Nokia (Germany) Market Value
| NOAA Stock | EUR 3.92 0.08 2.00% |
| Symbol | Nokia |
Nokia 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Nokia's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Nokia.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Nokia on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Nokia or generate 0.0% return on investment in Nokia over 30 days. Nokia is related to or competes with Cisco Systems, Telefonaktiebolaget, Superior Plus, NMI Holdings, Origin Agritech, SIVERS SEMICONDUCTORS, and Talanx AG. More
Nokia Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Nokia's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Nokia upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.17 | |||
| Information Ratio | 0.0037 | |||
| Maximum Drawdown | 16.32 | |||
| Value At Risk | (3.46) | |||
| Potential Upside | 3.81 |
Nokia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nokia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nokia's standard deviation. In reality, there are many statistical measures that can use Nokia historical prices to predict the future Nokia's volatility.| Risk Adjusted Performance | 0.0495 | |||
| Jensen Alpha | 0.1728 | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | 0.0042 | |||
| Treynor Ratio | (0.34) |
Nokia Backtested Returns
At this point, Nokia is moderately volatile. Nokia has Sharpe Ratio of 0.0528, which conveys that the firm had a 0.0528% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Nokia, which you can use to evaluate the volatility of the firm. Please verify Nokia's Downside Deviation of 2.17, mean deviation of 1.67, and Risk Adjusted Performance of 0.0495 to check out if the risk estimate we provide is consistent with the expected return of 0.13%. Nokia has a performance score of 4 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.38, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Nokia are expected to decrease at a much lower rate. During the bear market, Nokia is likely to outperform the market. Nokia right now secures a risk of 2.49%. Please verify Nokia information ratio, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to decide if Nokia will be following its current price movements.
Auto-correlation | 0.83 |
Very good predictability
Nokia has very good predictability. Overlapping area represents the amount of predictability between Nokia time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Nokia price movement. The serial correlation of 0.83 indicates that around 83.0% of current Nokia price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Nokia lagged returns against current returns
Autocorrelation, which is Nokia stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Nokia's stock expected returns. We can calculate the autocorrelation of Nokia returns to help us make a trade decision. For example, suppose you find that Nokia has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Nokia regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Nokia stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nokia stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nokia stock over time.
Current vs Lagged Prices |
| Timeline |
Nokia Lagged Returns
When evaluating Nokia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nokia stock have on its future price. Nokia autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Nokia autocorrelation shows the relationship between Nokia stock current value and its past values and can show if there is a momentum factor associated with investing in Nokia.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Nokia Stock
Nokia financial ratios help investors to determine whether Nokia Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Nokia with respect to the benefits of owning Nokia security.