Okta Inc Stock Market Value
| OKTA Stock | USD 76.57 1.12 1.48% |
| Symbol | Okta |
Okta Inc Price To Book Ratio
Is Internet Services & Infrastructure 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 Okta. If investors know Okta 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 Okta listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.81) | Revenue Per Share 14.715 | Quarterly Revenue Growth 0.162 | Return On Assets (0.02) | Return On Equity (0.02) |
The market value of Okta Inc is measured differently than its book value, which is the value of Okta that is recorded on the company's balance sheet. Investors also form their own opinion of Okta's value that differs from its market value or its book value, called intrinsic value, which is Okta'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 Okta's market value can be influenced by many factors that don't directly affect Okta'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 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.
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.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Okta on December 3, 2022 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 720 days. Okta is related to or competes with Crowdstrike Holdings, Cloudflare, MongoDB, Palo Alto, Zscaler, Adobe Systems, and Uipath. 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.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 19.6 | |||
| Value At Risk | (3.42) | |||
| Potential Upside | 2.39 |
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 | (0.09) | |||
| Jensen Alpha | (0.45) | |||
| Total Risk Alpha | (0.72) | |||
| Treynor Ratio | (0.41) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Okta's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Okta Inc Backtested Returns
Okta Inc maintains Sharpe Ratio (i.e., Efficiency) of -0.12, which implies the firm had a -0.12% return per unit of risk over the last 3 months. Okta Inc exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Okta's Risk Adjusted Performance of (0.09), variance of 7.36, and Coefficient Of Variation of (764.10) to confirm the risk estimate we provide. The company holds a Beta of 0.89, 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. At this point, Okta Inc has a negative expected return of -0.34%. Please make sure to check Okta's treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day median price , to decide if Okta Inc performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.28 |
Poor predictability
Okta Inc has poor predictability. Overlapping area represents the amount of predictability between Okta time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 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 Okta Inc price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Okta price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 115.59 |
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.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 Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
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.