Okta (Brazil) Chance of Future Stock Price Finishing Over 25.58
| O1KT34 Stock | BRL 22.16 1.39 6.69% |
Okta |
Okta Target Price Odds to finish over 25.58
The tendency of Okta Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over R$ 25.58 or more in 90 days |
| 22.16 | 90 days | 25.58 | roughly 2.71 |
Based on a normal probability distribution, the odds of Okta to move over R$ 25.58 or more in 90 days from now is roughly 2.71 (This Okta Inc probability density function shows the probability of Okta Stock to fall within a particular range of prices over 90 days) . Probability of Okta Inc price to stay between its current price of R$ 22.16 and R$ 25.58 at the end of the 90-day period is about 38.09 .
Assuming the 90 days trading horizon Okta has a beta of 0.59. This indicates as returns on the market go up, Okta average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Okta Inc will be expected to be much smaller as well. Additionally Okta Inc has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Okta Price Density |
| Price |
Predictive Modules for Okta
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Okta Inc. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Okta Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Okta is not an exception. The market had few large corrections towards the Okta's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Okta Inc, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Okta within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.3 | |
β | Beta against Dow Jones | 0.59 | |
σ | Overall volatility | 2.02 | |
Ir | Information ratio | -0.08 |
Okta Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Okta for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Okta Inc can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Okta Inc generated a negative expected return over the last 90 days | |
| Okta Inc has high historical volatility and very poor performance | |
| The company reported the revenue of 1.3 B. Net Loss for the year was (848.41 M) with profit before overhead, payroll, taxes, and interest of 905.68 M. |
Okta Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Okta Stock often depends not only on the future outlook of the current and potential Okta's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Okta's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 156.6 M |
Okta Technical Analysis
Okta's future price can be derived by breaking down and analyzing its technical indicators over time. Okta Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Okta Inc. In general, you should focus on analyzing Okta Stock price patterns and their correlations with different microeconomic environments and drivers.
Okta Predictive Forecast Models
Okta's time-series forecasting models is one of many Okta's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Okta's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Okta Inc
Checking the ongoing alerts about Okta for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Okta Inc help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Okta Inc generated a negative expected return over the last 90 days | |
| Okta Inc has high historical volatility and very poor performance | |
| The company reported the revenue of 1.3 B. Net Loss for the year was (848.41 M) with profit before overhead, payroll, taxes, and interest of 905.68 M. |
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 Backtesting, Okta Valuation, Okta Correlation, Okta Hype Analysis, Okta Volatility, Okta History as well as Okta Performance. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.