Nokian Renkaat Oyj Stock Technical Analysis
| NKRKF Stock | USD 8.00 0.00 0.00% |
As of the 2nd of December, Nokian Renkaat secures the Standard Deviation of 2.7, risk adjusted performance of 0.0104, and Mean Deviation of 0.6038. 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. Please verify Nokian Renkaat Oyj variance and potential upside to decide if Nokian Renkaat Oyj is priced some-what accurately, providing market reflects its recent price of 8.0 per share. Given that Nokian Renkaat Oyj has total risk alpha of (0.45), we recommend you to check Nokian Renkaat's last-minute market performance to make sure the company can sustain itself at a future point.
Nokian Renkaat Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Nokian, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to NokianNokian |
Nokian Renkaat technical pink sheet 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, pink sheet market cycles, or different charting patterns.
Nokian Renkaat Oyj Technical Analysis
The output start index for this execution was twenty-eight with a total number of output elements of thirty-three. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Nokian Renkaat Oyj volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Nokian Renkaat Oyj Trend Analysis
Use this graph to draw trend lines for Nokian Renkaat Oyj. You can use it to identify possible trend reversals for Nokian Renkaat as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Nokian Renkaat price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Nokian Renkaat Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Nokian Renkaat Oyj applied against its price change over selected period. The best fit line has a slop of 0.01 , which means Nokian Renkaat Oyj will continue generating value for investors. It has 122 observation points and a regression sum of squares at 5.88, which is the sum of squared deviations for the predicted Nokian Renkaat price change compared to its average price change.About Nokian Renkaat Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Nokian Renkaat Oyj on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Nokian Renkaat Oyj based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Nokian Renkaat Oyj price pattern first instead of the macroeconomic environment surrounding Nokian Renkaat Oyj. By analyzing Nokian Renkaat's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Nokian Renkaat's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Nokian Renkaat specific price patterns or momentum indicators. Please read more on our technical analysis page.
Nokian Renkaat December 2, 2024 Technical Indicators
Most technical analysis of Nokian 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 Nokian from various momentum indicators to cycle indicators. When you analyze Nokian charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Math Transform | ||
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| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0104 | |||
| Market Risk Adjusted Performance | 0.0301 | |||
| Mean Deviation | 0.6038 | |||
| Coefficient Of Variation | 23429.56 | |||
| Standard Deviation | 2.7 | |||
| Variance | 7.29 | |||
| Information Ratio | (0.05) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.45) | |||
| Treynor Ratio | 0.0201 | |||
| Maximum Drawdown | 29.45 | |||
| Potential Upside | 0.4469 | |||
| Skewness | (2.37) | |||
| Kurtosis | 31.25 |
Complementary Tools for Nokian Pink Sheet analysis
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.
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