Nokia Corp Adr Stock Statistic Functions Beta
| NOK Stock | USD 6.66 0.23 3.58% |
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The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Beta measures systematic risk based on how returns on Nokia Corp ADR correlated with the market. If Beta is less than 0 Nokia Corp generally moves in the opposite direction as compared to the market. If Nokia Corp Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Nokia Corp ADR is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Nokia Corp is generally in the same direction as the market. If Beta > 1 Nokia Corp moves generally in the same direction as, but more than the movement of the benchmark.
Nokia Corp Technical Analysis Modules
Most technical analysis of Nokia Corp help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Nokia from various momentum indicators to cycle indicators. When you analyze Nokia charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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About Nokia Corp Predictive Technical Analysis
Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Nokia Corp ADR. We use our internally-developed statistical techniques to arrive at the intrinsic value of Nokia Corp ADR based on widely used predictive technical indicators. In general, we focus on analyzing Nokia Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Nokia Corp's daily price indicators and compare them against related drivers, such as statistic functions and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Nokia Corp's intrinsic value. In addition to deriving basic predictive indicators for Nokia Corp, we also check how macroeconomic factors affect Nokia Corp price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
| 2024 | 2025 | 2026 (projected) | Dividend Yield | 0.0309 | 0.025 | 0.0218 | Price To Sales Ratio | 1.22 | 1.52 | 1.44 |
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Nokia Corp ADR pair trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Nokia Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Nokia Corp will appreciate offsetting losses from the drop in the long position's value.Nokia Corp Pair Trading
Nokia Corp ADR Pair Trading Analysis
The ability to find closely correlated positions to Nokia Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nokia Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Nokia Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Nokia Corp ADR to buy it.
The correlation of Nokia Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Nokia Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nokia Corp ADR moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Nokia Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nokia Corp ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
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. Anticipated expansion of Nokia directly elevates investor willingness to pay premium valuations. The financial industry is built on trying to define current growth potential and future valuation accurately. Comprehensive Nokia Corp assessment requires weighing all these inputs, though not all factors influence outcomes equally.
Quarterly Earnings Growth (0.39) | Dividend Share 0.14 | Earnings Share 0.13 | Revenue Per Share | Quarterly Revenue Growth 0.024 |
Investors evaluate Nokia Corp ADR using market value (trading price) and book value (balance sheet equity), each telling a different story. Calculating Nokia Corp's intrinsic value—the estimated true worth—helps identify when the stock trades at a discount or premium to fair value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. External factors like market trends, sector rotation, and investor psychology can cause Nokia Corp's market price to deviate significantly from intrinsic value.
It's important to distinguish between Nokia Corp's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Nokia Corp should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Conversely, Nokia Corp's market price signifies the transaction level at which participants voluntarily complete trades.