Nokian Tyres Plc Stock Analysis
NKRKY Stock | USD 4.75 0.07 1.45% |
Nokian Tyres Plc is overvalued with Real Value of 3.97 and Hype Value of 4.75. The main objective of Nokian Tyres pink sheet analysis is to determine its intrinsic value, which is an estimate of what Nokian Tyres Plc is worth, separate from its market price. There are two main types of Nokian Tyres' stock analysis: fundamental analysis and technical analysis. Fundamental analysis focuses on the financial and economic factors that affect Nokian Tyres' performance, such as revenue growth, earnings, and financial stability. Technical analysis, on the other hand, focuses on the price and volume data of Nokian Tyres' stock to identify patterns and trends that may indicate its future price movements.
The Nokian Tyres pink sheet is traded in the USA on PINK Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in the USA. Nokian Tyres is usually not traded on Thanksgiving Day, Christmas Day, New Year 's Day, Dr . Martin Luther King Jr 's Birthday, Washington 's Birthday, Good Friday, Memorial Day, Juneteenth Holiday, Independence Day, Labour Day. Nokian Pink Sheet trading window is adjusted to America/New York timezone. Here, you can get updates on important government artifacts, including earning estimates, SEC corporate filings, announcements, and Nokian Tyres' ongoing operational relationships across important fundamental and technical indicators.
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Nokian Pink Sheet Analysis Notes
The company has price-to-book ratio of 0.84. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Nokian Tyres Plc last dividend was issued on the 2nd of November 2022. Nokian Renkaat Oyj develops and manufactures tires in Finland, Nordics, Russia, the rest of Europe, Asia, the Americas, and internationally. Nokian Renkaat Oyj was founded in 1898 and is headquartered in Nokia, Finland. Nokian Tyres operates under Auto Parts classification in the United States and is traded on OTC Exchange. It employs 4927 people.The quote for Nokian Tyres Plc is published daily by the National Quotation Bureau and the company does not need to meet minimum requirements or file with the SEC. To find out more about Nokian Tyres Plc contact Ari Lehtoranta at 358 1040 17000 or learn more at https://www.nokiantyres.com.Nokian Market Capitalization
The company currently falls under 'Mid-Cap' category with a current market capitalization of 1.37 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Nokian Tyres's market, we take the total number of its shares issued and multiply it by Nokian Tyres's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.Nokian Profitablity
Nokian Tyres' profitability indicators refer to fundamental financial ratios that showcase Nokian Tyres' ability to generate income relative to its revenue or operating costs. If, let's say, Nokian Tyres is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Nokian Tyres' executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Nokian Tyres' profitability requires more research than a typical breakdown of Nokian Tyres' financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Profit Margin (PM) of (0.1) %, which may suggest that it does not properly executes on its current pricing strategies or is unable to control all of the operational costs. This is way below average. Similarly, it shows Operating Margin (OM) of 0.1 %, which suggests for every 100 dollars of sales, it generated a net operating income of $0.1. Technical Drivers
As of the 17th of April 2024, Nokian Tyres secures the Mean Deviation of 1.34, downside deviation of 2.45, and Risk Adjusted Performance of 0.029. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Nokian Tyres Plc, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We were able to collect data for nineteen technical drivers for Nokian Tyres, which can be compared to its peers in the industry. Please verify Nokian Tyres Plc coefficient of variation, maximum drawdown, as well as the relationship between the Maximum Drawdown and skewness to decide if Nokian Tyres Plc is priced some-what accurately, providing market reflects its recent price of 4.75 per share. Given that Nokian Tyres Plc has jensen alpha of (0), we recommend you to check Nokian Tyres's last-minute market performance to make sure the company can sustain itself at a future point.Nokian Tyres Plc Price Movement Analysis
null. The output start index for this execution was zero with a total number of output elements of zero. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. Nokian Tyres middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for Nokian Tyres Plc. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.
Nokian Tyres Predictive Daily Indicators
Nokian Tyres intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Nokian Tyres pink sheet daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Nokian Tyres Forecast Models
Nokian Tyres' time-series forecasting models are one of many Nokian Tyres' pink sheet analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Nokian Tyres' historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.About Nokian Pink Sheet Analysis
Pink Sheet analysis is the technique used by a trader or investor to examine and evaluate how Nokian Tyres prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Nokian shares will generate the highest return on investment. We also built our pink sheet analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Pink Sheet such as Nokian Tyres. By using and applying Nokian Pink Sheet analysis, traders can create a robust methodology for identifying Nokian entry and exit points for their positions.
Nokian Renkaat Oyj develops and manufactures tires in Finland, Nordics, Russia, the rest of Europe, Asia, the Americas, and internationally. Nokian Renkaat Oyj was founded in 1898 and is headquartered in Nokia, Finland. Nokian Tyres operates under Auto Parts classification in the United States and is traded on OTC Exchange. It employs 4927 people.
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As an investor, your ultimate goal is to build wealth. Optimizing your investment portfolio is an essential element in this goal. Using our pink sheet analysis tools, you can find out how much better you can do when adding Nokian Tyres to your portfolios without increasing risk or reducing expected return.Did you try this?
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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nokian Tyres Plc. 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. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Complementary Tools for Nokian Pink Sheet analysis
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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