Nokia Corp Stock Forecast - 4 Period Moving Average
| NOK Stock | USD 4.21 0.03 0.72% |
The 4 Period Moving Average forecasted value of Nokia Corp ADR on the next trading day is expected to be 4.18 with a mean absolute deviation of 0.07 and the sum of the absolute errors of 4.21. Nokia Stock Forecast is based on your current time horizon. Although Nokia Corp's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Nokia Corp's systematic risk associated with finding meaningful patterns of Nokia Corp fundamentals over time.
Nokia |
Nokia Corp 4 Period Moving Average Price Forecast For the 27th of November
Given 90 days horizon, the 4 Period Moving Average forecasted value of Nokia Corp ADR on the next trading day is expected to be 4.18 with a mean absolute deviation of 0.07, mean absolute percentage error of 0.01, and the sum of the absolute errors of 4.21.Please note that although there have been many attempts to predict Nokia Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Nokia Corp's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Nokia Corp Stock Forecast Pattern
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Nokia Corp Forecasted Value
In the context of forecasting Nokia Corp's Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Nokia Corp's downside and upside margins for the forecasting period are 2.03 and 6.33, respectively. We have considered Nokia Corp's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the 4 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Nokia Corp stock data series using in forecasting. Note that when a statistical model is used to represent Nokia Corp stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | 106.2611 |
| Bias | Arithmetic mean of the errors | 0.0036 |
| MAD | Mean absolute deviation | 0.0739 |
| MAPE | Mean absolute percentage error | 0.0165 |
| SAE | Sum of the absolute errors | 4.2125 |
Predictive Modules for Nokia Corp
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nokia Corp ADR. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Other Forecasting Options for Nokia Corp
For every potential investor in Nokia, whether a beginner or expert, Nokia Corp's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Nokia Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Nokia. Basic forecasting techniques help filter out the noise by identifying Nokia Corp's price trends.Nokia Corp Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Nokia Corp stock to make a market-neutral strategy. Peer analysis of Nokia Corp could also be used in its relative valuation, which is a method of valuing Nokia Corp by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Nokia Corp ADR Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Nokia Corp's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Nokia Corp's current price.| Cycle Indicators | ||
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| Overlap Studies | ||
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| Volume Indicators |
Nokia Corp Market Strength Events
Market strength indicators help investors to evaluate how Nokia Corp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Nokia Corp shares will generate the highest return on investment. By undertsting and applying Nokia Corp stock market strength indicators, traders can identify Nokia Corp ADR entry and exit signals to maximize returns.
Nokia Corp Risk Indicators
The analysis of Nokia Corp's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Nokia Corp's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting nokia stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.3 | |||
| Semi Deviation | 1.69 | |||
| Standard Deviation | 2.12 | |||
| Variance | 4.49 | |||
| Downside Variance | 3.89 | |||
| Semi Variance | 2.87 | |||
| Expected Short fall | (1.53) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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Is Communications Equipment space 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 0.506 | Dividend Share 0.13 | Earnings Share 0.17 | Revenue Per Share 3.591 | Quarterly Revenue Growth (0.08) |
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.