Nokia Oyj (France) Market Value

NOKIA Stock  EUR 3.32  0.04  1.22%   
Nokia Oyj's market value is the price at which a share of Nokia Oyj trades on a public exchange. It measures the collective expectations of Nokia Oyj investors about its performance. Nokia Oyj is selling at 3.32 as of the 28th of March 2024; that is 1.22% increase since the beginning of the trading day. The stock's last reported lowest price was 3.27.
With this module, you can estimate the performance of a buy and hold strategy of Nokia Oyj and determine expected loss or profit from investing in Nokia Oyj over a given investment horizon. Check out Nokia Oyj Correlation, Nokia Oyj Volatility and Nokia Oyj Alpha and Beta module to complement your research on Nokia Oyj.
Symbol

Please note, there is a significant difference between Nokia Oyj's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nokia Oyj is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nokia Oyj'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.

Nokia Oyj 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Nokia Oyj's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Nokia Oyj.
0.00
04/03/2023
No Change 0.00  0.0 
In 11 months and 27 days
03/28/2024
0.00
If you would invest  0.00  in Nokia Oyj on April 3, 2023 and sell it all today you would earn a total of 0.00 from holding Nokia Oyj or generate 0.0% return on investment in Nokia Oyj over 360 days. Nokia Oyj is related to or competes with Eutelsat Communications, Parrot, ATEME SA, and Kerlink SAS. Nokia Corporation engages in the network and technology businesses worldwide More

Nokia Oyj Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Nokia Oyj's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Nokia Oyj upside and downside potential and time the market with a certain degree of confidence.

Nokia Oyj Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Nokia Oyj's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nokia Oyj's standard deviation. In reality, there are many statistical measures that can use Nokia Oyj historical prices to predict the future Nokia Oyj's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nokia Oyj's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
1.413.325.23
Details
Intrinsic
Valuation
LowRealHigh
1.403.315.22
Details
Naive
Forecast
LowNextHigh
1.323.225.13
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
3.213.283.35
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Nokia Oyj. Your research has to be compared to or analyzed against Nokia Oyj's peers to derive any actionable benefits. When done correctly, Nokia Oyj's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Nokia Oyj.

Nokia Oyj Backtested Returns

We consider Nokia Oyj slightly risky. Nokia Oyj has Sharpe Ratio of 0.0825, which conveys that the firm had a 0.0825% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Nokia Oyj, which you can use to evaluate the volatility of the firm. Please verify Nokia Oyj's Risk Adjusted Performance of 0.0473, mean deviation of 1.22, and Downside Deviation of 1.62 to check out if the risk estimate we provide is consistent with the expected return of 0.16%. Nokia Oyj has a performance score of 6 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.029, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nokia Oyj's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nokia Oyj is expected to be smaller as well. Nokia Oyj right now secures a risk of 1.91%. Please verify Nokia Oyj downside variance, daily balance of power, and the relationship between the maximum drawdown and skewness , to decide if Nokia Oyj will be following its current price movements.

Auto-correlation

    
  0.09  

Virtually no predictability

Nokia Oyj has virtually no predictability. Overlapping area represents the amount of predictability between Nokia Oyj time series from 3rd of April 2023 to 30th of September 2023 and 30th of September 2023 to 28th of March 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Nokia Oyj price movement. The serial correlation of 0.09 indicates that less than 9.0% of current Nokia Oyj price fluctuation can be explain by its past prices.
Correlation Coefficient0.09
Spearman Rank Test0.03
Residual Average0.0
Price Variance0.02

Nokia Oyj lagged returns against current returns

Autocorrelation, which is Nokia Oyj stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Nokia Oyj's stock expected returns. We can calculate the autocorrelation of Nokia Oyj returns to help us make a trade decision. For example, suppose you find that Nokia Oyj has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

Nokia Oyj regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Nokia Oyj stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nokia Oyj stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nokia Oyj stock over time.
   Current vs Lagged Prices   
       Timeline  

Nokia Oyj Lagged Returns

When evaluating Nokia Oyj's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nokia Oyj stock have on its future price. Nokia Oyj autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Nokia Oyj autocorrelation shows the relationship between Nokia Oyj stock current value and its past values and can show if there is a momentum factor associated with investing in Nokia Oyj.
   Regressed Prices   
       Timeline  

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Check out Nokia Oyj Correlation, Nokia Oyj Volatility and Nokia Oyj Alpha and Beta module to complement your research on Nokia Oyj.
Note that the Nokia Oyj information on this page should be used as a complementary analysis to other Nokia Oyj's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.

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When running Nokia Oyj's price analysis, check to measure Nokia Oyj'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 Nokia Oyj is operating at the current time. Most of Nokia Oyj's value examination focuses on studying past and present price action to predict the probability of Nokia Oyj's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nokia Oyj's price. Additionally, you may evaluate how the addition of Nokia Oyj to your portfolios can decrease your overall portfolio volatility.
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Nokia Oyj technical stock 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, stock market cycles, or different charting patterns.
A focus of Nokia Oyj technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Nokia Oyj trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...