Nokia Stock Market Value
| NOKBF Stock | USD 4.20 0.07 1.69% |
| 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 pink sheet 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.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Nokia on December 9, 2022 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 720 days. Nokia is related to or competes with Viavi Solutions, SatixFy Communications, Electronic Systems, Lumentum Holdings, NETGEAR, KVH Industries, and Telesat Corp. Nokia Oyj provides mobile, fixed, and cloud network solutions worldwide 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 pink sheet 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 | 2.36 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 16.32 | |||
| Value At Risk | (3.71) | |||
| Potential Upside | 3.72 |
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 | 0.0264 | |||
| Jensen Alpha | 0.1255 | |||
| Total Risk Alpha | (0.34) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.09) |
Nokia Backtested Returns
Nokia has Sharpe Ratio of -0.0198, which conveys that the firm had a -0.0198% return per unit of risk over the last 3 months. Nokia exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nokia's Risk Adjusted Performance of 0.0264, mean deviation of 1.69, and Downside Deviation of 2.36 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.6, 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. At this point, Nokia has a negative expected return of -0.0467%. Please make sure to verify Nokia's downside variance, rate of daily change, and the relationship between the maximum drawdown and skewness , to decide if Nokia performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.89 |
Excellent reverse predictability
Nokia has excellent reverse predictability. Overlapping area represents the amount of predictability between Nokia time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 -0.89 indicates that approximately 89.0% of current Nokia price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.89 | |
| Spearman Rank Test | -0.84 | |
| Residual Average | 0.0 | |
| Price Variance | 0.19 |
Nokia lagged returns against current returns
Autocorrelation, which is Nokia pink sheet'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 pink sheet 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 pink sheet 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 pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nokia pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nokia pink sheet 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 pink sheet 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 pink sheet 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 Pink Sheet
Nokia financial ratios help investors to determine whether Nokia Pink Sheet 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.