Okta (Germany) Market Value
| 0OK Stock | EUR 79.34 0.16 0.20% |
| Symbol | Okta |
Okta 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Okta's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Okta.
| 11/26/2024 |
| 12/26/2024 |
If you would invest 0.00 in Okta on November 26, 2024 and sell it all today you would earn a total of 0.00 from holding Okta Inc or generate 0.0% return on investment in Okta over 30 days. Okta is related to or competes with Fair Isaac, Amdocs, F5 Networks, Xero, and Nutanix. Okta, Inc. provides identity solutions for enterprises, small and medium-sized businesses, universities, non-profits, an... More
Okta Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Okta's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Okta Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.84 | |||
| Information Ratio | 0.0947 | |||
| Maximum Drawdown | 10.78 | |||
| Value At Risk | (2.93) | |||
| Potential Upside | 4.85 |
Okta Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Okta's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Okta's standard deviation. In reality, there are many statistical measures that can use Okta historical prices to predict the future Okta's volatility.| Risk Adjusted Performance | 0.0983 | |||
| Jensen Alpha | 0.21 | |||
| Total Risk Alpha | 0.1478 | |||
| Sortino Ratio | 0.1134 | |||
| Treynor Ratio | 0.2514 |
Okta Inc Backtested Returns
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 Semi Deviation of 1.6, coefficient of variation of 869.69, and Risk Adjusted Performance of 0.0983 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Okta holds a performance score of 11. The company holds a Beta of 0.97, which implies possible diversification benefits within a given portfolio. Okta returns are very sensitive to returns on the market. As the market goes up or down, Okta is expected to follow. Please check Okta's standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Okta's historical price patterns will revert.
Auto-correlation | -0.02 |
Very weak reverse predictability
Okta Inc has very weak reverse predictability. Overlapping area represents the amount of predictability between Okta time series from 26th of November 2024 to 11th of December 2024 and 11th of December 2024 to 26th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Okta Inc price movement. The serial correlation of -0.02 indicates that only 2.0% of current Okta price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 1.27 |
Okta Inc lagged returns against current returns
Autocorrelation, which is Okta stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Okta's stock expected returns. We can calculate the autocorrelation of Okta returns to help us make a trade decision. For example, suppose you find that Okta has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Okta regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Okta stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Okta stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Okta stock over time.
Current vs Lagged Prices |
| Timeline |
Okta Lagged Returns
When evaluating Okta's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Okta stock have on its future price. Okta autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Okta autocorrelation shows the relationship between Okta stock current value and its past values and can show if there is a momentum factor associated with investing in Okta Inc.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Okta Stock
When determining whether Okta Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Okta's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Okta Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Okta Inc Stock:Check out Okta Correlation, Okta Volatility and Okta Alpha and Beta module to complement your research on Okta. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
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.