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Workday, Inc. (NASD:WDAY) Seasonal Chart

Seasonal Chart Analysis

Analysis of the Workday, Inc. (NASD:WDAY) seasonal charts above shows that a Buy Date of July 8 and a Sell Date of October 6 has resulted in a geometric average return of 8.63% above the benchmark rate of the S&P 500 Total Return Index over the past 6 years. This seasonal timeframe has shown positive results compared to the benchmark in 6 of those periods. This is an excellent rate of success and the return slightly outperforms the relative buy-and-hold performance of the stock over the past 6 years by an average of 0.87% per year.

The seasonal timeframe correlates Poorly with the period of seasonal strength for the Technology sector, which runs from October 9 to February 15. The seasonal chart for the broad sector is available via the following link: Technology Sector Seasonal Chart.

A word of caution: Only 6 years of data is available for shares of WDAY, perhaps insufficient to create a seasonal profile that accurately gauges the seasonal tendencies influencing the investment. Ideally, while 20 years is preferred, at least 10 years of data is required to perform a seasonal analysis that is considered to be reliable for future seasonal periods.

Workday is a software-as-a-service provider that offers enterprise resource planning software for medium and large enterprises. The firm?s roots are in ERP software vendor PeopleSoft, which was founded by Workday cofounder David Duffield, while fellow Workday cofounder Aneel Bhusri served as vice chairman at PeopleSoft. The company?s product portfolio is centered on human capital and financial management software, though it continues to add new applications to the product set. Just over 75% of the firm?s revenue comes from the U.S.

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