Nokian Renkaat (Finland) Probability of Future Stock Price Finishing Under 7.52
| TYRES Stock | 7.55 0.07 0.94% |
Nokian |
Nokian Renkaat Target Price Odds to finish below 7.52
The tendency of Nokian Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to 7.52 or more in 90 days |
| 7.55 | 90 days | 7.52 | nearly 4.62 |
Based on a normal probability distribution, the odds of Nokian Renkaat to drop to 7.52 or more in 90 days from now is nearly 4.62 (This Nokian Renkaat Oyj probability density function shows the probability of Nokian Stock to fall within a particular range of prices over 90 days) . Probability of Nokian Renkaat Oyj price to stay between 7.52 and its current price of 7.55 at the end of the 90-day period is near 1 .
Assuming the 90 days trading horizon Nokian Renkaat has a beta of 0.52. This usually implies as returns on the market go up, Nokian Renkaat average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Nokian Renkaat Oyj will be expected to be much smaller as well. Additionally Nokian Renkaat Oyj has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Nokian Renkaat Price Density |
| Price |
Predictive Modules for Nokian Renkaat
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nokian Renkaat Oyj. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nokian Renkaat'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.
Nokian Renkaat Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Nokian Renkaat is not an exception. The market had few large corrections towards the Nokian Renkaat's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Nokian Renkaat Oyj, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Nokian Renkaat within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.23 | |
β | Beta against Dow Jones | 0.52 | |
σ | Overall volatility | 0.34 | |
Ir | Information ratio | -0.2 |
Nokian Renkaat Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Nokian Renkaat for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Nokian Renkaat Oyj can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Nokian Renkaat Oyj generated a negative expected return over the last 90 days | |
| About 12.0% of the company outstanding shares are owned by corporate insiders |
Nokian Renkaat Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Nokian Stock often depends not only on the future outlook of the current and potential Nokian Renkaat's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Nokian Renkaat's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 138.2 M |
Nokian Renkaat Technical Analysis
Nokian Renkaat's future price can be derived by breaking down and analyzing its technical indicators over time. Nokian Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Nokian Renkaat Oyj. In general, you should focus on analyzing Nokian Stock price patterns and their correlations with different microeconomic environments and drivers.
Nokian Renkaat Predictive Forecast Models
Nokian Renkaat's time-series forecasting models is one of many Nokian Renkaat's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Nokian Renkaat's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Nokian Renkaat Oyj
Checking the ongoing alerts about Nokian Renkaat for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Nokian Renkaat Oyj help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Nokian Renkaat Oyj generated a negative expected return over the last 90 days | |
| About 12.0% of the company outstanding shares are owned by corporate insiders |
Other Information on Investing in Nokian Stock
Nokian Renkaat financial ratios help investors to determine whether Nokian Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Nokian with respect to the benefits of owning Nokian Renkaat security.