Okta (Brazil) Market Value
| O1KT34 Stock | BRL 25.83 0.51 2.01% |
| 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.
| 09/13/2024 |
| 12/12/2024 |
If you would invest 0.00 in Okta on September 13, 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 90 days. Okta is related to or competes with CM Hospitalar, Nordon Indstrias, Tyson Foods, American Airlines, Charter Communications, New Oriental, and Extra Space. Okta, Inc. provides identity management platform for enterprises, small and medium-sized businesses, universities, non-p... 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 | 2.92 | |||
| Information Ratio | 0.1114 | |||
| Maximum Drawdown | 14.39 | |||
| Value At Risk | (2.87) | |||
| Potential Upside | 4.74 |
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 | 0.1251 | |||
| Jensen Alpha | 0.3379 | |||
| Total Risk Alpha | 0.0019 | |||
| Sortino Ratio | 0.0912 | |||
| Treynor Ratio | 1.01 |
Okta Inc Backtested Returns
Okta appears to be very steady, given 3 months investment horizon. Okta Inc maintains Sharpe Ratio (i.e., Efficiency) of 0.15, which implies the firm had a 0.15% return per unit of risk over the last 3 months. We have found thirty technical indicators for Okta Inc, which you can use to evaluate the volatility of the company. Please evaluate Okta's Risk Adjusted Performance of 0.1251, semi deviation of 1.66, and Coefficient Of Variation of 611.71 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Okta holds a performance score of 12. The company holds a Beta of 0.38, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Okta's returns are expected to increase less than the market. However, during the bear market, the loss of holding Okta is expected to be smaller as well. Please check Okta's sortino ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to make a quick decision on whether Okta's historical price patterns will revert.
Auto-correlation | 0.47 |
Average predictability
Okta Inc has average predictability. Overlapping area represents the amount of predictability between Okta time series from 13th of September 2024 to 28th of October 2024 and 28th of October 2024 to 12th 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 0.47 indicates that about 47.0% of current Okta price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 3.46 |
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 |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.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 Transaction History module to view history of all your transactions and understand their impact on performance.
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.