= Exp(5.3497)
= $210.54
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 4.10% per annum.
- WDAY price at the close of April 25, 2025 was inside the secondary price channel.