Nokia Stock Price on August 20, 2024
NOKBF Stock | USD 4.20 0.07 1.69% |
If you're considering investing in Nokia Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of Nokia stands at 4.20, as last reported on the 28th of November, with the highest price reaching 4.20 and the lowest price hitting 4.20 during the day. Nokia has Sharpe Ratio of -0.0198, which conveys that the firm had a -0.0198% return per unit of risk over the last 3 months. Nokia exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nokia's Mean Deviation of 1.69, downside deviation of 2.36, and Risk Adjusted Performance of 0.0264 to check out the risk estimate we provide.
Nokia Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
Nokia |
Sharpe Ratio = -0.0198
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Estimated Market Risk
2.37 actual daily | 21 79% of assets are more volatile |
Expected Return
-0.05 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Nokia is not performing at its full potential. However, 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 Nokia to a well-diversified portfolio.
Nokia Valuation on August 20, 2024
It is possible to determine the worth of Nokia on a given historical date. On August 20, 2024 Nokia was worth 4.15 at the beginning of the trading date compared to the closed value of 4.1. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Nokia pink sheet. 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 | |
4.09 | 4.09 | 4.09 | 4.09 | 700,100 | |
08/20/2024 | 4.15 | 4.15 | 4.10 | 4.10 | 3,361 |
4.10 | 4.10 | 4.10 | 4.10 | 400,100 |
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Nokia Trading Date Momentum on August 20, 2024
On August 21 2024 Nokia was traded for 4.10 at the closing time. The highest daily price throughout the period was 4.10 and the lowest price was 4.10 . The daily volume was 400.1 K. The net trading volume on 08/21/2024 did not cause price change. The trading delta at closing time to current closing price is 5.37% . |
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 Pink Sheet 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 Oyj provides mobile, fixed, and cloud network solutions worldwide. Nokia Oyj was founded in 1865 and is headquartered in Espoo, Finland. Nokia Ab operates under Communication Equipment classification in the United States and is traded on OTC Exchange. It employs 87927 people.
Nokia Pink Sheet Technical Analysis
Nokia technical pink sheet 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, pink sheet market cycles, or different charting patterns.
Price Boundaries
Nokia Period Price Range
Low | November 28, 2024
| High |
0.00 | 0.00 |
Nokia cannot be verified against its exchange. Please verify the symbol is currently traded on PINK 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 November 28, 2024 Market Strength
Market strength indicators help investors to evaluate how Nokia pink sheet 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 pink sheet 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 Pink Sheet 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 | 0.0264 | |||
Jensen Alpha | 0.1255 | |||
Total Risk Alpha | (0.34) | |||
Sortino Ratio | (0.03) | |||
Treynor Ratio | (0.09) |
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Complementary Tools for Nokia Pink Sheet 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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