OKTA INC (UK) Performance

The company holds a Beta of 0.0, which implies not very significant fluctuations relative to the market. Let's try to break down what OKTA INC's beta means in this case. the returns on MARKET and OKTA INC are completely uncorrelated. Although it is important to respect OKTA INC OKTA current trending patterns, it is better to be realistic regarding the information on the equity's existing price patterns. The approach into 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 inspecting OKTA INC OKTA technical indicators, you can now evaluate if the expected return of 0.0% will be sustainable into the future. OKTA INC OKTA currently holds a risk of 0.0%. Please check OKTA INC OKTA standard deviation, information ratio, treynor ratio, as well as the relationship between the variance and jensen alpha to decide if OKTA INC OKTA will be following its historical price patterns.
  
OKTA INC Performance
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Over the last 90 days OKTA INC OKTA has generated negative risk-adjusted returns adding no value to investors with long positions. Even with relatively steady basic indicators, OKTA INC is not utilizing all of its potentials. The current stock price chaos, may contribute to medium-term losses for the stakeholders. ...more

OKTA INC Relative Risk vs. Return Landscape

If you would invest (100.00)  in OKTA INC OKTA on May 21, 2022 and sell it today you would earn a total of  100.00  from holding OKTA INC OKTA or generate -100.0% return on investment over 90 days. OKTA INC OKTA is producing return of less than zero assuming 0.0% volatility of returns over the 90 days investment horizon. Simply put, 0% of all stocks have less volatile historical return distribution than OKTA INC, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days.
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OKTA INC Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for OKTA INC's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as OKTA INC OKTA, and traders can use it to determine the average amount a OKTA INC'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 = 0.0

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Based on monthly moving average OKTA INC is performing at about 0% 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 INC by adding it to a well-diversified portfolio.

Things to note about OKTA INC OKTA

Checking the ongoing alerts about OKTA INC for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for OKTA INC OKTA help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

OKTA INC Alerts

Equity Alerts and Improvement Suggestions

OKTA INC OKTA is not yet fully synchronised with the market data
OKTA INC OKTA has some characteristics of a very speculative penny stock
Check out Trending Equities. Note that the OKTA INC OKTA information on this page should be used as a complementary analysis to other OKTA INC'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 Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.

Other Tools for OKTA INC Stock

When running OKTA INC OKTA price analysis, check to measure OKTA INC'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 INC is operating at the current time. Most of OKTA INC's value examination focuses on studying past and present price action to predict the probability of OKTA INC's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move OKTA INC's price. Additionally, you may evaluate how the addition of OKTA INC to your portfolios can decrease your overall portfolio volatility.
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