Okta (Germany) Price on September 11, 2024
| 0OK Stock | EUR 77.71 1.63 2.05% |
If you're considering investing in Okta Stock, it is important to understand the factors that can impact its price. As of today, the current price of Okta stands at 77.71, as last reported on the 29th of December, with the highest price reaching 80.41 and the lowest price hitting 77.71 during the day. Okta appears to be very steady, given 3 months investment horizon. Okta Inc maintains Sharpe Ratio (i.e., Efficiency) of 0.12, which implies the firm had a 0.12% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Okta Inc, which you can use to evaluate the volatility of the company. Please evaluate Okta's Semi Deviation of 1.64, coefficient of variation of 931.94, and Risk Adjusted Performance of 0.0919 to confirm if our risk estimates are consistent with your expectations.
Okta Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Okta |
Sharpe Ratio = 0.1186
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | 0OK | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 2.25 actual daily | 20 80% of assets are more volatile |
Expected Return
| 0.27 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average Okta is performing at about 9% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Okta by adding it to a well-diversified portfolio.
Okta Valuation on September 11, 2024
It is possible to determine the worth of Okta on a given historical date. On September 11, 2024 Okta was worth 63.39 at the beginning of the trading date compared to the closed value of 65.9. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Okta stock. Still, in general, we apply an absolute valuation method to find Okta's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Okta where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Okta's related companies.
| Open | High | Low | Close | Volume | |
| 64.80 | 64.80 | 63.63 | 63.76 | 107.00 | |
09/11/2024 | 63.39 | 65.90 | 63.39 | 65.90 | 130.00 |
| 66.29 | 66.29 | 66.29 | 66.29 | 130.00 |
| Backtest Okta | | | Okta History | | | Okta Valuation | Previous | Next |
Okta Trading Date Momentum on September 11, 2024
| On September 12 2024 Okta Inc was traded for 66.29 at the closing time. The highest daily price throughout the period was 66.29 and the lowest price was 66.29 . The daily volume was 130. The net trading volume on 09/12/2024 added to the next day price rise. The daily price change to closing price of the next trading day was 0.59% . The trading delta at closing time to current closing price is 4.40% . |
Okta Inc Fundamentals Correlations and Trends
By evaluating Okta's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Okta's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Okta financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Okta Stock history
Okta investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Okta is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Okta Inc will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Okta stock prices may prove useful in developing a viable investing in Okta
Okta, Inc. provides identity solutions for enterprises, small and medium-sized businesses, universities, non-profits, and government agencies in the United States and internationally. Okta, Inc. was founded in 2009 and is headquartered in San Francisco, California. OKTA INC operates under Software - Infrastructure classification in Germany and is traded on Frankfurt Stock Exchange. It employs 1770 people.
Okta Stock Technical Analysis
Okta 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.
Price Boundaries
Okta Period Price Range
Low | December 29, 2024
| High |
0.00 | 0.00 |
Okta Inc cannot be verified against its exchange. Please verify the symbol is currently traded on Frankfurt Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Okta December 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Okta stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Okta shares will generate the highest return on investment. By undertsting and applying Okta stock market strength indicators, traders can identify Okta Inc entry and exit signals to maximize returns
Okta Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Okta's price direction in advance. Along with the technical and fundamental analysis of Okta Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Okta to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0919 | |||
| Jensen Alpha | 0.2169 | |||
| Total Risk Alpha | 0.1663 | |||
| Sortino Ratio | 0.11 | |||
| Treynor Ratio | 0.4555 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Okta Stock analysis
When running Okta's price analysis, check to measure Okta'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 Okta is operating at the current time. Most of Okta's value examination focuses on studying past and present price action to predict the probability of Okta's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Okta's price. Additionally, you may evaluate how the addition of Okta to your portfolios can decrease your overall portfolio volatility.
| Bonds Directory Find actively traded corporate debentures issued by US companies | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
| Fundamental Analysis View fundamental data based on most recent published financial statements |