Nokian Renkaat (Finland) Price on July 26, 2024

TYRES Stock   7.48  0.09  1.22%   
If you're considering investing in Nokian Stock, it is important to understand the factors that can impact its price. As of today, the current price of Nokian Renkaat stands at 7.48, as last reported on the 25th of November, with the highest price reaching 7.50 and the lowest price hitting 7.31 during the day. Nokian Renkaat Oyj has Sharpe Ratio of -0.12, which conveys that the firm had a -0.12% return per unit of risk over the last 3 months. Nokian Renkaat exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nokian Renkaat's Standard Deviation of 1.4, risk adjusted performance of (0.08), and Mean Deviation of 1.13 to check out the risk estimate we provide.
  
Nokian Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.1197

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Estimated Market Risk

 1.41
  actual daily
12
88% of assets are more volatile

Expected Return

 -0.17
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.12
  actual daily
0
Most of other assets perform better
Based on monthly moving average Nokian Renkaat 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 Nokian Renkaat by adding Nokian Renkaat to a well-diversified portfolio.

Nokian Renkaat Valuation on July 26, 2024

It is possible to determine the worth of Nokian Renkaat on a given historical date. On July 26, 2024 Nokian was worth 8.11 at the beginning of the trading date compared to the closed value of 8.08. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Nokian Renkaat stock. Still, in general, we apply an absolute valuation method to find Nokian Renkaat'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 Nokian Renkaat where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Nokian Renkaat's related companies.
 Open High Low Close Volume
  7.71    8.12    7.69    8.11    818,654  
07/26/2024
  8.11    8.15    8.04    8.08    464,355  
  8.08    8.20    8.06    8.17    293,726  
Backtest Nokian Renkaat  |  Nokian Renkaat History  |  Nokian Renkaat Valuation   PreviousNext  
Open Value
8.11
8.08
Closing Value
12.33
Upside

Nokian Renkaat Trading Date Momentum on July 26, 2024

On July 29 2024 Nokian Renkaat Oyj was traded for  8.17  at the closing time. The highest price during the trading period was 8.20  and the lowest recorded bid was listed for  8.06 . The volume for the day was 293.7 K. This history from July 29, 2024 contributed to the next trading day price growth. The trading price change to the next closing price was 1.11% . The trading delta at closing time to the current price is 4.58% .

Nokian Renkaat Oyj Fundamentals Correlations and Trends

By evaluating Nokian Renkaat'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 Nokian Renkaat's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Nokian financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Nokian Renkaat Stock history

Nokian Renkaat 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 Nokian is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Nokian Renkaat 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 Nokian Renkaat stock prices may prove useful in developing a viable investing in Nokian Renkaat

Nokian Renkaat Stock Technical Analysis

Nokian Renkaat 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.
A focus of Nokian Renkaat technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Nokian Renkaat trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Nokian Renkaat Period Price Range

Low
November 25, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Nokian Renkaat 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.

Nokian Renkaat November 25, 2024 Market Strength

Market strength indicators help investors to evaluate how Nokian Renkaat stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Nokian Renkaat shares will generate the highest return on investment. By undertsting and applying Nokian Renkaat stock market strength indicators, traders can identify Nokian Renkaat Oyj entry and exit signals to maximize returns

Nokian Renkaat Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Nokian Renkaat's price direction in advance. Along with the technical and fundamental analysis of Nokian Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Nokian 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.

Complementary Tools for Nokian Stock analysis

When running Nokian Renkaat's price analysis, check to measure Nokian Renkaat'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 Nokian Renkaat is operating at the current time. Most of Nokian Renkaat's value examination focuses on studying past and present price action to predict the probability of Nokian Renkaat's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nokian Renkaat's price. Additionally, you may evaluate how the addition of Nokian Renkaat to your portfolios can decrease your overall portfolio volatility.
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