Nokia Corp Adr Stock Market Value
| NOK Stock | USD 3.67 0.02 0.55% |
| Symbol | Nokia |
Nokia Corp ADR Price To Book Ratio
Is Nokia Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nokia Corp. If investors know Nokia will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nokia Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.576 | Dividend Share 0.13 | Earnings Share 0.16 | Revenue Per Share 3.805 | Quarterly Revenue Growth (0.20) |
The market value of Nokia Corp ADR is measured differently than its book value, which is the value of Nokia that is recorded on the company's balance sheet. Investors also form their own opinion of Nokia Corp's value that differs from its market value or its book value, called intrinsic value, which is Nokia Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nokia Corp's market value can be influenced by many factors that don't directly affect Nokia Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Nokia Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nokia Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nokia Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Nokia Corp 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Nokia Corp's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Nokia Corp.
| 04/03/2024 |
| 05/03/2024 |
If you would invest 0.00 in Nokia Corp on April 3, 2024 and sell it all today you would earn a total of 0.00 from holding Nokia Corp ADR or generate 0.0% return on investment in Nokia Corp over 30 days. Nokia Corp is related to or competes with Ituran Location, Mynaric AG, Juniper Networks, Digi International, Clearfield, and Knowles Cor. Nokia Oyj provides mobile, fixed, and cloud network solutions worldwide More
Nokia Corp Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Nokia Corp's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Nokia Corp ADR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.86 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 10.06 | |||
| Value At Risk | (2.52) | |||
| Potential Upside | 3.65 |
Nokia Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nokia Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nokia Corp's standard deviation. In reality, there are many statistical measures that can use Nokia Corp historical prices to predict the future Nokia Corp's volatility.| Risk Adjusted Performance | 0.0166 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.014 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nokia Corp's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Nokia Corp ADR Backtested Returns
We consider Nokia Corp slightly risky. Nokia Corp ADR has Sharpe Ratio of 0.0451, which conveys that the firm had a 0.0451% return per unit of risk over the last 3 months. We have found thirty technical indicators for Nokia Corp, which you can use to evaluate the volatility of the firm. Please verify Nokia Corp's Risk Adjusted Performance of 0.0166, downside deviation of 1.86, and Mean Deviation of 1.27 to check out if the risk estimate we provide is consistent with the expected return of 0.0828%. Nokia Corp has a performance score of 3 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 1.33, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Nokia Corp will likely underperform. Nokia Corp ADR right now secures a risk of 1.83%. Please verify Nokia Corp ADR semi variance, and the relationship between the treynor ratio and daily balance of power , to decide if Nokia Corp ADR will be following its current price movements.
Auto-correlation | -0.61 |
Very good reverse predictability
Nokia Corp ADR has very good reverse predictability. Overlapping area represents the amount of predictability between Nokia Corp time series from 3rd of April 2024 to 18th of April 2024 and 18th of April 2024 to 3rd of May 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Nokia Corp ADR price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current Nokia Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.61 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Nokia Corp ADR lagged returns against current returns
Autocorrelation, which is Nokia Corp stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Nokia Corp's stock expected returns. We can calculate the autocorrelation of Nokia Corp returns to help us make a trade decision. For example, suppose you find that Nokia Corp has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Nokia Corp regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Nokia Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nokia Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nokia Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Nokia Corp Lagged Returns
When evaluating Nokia Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nokia Corp stock have on its future price. Nokia Corp autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Nokia Corp autocorrelation shows the relationship between Nokia Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Nokia Corp ADR.
Regressed Prices |
| Timeline |
Nokia Corp Investors Sentiment
The influence of Nokia Corp's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Nokia. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Nokia Corp's public news can be used to forecast risks associated with an investment in Nokia. The trend in average sentiment can be used to explain how an investor holding Nokia can time the market purely based on public headlines and social activities around Nokia Corp ADR. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Nokia Corp's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Nokia Corp's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Nokia Corp's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Nokia Corp.
Nokia Corp Implied Volatility | 120.56 |
Nokia Corp's implied volatility exposes the market's sentiment of Nokia Corp ADR stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Nokia Corp's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Nokia Corp stock will not fluctuate a lot when Nokia Corp's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Nokia Corp in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Nokia Corp's short interest history, or implied volatility extrapolated from Nokia Corp options trading.
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Nokia Corp Correlation, Nokia Corp Volatility and Nokia Corp Alpha and Beta module to complement your research on Nokia Corp. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Complementary Tools for Nokia Stock analysis
When running Nokia Corp's price analysis, check to measure Nokia Corp'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 Nokia Corp is operating at the current time. Most of Nokia Corp's value examination focuses on studying past and present price action to predict the probability of Nokia Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nokia Corp's price. Additionally, you may evaluate how the addition of Nokia Corp to your portfolios can decrease your overall portfolio volatility.
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data |
Nokia Corp technical stock 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, stock market cycles, or different charting patterns.