Optiva Inc Stock Price on December 26, 2023
RKNEF Stock | USD 2.15 0.00 0.00% |
If you're considering investing in Optiva Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of Optiva stands at 2.15, as last reported on the 24th of December, with the highest price reaching 2.15 and the lowest price hitting 2.15 during the day. Optiva Inc maintains Sharpe Ratio (i.e., Efficiency) of -0.13, which implies the firm had a -0.13% return per unit of risk over the last 3 months. Optiva Inc exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Optiva's Coefficient Of Variation of (812.40), variance of 41.32, and Risk Adjusted Performance of (0.09) to confirm the risk estimate we provide.
Optiva Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
Optiva |
Sharpe Ratio = -0.126
Best Portfolio | Best Equity | |||
Good Returns | ||||
Average Returns | ||||
Small Returns | ||||
Cash | Small Risk | Average Risk | High Risk | Huge Risk |
Negative Returns | RKNEF |
Estimated Market Risk
6.58 actual daily | 58 58% of assets are less volatile |
Expected Return
-0.83 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.13 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Optiva is not performing at its full potential. However, 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 Optiva by adding Optiva to a well-diversified portfolio.
Optiva Valuation on December 26, 2023
It is possible to determine the worth of Optiva on a given historical date. On December 26, 2023 Optiva was worth 1.53 at the beginning of the trading date compared to the closed value of 1.53. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Optiva pink sheet. Still, in general, we apply an absolute valuation method to find Optiva's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Optiva where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Optiva's related companies.
Open | High | Low | Close | Volume | |
1.65 | 1.65 | 1.65 | 1.65 | 9,700 | |
12/26/2023 | 1.53 | 1.53 | 1.53 | 1.53 | 100.00 |
1.53 | 1.53 | 1.53 | 1.53 | 1.00 |
Backtest Optiva | | | Optiva History | | | Optiva Valuation | Previous | Next |
Optiva Trading Date Momentum on December 26, 2023
On December 27 2023 Optiva Inc was traded for 1.53 at the closing time. The highest daily price throughout the period was 1.53 and the lowest price was 1.53 . There was no trading activity during the period 1.0. Lack of trading volume on 12/27/2023 did not cause price change. The trading delta at closing time to current closing price is 51.63% . |
Optiva Inc Fundamentals Correlations and Trends
By evaluating Optiva's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Optiva's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Optiva financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Optiva Pink Sheet history
Optiva investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Optiva is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Optiva Inc will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Optiva stock prices may prove useful in developing a viable investing in Optiva
Optiva Inc. provides cloud-native monetization and revenue management software to communication service providers in Europe, the Middle East, Africa, North America, Latin America, the Caribbean, Asia, and the Pacific Rim. The company was founded in 1999 and is headquartered in Mississauga, Canada. OPTIVA INC operates under SoftwareInfrastructure classification in the United States and is traded on OTC Exchange. It employs 374 people.
Optiva Pink Sheet Technical Analysis
Optiva technical pink sheet 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, pink sheet market cycles, or different charting patterns.
Price Boundaries
Optiva Period Price Range
Low | December 24, 2024
| High |
0.00 | 0.00 |
Optiva Inc cannot be verified against its exchange. Please verify the symbol is currently traded on PINK Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Optiva December 24, 2024 Market Strength
Market strength indicators help investors to evaluate how Optiva pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Optiva shares will generate the highest return on investment. By undertsting and applying Optiva pink sheet market strength indicators, traders can identify Optiva Inc entry and exit signals to maximize returns
Optiva Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Optiva's price direction in advance. Along with the technical and fundamental analysis of Optiva Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of Optiva to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Risk Adjusted Performance | (0.09) | |||
Jensen Alpha | (0.82) | |||
Total Risk Alpha | (0.99) | |||
Treynor Ratio | (1.11) |
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Complementary Tools for Optiva Pink Sheet analysis
When running Optiva's price analysis, check to measure Optiva'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 Optiva is operating at the current time. Most of Optiva's value examination focuses on studying past and present price action to predict the probability of Optiva's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Optiva's price. Additionally, you may evaluate how the addition of Optiva to your portfolios can decrease your overall portfolio volatility.
Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
Bonds Directory Find actively traded corporate debentures issued by US companies |