Nokia (Germany) Price on March 15, 2023
| NOA3 Stock | EUR 4.00 0.02 0.50% |
If you're considering investing in Nokia Stock, it is important to understand the factors that can impact its price. As of today, the current price of Nokia stands at 4.00, as last reported on the 4th of December, with the highest price reaching 4.05 and the lowest price hitting 4.00 during the day. At this point, Nokia is slightly risky. Nokia has Sharpe Ratio of 0.0303, which conveys that the firm had a 0.0303% return per unit of risk over the last 3 months. We have found thirty technical indicators for Nokia, which you can use to evaluate the volatility of the firm. Please verify Nokia's Risk Adjusted Performance of 0.027, mean deviation of 0.9976, and Downside Deviation of 1.77 to check out if the risk estimate we provide is consistent with the expected return of 0.0547%.
Nokia Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Nokia |
Sharpe Ratio = 0.0303
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| Cash | Small Risk | NOA3 | High Risk | Huge Risk |
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Estimated Market Risk
| 1.81 actual daily | 16 84% of assets are more volatile |
Expected Return
| 0.05 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average Nokia is performing at about 2% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Nokia by adding it to a well-diversified portfolio.
Nokia Valuation on March 15, 2023
It is possible to determine the worth of Nokia on a given historical date. On March 15, 2023 Nokia was worth 4.12 at the beginning of the trading date compared to the closed value of 4.02. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Nokia stock. Still, in general, we apply an absolute valuation method to find Nokia's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Nokia where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Nokia's related companies.
| Open | High | Low | Close | Volume | |
| 4.08 | 4.15 | 4.08 | 4.15 | 25,431 | |
03/15/2023 | 4.12 | 4.12 | 3.95 | 4.02 | 66,015 |
| 4.04 | 4.04 | 3.97 | 4.03 | 47,575 |
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Nokia Trading Date Momentum on March 15, 2023
| On March 16 2023 Nokia was traded for 4.03 at the closing time. The maximum traded price for the trading interval was 4.04 and the lowest daily price was 3.97 . The daily volume was recorded at 47.6 K. The volume of trading on 16th of March 2023 played a part in the next trading day price rise. The trading delta at closing time to the next closing price was 0.25% . The trading delta at closing time to the closing price today is 1.24% . |
Nokia Fundamentals Correlations and Trends
By evaluating Nokia's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Nokia's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Nokia financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Nokia Stock history
Nokia investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Nokia is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Nokia will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Nokia stock prices may prove useful in developing a viable investing in Nokia
Nokia Corporation provides mobile and fixed network solutions worldwide. Nokia Corporation was founded in 1865 and is headquartered in Espoo, Finland. NOKIA OYJ operates under Communication Equipment classification in Germany and is traded on Frankfurt Stock Exchange. It employs 920 people.
Nokia Stock Technical Analysis
Nokia 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.
Price Boundaries
Nokia Period Price Range
Low | December 4, 2024
| High |
0.00 | 0.00 |
Nokia cannot be verified against its exchange. Please verify the symbol is currently traded on Frankfurt Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Nokia December 4, 2024 Market Strength
Market strength indicators help investors to evaluate how Nokia 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 shares will generate the highest return on investment. By undertsting and applying Nokia stock market strength indicators, traders can identify Nokia entry and exit signals to maximize returns
Nokia Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Nokia's price direction in advance. Along with the technical and fundamental analysis of Nokia Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Nokia to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.027 | |||
| Jensen Alpha | 0.0479 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (0.53) |
| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
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| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Nokia Stock analysis
When running Nokia's price analysis, check to measure Nokia'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 is operating at the current time. Most of Nokia's value examination focuses on studying past and present price action to predict the probability of Nokia'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's price. Additionally, you may evaluate how the addition of Nokia to your portfolios can decrease your overall portfolio volatility.
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