Okta Competitors

Stocks . Brazil . 
Stock . Okta Inc
O1KT34 Stock  BRL 22.16  1.39  6.69%   
Okta Inc competes with TAL Education, MAHLE Metal, Telecomunicaes Brasileiras, Paycom Software, and New Oriental; as well as few others. The company operates under Technology sector and is part of Software—Infrastructure industry. Analyzing Okta competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Okta to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Okta Correlation with its peers.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Okta competition on your existing holdings.
  
Hype
Prediction
LowEstimatedHigh
18.0122.1626.31
Details
Intrinsic
Valuation
LowRealHigh
18.3522.4926.64
Details
Naive
Forecast
LowNextHigh
17.6721.8225.97
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
20.3921.7023.01
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Okta. Your research has to be compared to or analyzed against Okta's peers to derive any actionable benefits. When done correctly, Okta's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Okta Inc.

Okta Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Okta and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Okta and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Okta Inc does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
M2RV34
+ 0.88
M1NS34
M2RV34
+ 0.86
P1YC34
M1NS34
+ 0.76
P1YC34
M1NS34
+ 0.58
T1AL34
E1DU34
+ 0.56
TELB3
M2RV34
+ 0.55
T1AL34
  
High negative correlations   
M1NS34
- 0.7
LEVE3
P1YC34
- 0.68
LEVE3
M2RV34
- 0.67
LEVE3
P1YC34
- 0.65
TELB3
M2RV34
- 0.56
TELB3
LEVE3
- 0.48
T1AL34

Risk-Adjusted Indicators

There is a big difference between Okta Stock performing well and Okta Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Okta's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
All Fundamental Data

Okta Competitive Analysis

The better you understand Okta competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Okta's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Okta's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
O1KT34 T1AL34 LEVE3 TELB3 P1YC34 E1DU34 M1NS34 M2RV34
 6.69 
 22.16 
Okta
 0.53 
 5.65 
TAL
 3.10 
 27.94 
MAHLE
 3.52 
 12.89 
Telecomunicaes
 2.13 
 42.64 
Paycom
 0.04 
 22.33 
New
 0.54 
 39.34 
Monster
 1.11 
 53.45 
Marvell
Market Volatility
(90 Days Market Risk)
Not too volatile
Relatively risky
Very steady
Not too volatile
Very steady
Not too volatile
Very steady
Very steady
Market Performance
(90 Days Performance)
Very Weak
Modest
Very Weak
Very Weak
Good
Very Weak
Good
Good
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Quite High
Low
Low
Low
Quite High
Low
Unknown
Current Valuation
(Equity Enterprise Value)
Fairly Valued
Over Valued
Fairly Valued
Over Valued
Under Valued
Over Valued
Under Valued
Over Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Hold
Strong Sell
Strong Hold
Sell
Strong Buy
Strong Sell
Strong Buy
Strong Hold
Current Ratio
3.76 X
N/A
2.05 X
2.23 X
N/A
2.62 X
4.45 X
Net Asset
9.21 B
5.08 B
2.94 B
4.1 B
3.22 B
6.03 B
7.8 B
Profit Margin
(0.52) %
(0.16) %
0.14 %
(0.44) %
0.20 %
(0.1) %
0.19 %
EBITDA
(649.9 M)
(580.4 M)
832.02 M
233.44 M
323.18 M
(834.02 M)
1.85 B
Operating Margin
(0.46) %
(0.01) %
0.14 %
(0.08) %
0.28 %
0.10 %
0.26 %
Current Valuation
59.8 B
7.12 B
3.94 B
161.8 M
103.19 B
10.2 B
259.19 B
Price To Book
1.85 X
0.04 X
2.32 X
0.61 X
18.22 X
1.48 X
7.73 X
Five Year Return
N/A
N/A
4.84 %
N/A
N/A
N/A
N/A
Retained Earnings
N/A
N/A
N/A
(720 M)
N/A
N/A
N/A
Current Asset
N/A
N/A
N/A
259 M
N/A
N/A
N/A
Beta
1.02
-0.12
1.01
1.22
1.34
0.59
0.88
Number Of Employees
6.04 K
16.2 K
7.39 K
338
9
46.65 K
3.46 K
Shares Outstanding
3.2 B
216.27 M
128.31 M
67.98 M
1.74 B
2.55 B
4.18 B
Cash Flow From Operations
104.12 M
(939.18 M)
357.9 M
151.88 M
319.36 M
(1.28 B)
1.16 B
Annual Yield
N/A
N/A
0.05 %
N/A
N/A
N/A
N/A
Total Debt
1.82 B
N/A
100.07 M
155.88 M
27.38 M
65.39 M
20.77 M
Return On Equity
-0.16
-0.0517
0.34
-0.0978
0.27
-0.0533
0.19
Z Score
21.0
N/A
28.0
4.2
N/A
N/A
N/A
Return On Asset
-0.0556
-0.0014
0.12
-0.0045
0.0665
0.0242
0.13
Book Value Per Share
1.69 X
5.99 X
12.84 X
24.42 X
20.44 X
21.35 X
1.63 X
Current Liabilities
N/A
N/A
N/A
104 M
N/A
N/A
N/A
Total Asset
9.21 B
5.08 B
2.94 B
4.1 B
3.22 B
6.03 B
7.8 B
Debt To Equity
2.88 %
N/A
0.14 %
108.10 %
N/A
0.18 %
0 %
Target Price
N/A
N/A
27.0
N/A
N/A
N/A
N/A
Last Dividend Paid
N/A
N/A
3.66
N/A
N/A
N/A
N/A
Shares Owned By Institutions
N/A
N/A
14.88 %
N/A
N/A
N/A
0.01 %
Market Capitalization
65.35 B
23.59 B
4.51 B
1.11 B
97.11 B
37.72 B
283.94 B
Price To Earnings To Growth
9.78 X
N/A
2.74 X
N/A
1.79 X
N/A
3.42 X
Price To Earning
N/A
N/A
9.96 X
(2.44) X
N/A
N/A
4.51 X
Price To Sales
34.75 X
9.54 X
0.88 X
2.90 X
80.98 X
12.07 X
44.41 X
Net Income
(848.41 M)
(1.14 B)
566.86 M
(126.82 M)
195.96 M
(1.19 B)
1.38 B
Earnings Per Share
(1.64) X
N/A
4.47 X
(2.14) X
0.84 X
(31.86) X
1.49 X
Shares Owned By Insiders
N/A
N/A
7.00 %
98.48 %
N/A
N/A
N/A
Revenue
1.3 B
4.39 B
3.62 B
285.65 M
1.06 B
3.11 B
5.54 B
Working Capital
N/A
N/A
N/A
155 M
N/A
N/A
N/A
Cash And Equivalents
2.69 B
N/A
317.66 M
26.41 M
N/A
4.19 B
2.55 B
Cash Per Share
20.29 X
N/A
1.92 X
4.98 X
N/A
24.66 X
0.60 X
Gross Profit
905.68 M
2.19 B
986.96 M
(224.27 M)
1.21 B
1.35 B
3.11 B
Day Typical Price
22.16
5.67
27.63
12.96
42.64
22.45
39.34
53.75
Accumulation Distribution
N/A
0.0363
0.0364
0.016
N/A
0.0159
0.0048
0.0167
Market Facilitation Index
N/A
0.21
1.02
0.21
N/A
0.36
0.19
0.91
Daily Balance Of Power
9.2 T
(0.14)
0.8235
(2.24)
9.2 T
0.0278
1.105263
(0.66)
Period Momentum Indicator
1.39
(0.03)
0.84
(0.47)
0.89
0.01
0.21
(0.60)
Rate Of Daily Change
1.07
0.99
1.03
0.96
1.02
1.0
1.01
0.99
Day Median Price
22.16
5.68
27.48
13.0
42.64
22.51
39.34
53.91
Price Action Indicator
0.7
(0.04)
0.88
(0.34)
0.45
(0.18)
0.11
(0.75)
Relative Strength Index
20.41
32.89
44.56
20.77
85.56
3.57
61.05
54.41
Coefficient Of Variation
(1,905)
1367.76
(952.72)
(2,555)
617.88
(3,543)
533.74
452.63
Mean Deviation
1.99
2.81
0.8978
1.75
1.64
2.18
1.35
1.81
Jensen Alpha
(0.30)
0.2887
(0.19)
(0.12)
0.5539
(0.15)
0.3003
0.5347
Total Risk Alpha
(0.87)
(0.37)
(0.35)
(0.49)
0.0078
(0.58)
0.0418
0.1506
Sortino Ratio
N/A
0.0523
N/A
N/A
0.2064
N/A
0.1093
0.151
Downside Variance
N/A
11.74
N/A
N/A
6.63
N/A
3.15
8.05
Standard Deviation
4.1
4.24
1.31
2.45
4.09
3.08
1.73
2.53
Kurtosis
10.18
9.19
3.35
1.13
43.12
2.18
1.02
0.952
Potential Upside
4.1
5.23
2.07
4.87
5.29
3.9
2.83
5.43
Treynor Ratio
(0.38)
3.17
(0.46)
(1.00)
0.7991
(0.23)
2.62
4.57
Maximum Drawdown
32.19
32.28
7.84
12.42
36.37
18.3
9.83
11.71
Variance
16.81
17.99
1.71
5.99
16.75
9.5
3.01
6.41
Market Risk Adjusted Performance
(0.37)
3.18
(0.45)
(0.99)
0.8091
(0.22)
2.63
4.58
Risk Adjusted Performance
(0.03)
0.0643
(0.08)
(0.02)
0.1323
(0.01)
0.1493
0.1764
Skewness
(1.45)
1.78
(0.62)
0.5626
5.96
0.2848
(0.40)
0.2249
Semi Deviation
N/A
3.09
N/A
N/A
0.8305
N/A
1.41
1.8
Information Ratio
(0.08)
0.0423
(0.21)
(0.09)
0.1299
(0.07)
0.1119
0.1693
Value At Risk
(3.52)
(5.10)
(1.78)
(3.83)
(2.64)
(5.89)
(2.38)
(3.34)
Expected Short fall
N/A
(3.19)
N/A
N/A
(2.37)
N/A
(1.63)
(1.83)
Downside Deviation
N/A
3.43
N/A
N/A
2.58
N/A
1.78
2.84
Semi Variance
N/A
9.52
N/A
N/A
0.6897
N/A
1.99
3.26

Okta Competition Performance Charts

Five steps to successful analysis of Okta Competition

Okta's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Okta Inc in relation to its competition. Okta's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Okta in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Okta's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Okta Inc, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Okta position

In addition to having Okta in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Automobiles and Trucks Thematic Idea Now

Automobiles and Trucks
Automobiles and Trucks Theme
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Automobiles and Trucks theme has 61 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Automobiles and Trucks Theme or any other thematic opportunities.
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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:
How To Invest In Okta
Details
Is Okta Stock a good investment?
Details
What is Okta's Net Worth?
Details
Largest Internet Services & Infrastructure Companies
View
Largest Software - Infrastructure Companies
View
Check out Okta Correlation with its peers.
You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Altman
Z Score
Details
Intrinsic
Valuation
Details
Financial
Analysis
Details
Buy or Sell
Advice
Details
Technical
Analysis
Details
Please note, there is a significant difference between Okta's value and its price as these two are different measures arrived at by different means. Investors typically determine if Okta is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Okta's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
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