Nokian Renkaat Financials
| NRE Stock | EUR 7.33 0.07 0.95% |
Nokian |
Understanding current and past Nokian Renkaat Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Nokian Renkaat's financial statements are interrelated, with each one affecting the others. For example, an increase in Nokian Renkaat's assets may result in an increase in income on the income statement.
Nokian Renkaat Stock Summary
Nokian Renkaat competes with Bridgestone, Goodyear Tire, Sumitomo Rubber, and Zeon. Nokian Renkaat Oyj develops and manufactures tires in Finland, Sweden, Norway, Russia, the rest of Europe, North America, and internationally. The company was founded in 1898 and is headquartered in Nokia, Finland. NOKIAN RENKAAT operates under Rubber Plastics classification in Germany and is traded on Frankfurt Stock Exchange. It employs 4880 people.| Foreign Associate | USA |
| Instrument | Germany Stock View All |
| Exchange | Frankfurt Exchange |
| ISIN | FI0009005318 |
| Business Address | 300 Crescent Court, |
| Sector | Consumer Cyclical |
| Industry | Rubber & Plastics |
| Benchmark | Dow Jones Industrial |
| Website | www.nexpointfinance.com |
| Phone | 972 628 4100 |
| Currency | EUR - Euro |
You should never invest in Nokian Renkaat without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Nokian Stock, because this is throwing your money away. Analyzing the key information contained in Nokian Renkaat's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
Nokian Renkaat Key Financial Ratios
There are many critical financial ratios that Nokian Renkaat's investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Nokian Renkaat Oyj reports annually and quarterly.| Return On Equity | -0.11 | |||
| Return On Asset | 0.0508 | |||
| Beta | 0.89 | |||
| Z Score | 5.4 | |||
| Last Dividend Paid | 0.55 |
Nokian Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Nokian Renkaat's current stock value. Our valuation model uses many indicators to compare Nokian Renkaat value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Nokian Renkaat competition to find correlations between indicators driving Nokian Renkaat's intrinsic value. More Info.Nokian Renkaat Oyj is regarded fifth in return on equity category among its peers. It is regarded second in return on asset category among its peers . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Nokian Renkaat's earnings, one of the primary drivers of an investment's value.Nokian Renkaat Oyj Systematic Risk
Nokian Renkaat's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Nokian Renkaat volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was ten with a total number of output elements of fifty-one. The Beta measures systematic risk based on how returns on Nokian Renkaat Oyj correlated with the market. If Beta is less than 0 Nokian Renkaat generally moves in the opposite direction as compared to the market. If Nokian Renkaat Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Nokian Renkaat Oyj is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Nokian Renkaat is generally in the same direction as the market. If Beta > 1 Nokian Renkaat moves generally in the same direction as, but more than the movement of the benchmark.
Nokian Renkaat November 30, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Nokian Renkaat help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Nokian Renkaat Oyj. We use our internally-developed statistical techniques to arrive at the intrinsic value of Nokian Renkaat Oyj based on widely used predictive technical indicators. In general, we focus on analyzing Nokian Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Nokian Renkaat's daily price indicators and compare them against related drivers.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 8.15 | |||
| Value At Risk | (2.52) | |||
| Potential Upside | 2.66 |
Complementary Tools for Nokian Stock analysis
When running Nokian Renkaat's price analysis, check to measure Nokian Renkaat'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 Nokian Renkaat is operating at the current time. Most of Nokian Renkaat's value examination focuses on studying past and present price action to predict the probability of Nokian Renkaat's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nokian Renkaat's price. Additionally, you may evaluate how the addition of Nokian Renkaat to your portfolios can decrease your overall portfolio volatility.
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