Nokian Tyres Plc Stock Buy Hold or Sell Recommendation
| NKRKY Stock | USD 4.76 0.06 1.24% |
Assuming the 90 days horizon and your above-average risk tolerance, our recommendation regarding Nokian Tyres Plc is 'Hold'. Macroaxis provides Nokian Tyres buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding NKRKY positions. The advice algorithm takes into account all of Nokian Tyres' available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Nokian Tyres' buy or sell advice are summarized below:
Real Value 4.72 | Hype Value 4.74 | Market Value 4.76 | Naive Value 4.59 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Nokian Tyres Plc given historical horizon and risk tolerance towards Nokian Tyres. When Macroaxis issues a 'buy' or 'sell' recommendation for Nokian Tyres Plc, the advice is generated through an automated system that utilizes algorithms and statistical models.
Nokian |
Execute Nokian Tyres 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 Tyres Plc. Macroaxis does not own or have any residual interests in Nokian Tyres Plc or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Nokian Tyres' advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Hold
Market Performance | Modest | Details | |
Volatility | Slightly risky | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Follows the market closely | Details | |
Analyst Consensus | Not Available | Details | |
Reporting Quality (M-Score) | Inapplicable | Details |
Nokian Tyres Returns Distribution Density
The distribution of Nokian Tyres' historical returns is an attempt to chart the uncertainty of Nokian Tyres' future price movements. The chart of the probability distribution of Nokian Tyres daily returns describes the distribution of returns around its average expected value. We use Nokian Tyres Plc price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Nokian Tyres returns is essential to provide solid investment advice for Nokian Tyres.
| Mean Return | 0.07 | Value At Risk | -3.33 | Potential Upside | 4.38 | Standard Deviation | 2.14 |
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 Tyres 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 Tyres 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 Tyres 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 Tyres' 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 | 0.01 | |
β | Beta against NYSE Composite | 0.81 | |
σ | Overall volatility | 2.16 | |
Ir | Information ratio | 0 |
Nokian Tyres Volatility Alert
Nokian Tyres Plc currently demonstrates below-average downside deviation. It has Information Ratio of 0.0 and Jensen Alpha of 0.01. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Nokian Tyres' 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 Tyres' 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 Tyres Fundamentals Vs Peers
Comparing Nokian Tyres' 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 Tyres' direct or indirect competition across all of the common fundamentals between Nokian Tyres and the related equities. This way, we can detect undervalued stocks with similar characteristics as Nokian Tyres or determine the pink sheets which would be an excellent addition to an existing portfolio. Peer analysis of Nokian Tyres' fundamental indicators could also be used in its relative valuation, which is a method of valuing Nokian Tyres by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Nokian Tyres to competition |
| Fundamentals | Nokian Tyres | Peer Average |
| Return On Equity | -0.11 | -0.31 |
| Return On Asset | 0.0504 | -0.14 |
| Profit Margin | (0.1) % | (1.27) % |
| Operating Margin | 0.10 % | (5.51) % |
| Current Valuation | 1.89 B | 16.62 B |
| Shares Outstanding | 276.5 M | 571.82 M |
| Price To Earning | 14.35 X | 28.72 X |
| Price To Book | 0.84 X | 9.51 X |
| Price To Sales | 0.78 X | 11.42 X |
| Revenue | 1.71 B | 9.43 B |
| Gross Profit | 553.5 M | 27.38 B |
| EBITDA | 423.3 M | 3.9 B |
| Net Income | 206.2 M | 570.98 M |
| Cash And Equivalents | 219.5 M | 2.7 B |
| Cash Per Share | 0.79 X | 5.01 X |
| Total Debt | 128.4 M | 5.32 B |
| Debt To Equity | 0.28 % | 48.70 % |
| Current Ratio | 2.44 X | 2.16 X |
| Book Value Per Share | 5.18 X | 1.93 K |
| Cash Flow From Operations | 396.5 M | 971.22 M |
| Earnings Per Share | 0.92 X | 3.12 X |
| Number Of Employees | 4.54 K | 18.84 K |
| Beta | 0.89 | -0.15 |
| Market Capitalization | 1.37 B | 19.03 B |
| Total Asset | 2.38 B | 29.47 B |
| Retained Earnings | 1.26 B | 9.33 B |
| Working Capital | 832 M | 1.48 B |
| Current Asset | 1.17 B | 9.34 B |
| Current Liabilities | 333 M | 7.9 B |
| Z Score | 6.0 | 8.72 |
| Annual Yield | 0.12 % | |
| Five Year Return | 5.29 % | |
| Net Asset | 2.38 B |
Nokian Tyres 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.
| Accumulation Distribution | 5.1 | |||
| Daily Balance Of Power | (2.00) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 4.78 | |||
| Day Typical Price | 4.77 | |||
| Price Action Indicator | (0.04) | |||
| Period Momentum Indicator | (0.06) |
About Nokian Tyres Buy or Sell Advice
When is the right time to buy or sell Nokian Tyres Plc? 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 Tyres 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?
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Preferred Stock ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Preferred Stock ETFs theme has 15 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 Preferred Stock ETFs Theme or any other thematic opportunities.
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Check out Nokian Tyres 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 Stocks Directory module to find actively traded stocks across global markets.
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When running Nokian Tyres' price analysis, check to measure Nokian Tyres' 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 Tyres is operating at the current time. Most of Nokian Tyres' value examination focuses on studying past and present price action to predict the probability of Nokian Tyres' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nokian Tyres' price. Additionally, you may evaluate how the addition of Nokian Tyres to your portfolios can decrease your overall portfolio volatility.
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