OKTA was among the best performers today. On a longer term basis, investors in OKTA, INC. made -0.16% per day. Thursday's performance of +0.36% was a significant outperformance compared to it's daily average.
OKTA showed a down trend over the last 3 months. During this period OKTA lost -3.22% and saw a maximum drawdown of -33.42%. It has been unusually choppy during this period. Long term investors are better off avoiding investing in OKTA till volatility reduces and a clear trend emerges.
During the last three months OKTA was mostly profitable and delivered on average +0.07% per day. It's best return during this period (of +11.59%) was on Wednesday, 7 Nov, 2018. While it's worst loss in the same period (of -15.66%) was on Monday, 19 Nov, 2018. There was initially a bullish trend during this period which started on 24 Sep, 2018 and went on till 27 Sep, 2018. The bullish trend returned +2.76% to investors. This was followed by a bearish trend that started on 8 Oct, 2018 and ended on 11 Oct, 2018. This bearish trend lost -17.04% of investor capital.
OKTA had 9 profitable and 3 loss making months over the last year. OKTA was profitable in more months than SP500 index. OKTA significantly outperformed SP500 index in May 2018, when it returned +31.3% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. OKTA had a shorter streak of profitable months than SP500 index. It only went up in 5 straight months during the last year.
Glamour is what I sell, it's my stock in trade.
-- Marlene Dietrich
OKTA is becoming more volatile overall. In comparison, the SP500 index is seeing a rise in volatility. During the last three months, there was a significant surge in OKTA's volatility from 1 Oct, 2018 to 24 Oct, 2018. While there was a significant surge in the SP500 index's volatility from 25 Sep, 2018 to 29 Oct, 2018.
Advanced/professional short-term investors should note that OKTA has negative skewness in it's return distribution. This indicates that investors may need to stay invested through long periods of drawdown before expecting a recovery.
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