Nokian Renkaat (Finland) Analysis

Nokian Stock Analysis Notes

About 12.0% of the company outstanding shares are owned by corporate insiders. The company has price-to-book ratio of 0.84. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Nokian Renkaat Oyj last dividend was issued on the 2nd of November 2022. The entity had 10:1 split on the 18th of April 2005. To find out more about Nokian Renkaat Oyj contact the company at 358 1040 17000 or learn more at https://www.nokiantyres.com.

Nokian Renkaat Oyj Investment Alerts

Nokian Market Capitalization

The company currently falls under 'Mid-Cap' category with a current market capitalization of 1.33 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Nokian Renkaat's market, we take the total number of its shares issued and multiply it by Nokian Renkaat's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.

Nokian Profitablity

The company has Profit Margin (PM) of (0.1) %, which may suggest that it does not properly executes on its current pricing strategies or is unable to control all of the operational costs. This is way below average. Similarly, it shows Operating Margin (OM) of 0.11 %, which suggests for every 100 dollars of sales, it generated a net operating income of $0.11.

Technical Drivers

As of the 25th of November, Nokian Renkaat secures the Risk Adjusted Performance of (0.08), standard deviation of 1.4, and Mean Deviation of 1.13. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Nokian Renkaat Oyj, as well as the relationship between them.

Nokian Renkaat Oyj Price Movement Analysis

Nokian Renkaat Outstanding Bonds

Nokian Renkaat Predictive Daily Indicators

Nokian Renkaat Forecast Models

Nokian Renkaat's time-series forecasting models are one of many Nokian Renkaat's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Nokian Renkaat's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

When running Nokian Renkaat's price analysis, check to measure Nokian Renkaat'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 Nokian Renkaat is operating at the current time. Most of Nokian Renkaat's value examination focuses on studying past and present price action to predict the probability of Nokian Renkaat's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nokian Renkaat's price. Additionally, you may evaluate how the addition of Nokian Renkaat to your portfolios can decrease your overall portfolio volatility.