Okta Stock Performance

OKTA
 Stock
  

USD 61.89  0.05  0.08%   

Okta has a performance score of 2 on a scale of 0 to 100. The company holds a Beta of 1.4999, which implies a somewhat significant risk relative to the market. Let's try to break down what Okta's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Okta will likely underperform. Although it is important to respect Okta Inc current trending patterns, it is better to be realistic regarding the information on the equity's existing price patterns. The philosophy towards forecasting future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By analyzing Okta Inc technical indicators, you can presently evaluate if the expected return of 0.14% will be sustainable into the future. Okta Inc right now holds a risk of 5.09%. Please check Okta Inc information ratio, value at risk, as well as the relationship between the Value At Risk and expected short fall to decide if Okta Inc will be following its historical price patterns.
  
Okta Performance
2 of 100
Compared to the overall equity markets, risk-adjusted returns on investments in Okta Inc are ranked lower than 2 (%) of all global equities and portfolios over the last 90 days. Despite somewhat unsteady basic indicators, Okta may actually be approaching a critical reversion point that can send shares even higher in January 2023. ...more

Okta Price Channel

Begin Period Cash Flow448630000.00
Total Cashflows From Investing Activities-366812000.00

Okta Relative Risk vs. Return Landscape

If you would invest  6,119  in Okta Inc on September 7, 2022 and sell it today you would earn a total of  70.00  from holding Okta Inc or generate 1.14% return on investment over 90 days. Okta Inc is currently generating 0.1374% in daily expected returns and assumes 5.0853% risk (volatility on return distribution) over the 90 days horizon. In different words, 44% of stocks are less volatile than Okta, and 98% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon.
  Daily Expected Return (%)  
       Risk (%)  
Given the investment horizon of 90 days Okta is expected to generate 3.37 times more return on investment than the market. However, the company is 3.37 times more volatile than its market benchmark. It trades about 0.03 of its potential returns per unit of risk. The NYSE Composite is currently generating roughly 0.04 per unit of risk.

Okta Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Okta's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Okta Inc, and traders can use it to determine the average amount a Okta's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.027

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Estimated Market Risk
 5.09
  actual daily
 
 44 %
of total potential
 
4444
Expected Return
 0.14
  actual daily
 
 2 %
of total potential
 
22
Risk-Adjusted Return
 0.03
  actual daily
 
 2 %
of total potential
 
22
Based on monthly moving average Okta is performing at about 2% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Okta by adding it to a well-diversified portfolio.

About Okta Performance

To evaluate Okta Inc Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Okta generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Okta Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Okta Inc market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Okta's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2022
Effect of Exchange Rate Changes on Cash-188.1 K-193.1 K
Return on Investment(15.02) (16.21) 
Return on Average Assets(13.57) (14.64) 
Return on Average Equity(25.65) (27.67) 
Return on Invested Capital(0.20) (0.22) 
Return on Sales(0.36) (0.39) 

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. 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 Alerts

Equity Alerts and Improvement Suggestions

Okta Inc has very high historical volatility over the last 90 days
The company reported the previous year's 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 Inc has a poor financial position based on the latest SEC disclosures
Over 82.0% of the company shares are owned by institutional investors
Latest headline from news.google.com: Why Amazon, Okta, and Roku Stocks All Slumped Monday - Nasdaq
Please check Your Equity Center. You can also try Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.

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Is Okta's industry 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.
Market Capitalization
9.8 B
Quarterly Revenue Growth YOY
0.372
Return On Assets
(0.06) 
Return On Equity
(0.16) 
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 Okta value 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.