Nokian Renkaat Oyj Stock Buy Hold or Sell Recommendation

NKRKF Stock  USD 8.91  0.00  0.00%   
Assuming the 90 days horizon and your typical level of risk aversion, our recommendation regarding Nokian Renkaat Oyj is 'Sell'. Macroaxis provides Nokian Renkaat buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding NKRKF positions. The advice algorithm takes into account all of Nokian Renkaat's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Nokian Renkaat's buy or sell advice are summarized below:
Real Value
8.93
Hype Value
8.91
Market Value
8.91
Naive Value
8.92
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Nokian Renkaat Oyj given historical horizon and risk tolerance towards Nokian Renkaat. When Macroaxis issues a 'buy' or 'sell' recommendation for Nokian Renkaat Oyj, the advice is generated through an automated system that utilizes algorithms and statistical models.
  
Check out Nokian Renkaat Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool.
In addition, we conduct extensive research on individual companies such as Nokian and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards Nokian Renkaat Oyj. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry.

Execute Nokian Renkaat Buy or Sell Advice

The Nokian recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Nokian Renkaat Oyj. Macroaxis does not own or have any residual interests in Nokian Renkaat Oyj or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Nokian Renkaat's advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell Nokian RenkaatBuy Nokian Renkaat
Sell

Market Performance

InsignificantDetails

Volatility

Very steadyDetails

Hype Condition

StaleDetails

Current Valuation

Fairly ValuedDetails

Odds Of Distress

Below AverageDetails

Economic Sensitivity

Barely shadows the marketDetails

Analyst Consensus

Not AvailableDetails

Reporting Quality (M-Score)

InapplicableDetails
For the selected time horizon Nokian Renkaat Oyj has a Mean Deviation of 0.2113, Standard Deviation of 0.8745 and Variance of 0.7648
We provide investment recommendation to complement the last-minute expert consensus on Nokian Renkaat Oyj. Our dynamic recommendation engine harnesses a multidimensional algorithm to analyze the entity's potential to grow using all technical and fundamental data available at the time. To make sure Nokian Renkaat Oyj is not overpriced, please verify all Nokian Renkaat Oyj fundamentals, including its total debt, market capitalization, and the relationship between the ebitda and cash flow from operations . Given that Nokian Renkaat Oyj has a shares owned by institutions of 52.07 %, we recommend you to check Nokian Renkaat market performance and probability of bankruptcy to ensure the company can sustain itself in the current economic cycle given your last-minute risk tolerance and investing horizon.

Nokian Renkaat Trading Alerts and Improvement Suggestions

Nokian Renkaat Oyj generated a negative expected return over the last 90 days
About 12.0% of the company outstanding shares are owned by corporate insiders

Nokian Renkaat Returns Distribution Density

The distribution of Nokian Renkaat's historical returns is an attempt to chart the uncertainty of Nokian Renkaat's future price movements. The chart of the probability distribution of Nokian Renkaat daily returns describes the distribution of returns around its average expected value. We use Nokian Renkaat Oyj price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Nokian Renkaat returns is essential to provide solid investment advice for Nokian Renkaat.
Mean Return
0.05
Value At Risk
0.00
Potential Upside
0.00
Standard Deviation
0.87
   Return Density   
       Distribution  
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Nokian Renkaat historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

Nokian Renkaat Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Nokian Renkaat or Consumer Cyclical sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Nokian Renkaat's price will be affected by overall pink sheet market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Nokian pink sheet's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over NYSE Composite
0.05
β
Beta against NYSE Composite-0.09
σ
Overall volatility
0.45
Ir
Information ratio -0.1

Nokian Renkaat Volatility Alert

Nokian Renkaat Oyj exhibits very low volatility with skewness of 4.34 and kurtosis of 39.94. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Nokian Renkaat's pink sheet risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Nokian Renkaat's pink sheet price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.

Nokian Renkaat Fundamentals Vs Peers

Comparing Nokian Renkaat's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Nokian Renkaat's direct or indirect competition across all of the common fundamentals between Nokian Renkaat and the related equities. This way, we can detect undervalued stocks with similar characteristics as Nokian Renkaat or determine the pink sheets which would be an excellent addition to an existing portfolio. Peer analysis of Nokian Renkaat's fundamental indicators could also be used in its relative valuation, which is a method of valuing Nokian Renkaat by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare Nokian Renkaat to competition
FundamentalsNokian RenkaatPeer Average
Return On Equity-0.11-0.31
Return On Asset0.0508-0.14
Profit Margin(0.1) %(1.27) %
Operating Margin0.11 %(5.51) %
Current Valuation1.89 B16.62 B
Shares Outstanding138.25 M571.82 M
Shares Owned By Insiders12.03 %10.09 %
Shares Owned By Institutions52.07 %39.21 %
Price To Earning13.88 X28.72 X
Price To Book0.86 X9.51 X
Price To Sales0.81 X11.42 X
Revenue1.71 B9.43 B
Gross Profit457.3 M27.38 B
EBITDA423.3 M3.9 B
Net Income206.2 M570.98 M
Cash And Equivalents219.5 M2.7 B
Cash Per Share1.59 X5.01 X
Total Debt128.4 M5.32 B
Debt To Equity0.28 %48.70 %
Current Ratio2.44 X2.16 X
Book Value Per Share10.37 X1.93 K
Cash Flow From Operations396.5 M971.22 M
Earnings Per Share1.60 X3.12 X
Number Of Employees4.54 K18.84 K
Beta0.89-0.15
Market Capitalization1.46 B19.03 B
Total Asset2.38 B29.47 B
Z Score6.68.72
Annual Yield0.05 %
Net Asset2.38 B
Last Dividend Paid0.55

Nokian Renkaat Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Nokian . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.

About Nokian Renkaat Buy or Sell Advice

When is the right time to buy or sell Nokian Renkaat Oyj? Buying financial instruments such as Nokian Pink Sheet isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.

Use Investing Ideas to Build Portfolios

In addition to having Nokian Renkaat in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Emerging Markets Funds Thematic Idea Now

Emerging Markets Funds
Emerging Markets Funds Theme
Fund or Etfs that invest in markets of developing countries. The Emerging Markets Funds theme has 45 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Emerging Markets Funds Theme or any other thematic opportunities.
View All  Next Launch
Check out Nokian Renkaat Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool.
You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.

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.
USA ETFs
Find actively traded Exchange Traded Funds (ETF) in USA
Stocks Directory
Find actively traded stocks across global markets
Piotroski F Score
Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals
Balance Of Power
Check stock momentum by analyzing Balance Of Power indicator and other technical ratios
Insider Screener
Find insiders across different sectors to evaluate their impact on performance
Pair Correlation
Compare performance and examine fundamental relationship between any two equity instruments
Pattern Recognition
Use different Pattern Recognition models to time the market across multiple global exchanges
Please note, there is a significant difference between Nokian Renkaat's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nokian Renkaat is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nokian Renkaat'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.