Nokia Corporation Repurchase of own shares on 07.06.2023 - 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 07.06.2023 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.
Price To Earnings To Growth
Price To Earnings To Growth Comparative Analysis
Nokia is currently under evaluation in price to earnings to growth category among its peers. PEG Ratio indicates the potential value of an equity instrument and is calculated by dividing Price to Earnings (P/E) ratio into earnings growth rate. Most analysts and investors prefer this measure to a Price to Earnings (P/E) ratio because it incorporates the future growth of a firm. The low PEG ratio usually implies that an equity instrument is undervalued; whereas PEG of 1 may indicate that an equity is reasonably priced under given expectations of future growth.
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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