Nokia Oyj (France) Today

NOKIA Stock  EUR 3.30  0.02  0.60%   

Performance

3 of 100

 
Low
 
High
Insignificant

Odds Of Distress

Less than 9

 
100  
 
Zero
Low
Nokia Oyj is selling at 3.30 as of the 29th of March 2024; that is -0.6 percent decrease since the beginning of the trading day. The stock's last reported lowest price was 3.28. Nokia Oyj has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat insignificant performance during the last 90 days. Equity ratings for Nokia Oyj are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 9th of April 2022 and ending today, the 29th of March 2024. Click here to learn more.
Nokia Corporation engages in the network and technology businesses worldwide. Nokia Corporation was founded in 1865 and is headquartered in Espoo, Finland. NOKIA operates under Communication Equipment classification in France and is traded on Paris Stock Exchange. The company has 5.59 B outstanding shares. More on Nokia Oyj

Moving together with Nokia Stock

  0.66ALLEC Cogelec SAPairCorr

Moving against Nokia Stock

  0.64ETL Eutelsat CommunicationsPairCorr
  0.61ENGI Engie SAPairCorr
  0.46ATEME ATEME SAPairCorr
Follow Valuation Odds of Bankruptcy
Check how we calculate scores

Nokia Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Nokia Oyj's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Nokia Oyj or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEO and PresRajeev Suri
Business ConcentrationCommunication Equipment, Technology (View all Sectors)
Nokia Oyj (NOKIA) is traded on Euronext Paris in France and employs 50 people. The company currently falls under 'Large-Cap' category with a current market capitalization of 24.86 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Nokia Oyj's market, we take the total number of its shares issued and multiply it by Nokia Oyj'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. Nokia Oyj operates under Technology sector and is part of Communication Equipment industry. The entity has 5.59 B outstanding shares. Nokia Oyj has accumulated about 5.07 B in cash with 1.47 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.91.
Check Nokia Oyj Probability Of Bankruptcy
Ownership Allocation
Nokia Oyj holds a total of 5.59 Billion outstanding shares. 30% of Nokia Oyj outstanding shares are owned by institutional investors. Institutional investors are typically referred to investors that purchase positions in a given stock to benefit from reduced commissions. Consequently, institutional investors are subject to different rules and regulations than regular investors. Please look out for any change in current institutional holding as this could mean something significant has changed at the company or is about to change. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Nokia Ownership Details

Nokia Stock Price Odds Analysis

In regard to a normal probability distribution, the odds of Nokia Oyj jumping above the current price in 90 days from now is about 34.46%. The Nokia Oyj probability density function shows the probability of Nokia Oyj stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Nokia Oyj has a beta of 0.0278. This indicates as returns on the market go up, Nokia Oyj average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Nokia Oyj will be expected to be much smaller as well. Additionally, nokia Oyj has an alpha of 0.1227, implying that it can generate a 0.12 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 3.3HorizonTargetOdds Above 3.3
65.20%90 days
 3.30 
34.46%
Based on a normal probability distribution, the odds of Nokia Oyj to move above the current price in 90 days from now is about 34.46 (This Nokia Oyj probability density function shows the probability of Nokia Stock to fall within a particular range of prices over 90 days) .

Nokia Oyj Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Nokia Oyj market risk premium is the additional return an investor will receive from holding Nokia Oyj long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Nokia Oyj. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Nokia Oyj's alpha and beta are two of the key measurements used to evaluate Nokia Oyj's performance over the market, the standard measures of volatility play an important role as well.

Nokia Stock Against Markets

Picking the right benchmark for Nokia Oyj stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Nokia Oyj stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Nokia Oyj is critical whether you are bullish or bearish towards Nokia Oyj at a given time. Please also check how Nokia Oyj's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Nokia Oyj without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Stocks Directory Now

   

Stocks Directory

Find actively traded stocks across global markets
All  Next Launch Module

Nokia Oyj Corporate Directors

Nokia Oyj corporate directors refer to members of a Nokia Oyj board of directors. The board of directors generally takes responsibility for the Nokia Oyj's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Nokia Oyj's board members must vote for the resolution. The Nokia Oyj board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.

How to buy Nokia Stock?

Before investing in Nokia Oyj, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Nokia Oyj. To buy Nokia Oyj stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Nokia Oyj. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Nokia Oyj stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Nokia Oyj stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Nokia Oyj stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Nokia Oyj, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.

Already Invested in Nokia Oyj?

The danger of trading Nokia Oyj is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Nokia Oyj is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Nokia Oyj. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Nokia Oyj is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nokia 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 nation.
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 Commodity Directory module to find actively traded commodities issued by global exchanges.

Complementary Tools for Nokia Stock analysis

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.
Sync Your Broker
Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors.
Money Flow Index
Determine momentum by analyzing Money Flow Index and other technical indicators
Competition Analyzer
Analyze and compare many basic indicators for a group of related or unrelated entities
AI Investment Finder
Use AI to screen and filter profitable investment opportunities
Analyst Advice
Analyst recommendations and target price estimates broken down by several categories
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.