Automotive Tire Market Size to Generate 218.87 Billion By 2030, Growing at a CAGR of 3.8 percent Allied Market Research - Yahoo Finance

NKRKY Stock  USD 4.38  0.12  2.82%   
Slightly above 55% of Nokian Tyres' investors are presently thinking to get in. The analysis of overall sentiment of trading Nokian Tyres Plc pink sheet suggests that some investors are interested at this time. Nokian Tyres' investor sentiment overview provides quick insight into current market opportunities from investing in Nokian Tyres Plc. The current market sentiment, together with Nokian Tyres' historical and current headlines, can help investors time the market. In addition, many technical investors use Nokian Tyres Plc stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
Nokian Tyres pink sheet news, alerts, and headlines are usually related to its technical, predictive, social, and fundamental indicators. It can reflect on the current distribution of Nokian daily returns and investor perception about the current price of Nokian Tyres Plc as well as its diversification or hedging effects on your existing portfolios.
  
Automotive Tire Market Size to Generate 218.87 Billion By 2030, Growing at a CAGR of 3.8 percent Allied Market Research Yahoo Finance

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Nokian Tyres Fundamental Analysis

We analyze Nokian Tyres' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Nokian Tyres using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Nokian Tyres based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Current Liabilities

Current Liabilities Comparative Analysis

Nokian Tyres is currently under evaluation in current liabilities category among related companies. Current Liabilities is the company's short term debt. This usually includes obligations that are due within the next 12 months or within one fiscal year. Current liabilities are very important in analyzing a company's financial health as it requires the company to convert some of its current assets into cash.

Nokian Tyres Plc Potential Pair-trading

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Nokian Tyres pink sheet to make a market-neutral strategy. Peer analysis of Nokian Tyres could also be used in its relative valuation, which is a method of valuing Nokian Tyres by comparing valuation metrics with similar companies.

Peers

Nokian Tyres Related Equities

LAZRLuminar Technologies   12.00   
0%
100.0%
FOXFFox Factory   10.40   
0%
86.0%
INVZInnoviz Technologies   8.04   
0%
67.0%
BWABorgWarner   2.27   
0%
18.0%
QSQuantumscape Corp   2.15   
0%
17.0%
LKQLKQ   1.18   
0%
9.0%
LEALear   0.43   
0%
3.0%
ALVAutoliv   0.34   
2.0%
0%
ALSNAllison Transmission   0.80   
6.0%
0%
MBLYMobileye Global   1.54   
12.0%
0%
Check out Nokian Tyres Hype Analysis, Nokian Tyres Correlation and Nokian Tyres Performance.
You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.

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