Okta (Brazil) Buy Hold or Sell Recommendation
| O1KT34 Stock | BRL 24.12 0.63 2.55% |
Assuming the 90 days trading horizon and your typical level of risk aversion, our recommendation regarding Okta Inc is 'Strong Hold'. Macroaxis provides Okta buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding Okta positions. The advice algorithm takes into account all of Okta's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Okta's buy or sell advice are summarized below:
Real Value 24.13 | Hype Value 24.12 | Market Value 24.12 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Okta Inc given historical horizon and risk tolerance towards Okta. When Macroaxis issues a 'buy' or 'sell' recommendation for Okta Inc, the advice is generated through an automated system that utilizes algorithms and statistical models.
Okta |
Execute Okta Buy or Sell Advice
The Okta recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Okta Inc. Macroaxis does not own or have any residual interests in Okta Inc or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Okta's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Hold
Market Performance | Modest | Details | |
Volatility | Not too volatile | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Slowly supersedes the market | Details | |
Analyst Consensus | Not Available | Details | |
Reporting Quality (M-Score) | Inapplicable | Details |
Okta Trading Alerts and Improvement Suggestions
| 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 Returns Distribution Density
The distribution of Okta's historical returns is an attempt to chart the uncertainty of Okta's future price movements. The chart of the probability distribution of Okta daily returns describes the distribution of returns around its average expected value. We use Okta Inc price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Okta returns is essential to provide solid investment advice for Okta.
| Mean Return | 0.29 | Value At Risk | -2.71 | Potential Upside | 3.19 | Standard Deviation | 2.79 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Okta historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Okta Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Okta or Technology sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Okta's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Okta stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | 0.25 | |
β | Beta against NYSE Composite | 0.31 | |
σ | Overall volatility | 2.86 | |
Ir | Information ratio | 0.07 |
Okta Volatility Alert
Okta Inc currently demonstrates below-average downside deviation. It has Information Ratio of 0.07 and Jensen Alpha of 0.25. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Okta's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Okta's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Okta Fundamentals Vs Peers
Comparing Okta's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Okta's direct or indirect competition across all of the common fundamentals between Okta and the related equities. This way, we can detect undervalued stocks with similar characteristics as Okta or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Okta's fundamental indicators could also be used in its relative valuation, which is a method of valuing Okta by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Okta to competition |
| Fundamentals | Okta | Peer Average |
| Return On Equity | -0.16 | -0.31 |
| Return On Asset | -0.0556 | -0.14 |
| Profit Margin | (0.52) % | (1.27) % |
| Operating Margin | (0.46) % | (5.51) % |
| Current Valuation | 59.8 B | 16.62 B |
| Shares Outstanding | 3.2 B | 571.82 M |
| Price To Book | 1.85 X | 9.51 X |
| Price To Sales | 34.75 X | 11.42 X |
| Revenue | 1.3 B | 9.43 B |
| Gross Profit | 905.68 M | 27.38 B |
| EBITDA | (649.9 M) | 3.9 B |
| Net Income | (848.41 M) | 570.98 M |
| Cash And Equivalents | 2.69 B | 2.7 B |
| Cash Per Share | 20.29 X | 5.01 X |
| Total Debt | 1.82 B | 5.32 B |
| Debt To Equity | 2.88 % | 48.70 % |
| Current Ratio | 3.76 X | 2.16 X |
| Book Value Per Share | 1.69 X | 1.93 K |
| Cash Flow From Operations | 104.12 M | 971.22 M |
| Earnings Per Share | (1.64) X | 3.12 X |
| Price To Earnings To Growth | 9.78 X | 4.89 X |
| Number Of Employees | 6.04 K | 18.84 K |
| Beta | 1.02 | -0.15 |
| Market Capitalization | 65.35 B | 19.03 B |
| Total Asset | 9.21 B | 29.47 B |
| Z Score | 21.0 | 8.72 |
| Net Asset | 9.21 B |
Okta Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Okta . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Okta Buy or Sell Advice
When is the right time to buy or sell Okta Inc? Buying financial instruments such as Okta Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
Use Investing Ideas to Build Portfolios
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?
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Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Apparel theme has 50 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 Apparel Theme or any other thematic opportunities.
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Check out Okta Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note that the Okta Inc information on this page should be used as a complementary analysis to other Okta's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Complementary Tools for Okta Stock analysis
When running Okta's price analysis, check to measure Okta's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Okta is operating at the current time. Most of Okta's value examination focuses on studying past and present price action to predict the probability of Okta's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Okta's price. Additionally, you may evaluate how the addition of Okta to your portfolios can decrease your overall portfolio volatility.
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