The best indicator for Workday, Inc. (WDAY)
We backtested 20 indicators across daily, weekly and hourly charts on real Workday, Inc. (WDAY) history. Here's what actually worked — risk-adjusted, out-of-sample, with costs.
Williams %R
On the weekly chart, this is the strongest risk-adjusted edge we found for Workday, Inc. (WDAY) over ~13.7 years — trailing buy-and-hold by 0.4% CAGR.
The winner on each chart
Every indicator, ranked
Ranked by Sharpe (risk-adjusted return). Hypothetical, fees included.
| # | Indicator | TF | CAGR | Sharpe | Max DD | Win | Trades | vs B&H |
|---|---|---|---|---|---|---|---|---|
| 1 | Money Flow Index | Daily | 9.9% | 0.52 | -47.8% | 81.2% | 16 | 1.6% |
| 2 | Williams %R ✓ | Weekly | 7.9% | 0.41 | -50.2% | 66.7% | 18 | -0.4% |
| 3 | CCI | Daily | 5.7% | 0.35 | -55.5% | 73.8% | 65 | -2.6% |
| 4 | Stochastic ✓ | Daily | 4.7% | 0.31 | -47.4% | 63.8% | 69 | -3.6% |
| 5 | ADX / DMI ✓ | Weekly | 4.2% | 0.31 | -47.4% | 66.7% | 18 | -4.0% |
| 6 | WaveTrend (8/6/4) | Daily | 4.6% | 0.3 | -57.9% | 66.7% | 51 | -3.7% |
| 7 | RSI Trend (>50) ✓ | Weekly | 3.2% | 0.25 | -62.4% | 45.2% | 42 | -5.1% |
| 8 | Stochastic ✓ | Weekly | 4.0% | 0.28 | -49.9% | 61.5% | 13 | -4.3% |
| 9 | Williams %R ✓ | Daily | 1.7% | 0.2 | -55.0% | 69.7% | 89 | -6.6% |
| 10 | EMA 20/50 Cross | Daily | 1.6% | 0.19 | -61.1% | 40.0% | 30 | -6.7% |
| 11 | Bollinger Mean-Reversion ✓ | Daily | 1.5% | 0.18 | -49.8% | 67.8% | 59 | -6.8% |
| 12 | SMA 50/200 Cross ✓ | Daily | 2.5% | 0.23 | -59.3% | 36.4% | 11 | -5.8% |
| 13 | CCI ✓ | Weekly | 2.3% | 0.21 | -54.4% | 66.7% | 12 | -6.0% |
| 14 | WaveTrend (8/6/4) | Weekly | 2.5% | 0.23 | -69.0% | 60.0% | 10 | -5.7% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
For Workday, Inc. (WDAY), Williams %R on the weekly timeframe gave the best balance of return and risk in our test. It still trailed buy-and-hold on raw return — but remember: this is a hypothetical backtest of a standard rule, not a recommendation. Markets change. See the methodology and disclaimer.
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