Nokia Oyj (Finland) Price on November 11, 2024
| NOKIA Stock | EUR 3.98 0.02 0.51% |
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 Oyj stands at 3.98, as last reported on the 1st of December, with the highest price reaching 3.99 and the lowest price hitting 3.96 during the day. Nokia Oyj is slightly risky at the moment. Nokia Oyj has Sharpe Ratio of 0.0126, which conveys that the firm had a 0.0126% return per unit of risk over the last 3 months. We have found thirty technical indicators for Nokia Oyj, which you can use to evaluate the volatility of the firm. Please verify Nokia Oyj's Downside Deviation of 1.52, mean deviation of 1.0, and Risk Adjusted Performance of 0.0167 to check out if the risk estimate we provide is consistent with the expected return of 0.0203%.
Nokia Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Nokia |
Sharpe Ratio = 0.0126
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| Negative Returns | NOKIA |
Estimated Market Risk
| 1.62 actual daily | 14 86% of assets are more volatile |
Expected Return
| 0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Nokia Oyj 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 Oyj by adding Nokia Oyj to a well-diversified portfolio.
Nokia Oyj Valuation on November 11, 2024
It is possible to determine the worth of Nokia Oyj on a given historical date. On November 11, 2024 Nokia was worth 4.24 at the beginning of the trading date compared to the closed value of 4.28. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Nokia Oyj stock. Still, in general, we apply an absolute valuation method to find Nokia Oyj'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 Oyj where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Nokia Oyj's related companies.
| Open | High | Low | Close | Volume | |
| 4.24 | 4.25 | 4.19 | 4.22 | 14,200,707 | |
11/11/2024 | 4.24 | 4.31 | 4.22 | 4.28 | 9,038,649 |
| 4.26 | 4.27 | 4.20 | 4.21 | 9,646,713 |
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Nokia Oyj Trading Date Momentum on November 11, 2024
| On November 12 2024 Nokia Oyj was traded for 4.21 at the closing time. The highest price during the trading period was 4.27 and the lowest recorded bid was listed for 4.20 . The volume for the day was 9.6 M. This history from November 12, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 1.64% . The trading delta at closing time to the current price is 5.37% . |
Nokia Oyj Fundamentals Correlations and Trends
By evaluating Nokia Oyj'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 Oyj'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 Oyj Stock history
Nokia Oyj 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 Oyj 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 Oyj stock prices may prove useful in developing a viable investing in Nokia Oyj
Nokia Corporation provides mobile and fixed network solutions worldwide. Nokia Corporation was founded in 1865 and is headquartered in Espoo, Finland. Nokia operates under Communication Equipment classification in Finland and is traded on Helsinki Exchange. It employs 920 people.
Nokia Oyj Stock Technical Analysis
Nokia Oyj 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 Oyj Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
Nokia Oyj cannot be verified against its exchange. Please verify the symbol is currently traded on Helsinki 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 Oyj December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Nokia Oyj 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 Oyj shares will generate the highest return on investment. By undertsting and applying Nokia Oyj stock market strength indicators, traders can identify Nokia Oyj entry and exit signals to maximize returns
Nokia Oyj Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Nokia Oyj'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 | 0.0167 | |||
| Jensen Alpha | 0.0258 | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | (0.16) |
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| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Nokia Stock analysis
When running Nokia Oyj's price analysis, check to measure Nokia Oyj'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 Oyj is operating at the current time. Most of Nokia Oyj's value examination focuses on studying past and present price action to predict the probability of Nokia Oyj'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 Oyj's price. Additionally, you may evaluate how the addition of Nokia Oyj to your portfolios can decrease your overall portfolio volatility.
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