Okta (Germany) Price on November 20, 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 27th 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 0.14, which implies the firm had a 0.14% 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 Coefficient Of Variation of 869.69, semi deviation of 1.6, and Risk Adjusted Performance of 0.098 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 = 0.1353
| 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
| 0.3 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.14 actual daily | 10 90% of assets perform better |
Based on monthly moving average Okta is performing at about 10% 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 November 20, 2024
It is possible to determine the worth of Okta on a given historical date. On November 20, 2024 Okta was worth 70.31 at the beginning of the trading date compared to the closed value of 69.26. 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 | |
| 68.42 | 69.79 | 68.42 | 69.79 | 7.00 | |
11/20/2024 | 70.31 | 70.31 | 69.26 | 69.26 | 10.00 |
| 69.33 | 72.25 | 69.33 | 71.71 | 35.00 |
| Backtest Okta | | | Okta History | | | Okta Valuation | Previous | Next |
Okta Trading Date Momentum on November 20, 2024
| On November 21 2024 Okta Inc was traded for 71.71 at the closing time. The highest daily price throughout the period was 72.25 and the lowest price was 69.33 . The daily volume was 35.0. The net trading volume on 11/21/2024 added to the next day price rise. The daily price change to closing price of the next trading day was 3.54% . The trading delta at closing time to current closing price is 5.63% . |
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 27, 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 27, 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 | 0.098 | |||
| Jensen Alpha | 0.2383 | |||
| Total Risk Alpha | 0.1822 | |||
| Sortino Ratio | 0.1202 | |||
| Treynor Ratio | 1.02 |
| 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.
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device | |
| Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios | |
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. |