Nokian Tyres Plc Stock Performance
| NKRKY Stock | USD 4.74 0.01 0.21% |
Nokian Tyres has a performance score of 5 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 1.29, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Nokian Tyres will likely underperform. Nokian Tyres Plc right now secures a risk of 2.16%. Please verify Nokian Tyres Plc maximum drawdown, as well as the relationship between the skewness and day typical price , to decide if Nokian Tyres Plc will be following its current price movements.
Risk-Adjusted Performance
5 of 100
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Insignificant
Compared to the overall equity markets, risk-adjusted returns on investments in Nokian Tyres Plc are ranked lower than 5 (%) of all global equities and portfolios over the last 90 days. In spite of fairly weak forward-looking signals, Nokian Tyres may actually be approaching a critical reversion point that can send shares even higher in May 2024. ...more
| Begin Period Cash Flow | 504.2 M | |
| Total Cashflows From Investing Activities | -118.7 M |
Nokian |
Nokian Tyres Relative Risk vs. Return Landscape
If you would invest 440.00 in Nokian Tyres Plc on January 20, 2024 and sell it today you would earn a total of 34.00 from holding Nokian Tyres Plc or generate 7.73% return on investment over 90 days. Nokian Tyres Plc is currently producing 0.1431% returns and takes up 2.1629% volatility of returns over 90 trading days. Put another way, 19% of traded pink sheets are less volatile than Nokian, and 98% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Nokian Tyres Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nokian Tyres' investment risk. Standard deviation is the most common way to measure market volatility of pink sheets, such as Nokian Tyres Plc, and traders can use it to determine the average amount a Nokian Tyres' price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0661
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| Cash | Small Risk | NKRKY | High Risk | Huge Risk |
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Estimated Market Risk
| 2.16 actual daily | 19 81% of assets are more volatile |
Expected Return
| 0.14 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average Nokian Tyres is performing at about 5% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Nokian Tyres by adding it to a well-diversified portfolio.
Nokian Tyres Fundamentals Growth
Nokian Pink Sheet prices reflect investors' perceptions of the future prospects and financial health of Nokian Tyres, and Nokian Tyres fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Nokian Pink Sheet performance.
| Return On Equity | -0.11 | |||
| Return On Asset | 0.0504 | |||
| Profit Margin | (0.1) % | |||
| Operating Margin | 0.10 % | |||
| Current Valuation | 1.89 B | |||
| Shares Outstanding | 276.5 M | |||
| Price To Earning | 14.35 X | |||
| Price To Book | 0.84 X | |||
| Price To Sales | 0.78 X | |||
| Revenue | 1.71 B | |||
| EBITDA | 423.3 M | |||
| Cash And Equivalents | 219.5 M | |||
| Cash Per Share | 0.79 X | |||
| Total Debt | 128.4 M | |||
| Debt To Equity | 0.28 % | |||
| Book Value Per Share | 5.18 X | |||
| Cash Flow From Operations | 396.5 M | |||
| Earnings Per Share | 0.92 X | |||
| Total Asset | 2.38 B | |||
| Retained Earnings | 1.26 B | |||
| Current Asset | 1.17 B | |||
| Current Liabilities | 333 M | |||
About Nokian Tyres Performance
To evaluate Nokian Tyres Plc Pink Sheet as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Nokian Tyres generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Nokian Pink Sheet's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Nokian Tyres Plc market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Nokian's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.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.Things to note about Nokian Tyres Plc performance evaluation
Checking the ongoing alerts about Nokian Tyres for important developments is a great way to find new opportunities for your next move. Pink Sheet alerts and notifications screener for Nokian Tyres Plc help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.Evaluating Nokian Tyres' performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Nokian Tyres' pink sheet performance include:- Analyzing Nokian Tyres' financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Nokian Tyres' stock is overvalued or undervalued compared to its peers.
- Examining Nokian Tyres' industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Nokian Tyres' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Nokian Tyres' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Nokian Tyres' pink sheet. These opinions can provide insight into Nokian Tyres' potential for growth and whether the stock is currently undervalued or overvalued.
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 Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
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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