Which stocks are most correlated with OKTA?

Based on one year of daily returns, the stocks most correlated with Okta, Inc. Class A Common Stock (OKTA) are BUG (0.85), WCBR (0.83) and HACK (0.82). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.

Which stocks are inversely correlated with OKTA?

Over the past year, the stocks most inversely correlated with Okta, Inc. Class A Common Stock (OKTA) are PALD (-0.69), WEBS (-0.50) and PLTD (-0.43). A negative correlation means the two stocks have tended to move in opposite directions.

Okta, Inc. Class A Common Stock (OKTA) — Stock Correlations & Overview

Over the past year, OKTA has moved most closely with BUG, WCBR, HACK. Explore the stocks most correlated and inversely correlated with OKTA below, along with its price, financials, and company profile.

Stocks correlated with OKTA

Correlation of daily returns. Higher positive values move with OKTA; negative values move opposite it. Informational only, not investment advice.

Most correlated with OKTA

Symbol	Company	Correlation
BUG	Global X Cybersecurity ETF	0.85
WCBR	WisdomTree Cybersecurity Fund	0.83
HACK	Amplify Cybersecurity ETF	0.82
CIBR	First Trust Exchange-Traded Fund II First Trust NASDAQ Cybersecurity ETF	0.81
UCYB	ProShares Ultra Nasdaq Cybersecurity ETF	0.80

Most inversely correlated with OKTA

Symbol	Company	Correlation
PALD	Direxion Shares ETF Trust Direxion Daily PANW Bear 1X ETF	-0.69
WEBS	Direxion Daily Dow Jones Internet Bear 3X ETF	-0.50
PLTD	Direxion Shares ETF Trust Direxion Dailly PLTR Bear 1X ETF	-0.43
PLTZ	Defiance Daily Target 2x Short PLTR ETF	-0.41
AIBD	Direxion Daily AI and Big Data Bear 2X ETF	-0.39

Frequently asked questions about OKTA correlations

Which stocks are most correlated with OKTA?: Based on one year of daily returns, the stocks most correlated with Okta, Inc. Class A Common Stock (OKTA) are BUG (0.85), WCBR (0.83) and HACK (0.82). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
Which stocks are inversely correlated with OKTA?: Over the past year, the stocks most inversely correlated with Okta, Inc. Class A Common Stock (OKTA) are PALD (-0.69), WEBS (-0.50) and PLTD (-0.43). A negative correlation means the two stocks have tended to move in opposite directions.
What does a correlation of 0.8 mean for a stock?: Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
How are these OKTA correlations calculated?: We compute the correlation of daily returns between OKTA and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.

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