Oklo Inc Stock Market Value
| OKLO Stock | 25.23 4.28 20.43% |
| Symbol | Oklo |
Oklo Inc Price To Book Ratio
Is Electric Utilities space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Oklo. If investors know Oklo will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Oklo listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.297 | Earnings Share (0.12) | Return On Assets (0.15) | Return On Equity (0.59) |
The market value of Oklo Inc is measured differently than its book value, which is the value of Oklo that is recorded on the company's balance sheet. Investors also form their own opinion of Oklo's value that differs from its market value or its book value, called intrinsic value, which is Oklo's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Oklo's market value can be influenced by many factors that don't directly affect Oklo's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Oklo's value and its price as these two are different measures arrived at by different means. Investors typically determine if Oklo is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Oklo'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.
Oklo '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 Oklo'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 Oklo.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Oklo on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Oklo Inc or generate 0.0% return on investment in Oklo over 30 days. Oklo is related to or competes with Universal Music, Lululemon Athletica, Coupang LLC, ATRenew, Pentair PLC, Simon Property, and National Vision. Oklo is entity of United States. It is traded as Stock on NYSE exchange. More
Oklo 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 Oklo'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 Oklo Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.88 | |||
| Information Ratio | 0.2203 | |||
| Maximum Drawdown | 66.6 | |||
| Value At Risk | (7.87) | |||
| Potential Upside | 22.38 |
Oklo Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Oklo's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Oklo's standard deviation. In reality, there are many statistical measures that can use Oklo historical prices to predict the future Oklo's volatility.| Risk Adjusted Performance | 0.1852 | |||
| Jensen Alpha | 2.15 | |||
| Total Risk Alpha | 1.06 | |||
| Sortino Ratio | 0.3406 | |||
| Treynor Ratio | 0.8353 |
Oklo Inc Backtested Returns
Oklo is slightly risky given 3 months investment horizon. Oklo Inc maintains Sharpe Ratio (i.e., Efficiency) of 0.24, which implies the firm had a 0.24% return per unit of risk over the last 3 months. We were able to break down and interpolate thirty different technical indicators, which can help you to evaluate if expected returns of 2.56% are justified by taking the suggested risk. Use Oklo Risk Adjusted Performance of 0.1852, coefficient of variation of 433.63, and Semi Deviation of 5.64 to evaluate company specific risk that cannot be diversified away. Oklo holds a performance score of 18 on a scale of zero to a hundred. The company holds a Beta of 2.93, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Oklo will likely underperform. Use Oklo semi variance, and the relationship between the treynor ratio and daily balance of power , to analyze future returns on Oklo.
Auto-correlation | -0.14 |
Insignificant reverse predictability
Oklo Inc has insignificant reverse predictability. Overlapping area represents the amount of predictability between Oklo time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd of November 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 Oklo Inc price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Oklo price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | -0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 5.24 |
Oklo Inc lagged returns against current returns
Autocorrelation, which is Oklo 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 Oklo's stock expected returns. We can calculate the autocorrelation of Oklo returns to help us make a trade decision. For example, suppose you find that Oklo 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 |
Oklo 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 Oklo stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Oklo stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Oklo stock over time.
Current vs Lagged Prices |
| Timeline |
Oklo Lagged Returns
When evaluating Oklo's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Oklo stock have on its future price. Oklo 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, Oklo autocorrelation shows the relationship between Oklo stock current value and its past values and can show if there is a momentum factor associated with investing in Oklo Inc.
Regressed Prices |
| Timeline |
Pair Trading with Oklo
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Oklo position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Oklo will appreciate offsetting losses from the drop in the long position's value.Moving against Oklo Stock
| 0.92 | EBR | Centrais Electricas | PairCorr |
| 0.7 | ES | Eversource Energy | PairCorr |
| 0.7 | FE | FirstEnergy | PairCorr |
| 0.67 | AEP | American Electric Power | PairCorr |
| 0.44 | HE | Hawaiian Electric | PairCorr |
The ability to find closely correlated positions to Oklo could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Oklo when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Oklo - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Oklo Inc to buy it.
The correlation of Oklo is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Oklo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Oklo Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Oklo can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Oklo Correlation, Oklo Volatility and Oklo Alpha and Beta module to complement your research on Oklo. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Oklo 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.