Nokia Corp Adr Stock Market Value
| NOK Stock | USD 4.21 0.03 0.72% |
| Symbol | Nokia |
Nokia Corp ADR Price To Book Ratio
Is Communications Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nokia Corp. If investors know Nokia will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nokia Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.506 | Dividend Share 0.13 | Earnings Share 0.16 | Revenue Per Share 3.591 | Quarterly Revenue Growth (0.08) |
The market value of Nokia Corp ADR is measured differently than its book value, which is the value of Nokia that is recorded on the company's balance sheet. Investors also form their own opinion of Nokia Corp's value that differs from its market value or its book value, called intrinsic value, which is Nokia Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nokia Corp's market value can be influenced by many factors that don't directly affect Nokia Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Nokia Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nokia Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nokia Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Nokia Corp '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 Corp'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 Corp.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Nokia Corp on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Nokia Corp ADR or generate 0.0% return on investment in Nokia Corp over 30 days. Nokia Corp is related to or competes with Ichor Holdings, Fabrinet, Hello, and Ultra Clean. Nokia Oyj provides mobile, fixed, and cloud network solutions worldwide More
Nokia Corp 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 Corp'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 Corp ADR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.97 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 16.46 | |||
| Value At Risk | (2.71) | |||
| Potential Upside | 2.56 |
Nokia Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nokia Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nokia Corp's standard deviation. In reality, there are many statistical measures that can use Nokia Corp historical prices to predict the future Nokia Corp's volatility.| Risk Adjusted Performance | 0.0275 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.29) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.113 |
Nokia Corp ADR Backtested Returns
As of now, Nokia Stock is slightly risky. Nokia Corp ADR has Sharpe Ratio of 0.0192, which conveys that the firm had a 0.0192% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Nokia Corp, which you can use to evaluate the volatility of the firm. Please verify Nokia Corp's Mean Deviation of 1.32, downside deviation of 1.97, and Risk Adjusted Performance of 0.0275 to check out if the risk estimate we provide is consistent with the expected return of 0.0416%. Nokia Corp has a performance score of 1 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.43, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Nokia Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nokia Corp is expected to be smaller as well. Nokia Corp ADR right now secures a risk of 2.17%. Please verify Nokia Corp ADR semi variance, and the relationship between the treynor ratio and daily balance of power , to decide if Nokia Corp ADR will be following its current price movements.
Auto-correlation | 0.78 |
Good predictability
Nokia Corp ADR has good predictability. Overlapping area represents the amount of predictability between Nokia Corp 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 Corp ADR price movement. The serial correlation of 0.78 indicates that around 78.0% of current Nokia Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.84 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Nokia Corp ADR lagged returns against current returns
Autocorrelation, which is Nokia Corp 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 Corp's stock expected returns. We can calculate the autocorrelation of Nokia Corp returns to help us make a trade decision. For example, suppose you find that Nokia Corp 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 Corp 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 Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nokia Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nokia Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Nokia Corp Lagged Returns
When evaluating Nokia Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nokia Corp stock have on its future price. Nokia Corp 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 Corp autocorrelation shows the relationship between Nokia Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Nokia Corp ADR.
Regressed Prices |
| Timeline |
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Nokia Corp 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.