Nokia Corporation Repurchase of own shares on 02.05.2023 - Marketscreener.com
| NOA3 Stock | EUR 3.99 0.01 0.25% |
Roughly 54% of Nokia's investor base is interested to short. The analysis of current outlook of investing in Nokia suggests that many traders are impartial regarding Nokia's prospects. The current market sentiment, together with Nokia's historical and current headlines, can help investors time the market. In addition, many technical investors use Nokia stock news signals to limit their universe of possible portfolio assets.
Nokia stock news, alerts, and headlines are usually related to its technical, predictive, social, and fundamental indicators. It can reflect on the current distribution of Nokia daily returns and investor perception about the current price of Nokia as well as its diversification or hedging effects on your existing portfolios.
Nokia |
Nokia Corporation Repurchase of own shares on 02.05.2023 Marketscreener.com
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Nokia Fundamental Analysis
We analyze Nokia's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Nokia using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Nokia based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Cash And Equivalents
Cash And Equivalents Comparative Analysis
Nokia is currently under evaluation in cash and equivalents category among its peers. Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.
Nokia Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Nokia stock to make a market-neutral strategy. Peer analysis of Nokia could also be used in its relative valuation, which is a method of valuing Nokia by comparing valuation metrics with similar companies.
Peers
Nokia Related Equities
| RY4C | Ryanair Holdings | 2.76 | ||||
| MEC | Meiko Electronics | 2.70 | ||||
| ARW | Arrow Electronics | 1.80 | ||||
| ME5A | METHODE ELECTRONICS | 0.97 | ||||
| OYC | DELTA AIR | 0.43 | ||||
| RE3 | Richardson Electronics | 1.28 | ||||
| 9M5 | MYFAIR GOLD | 11.68 |
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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