Nokian Renkaat (Finland) Today
| TYRES Stock | 9.08 0.15 1.68% |
Performance7 of 100
| Odds Of DistressLess than 25
|
Nokian Renkaat is trading at 9.08 as of the 29th of April 2024. This is a 1.68 percent increase since the beginning of the trading day. The stock's open price was 8.93. Nokian Renkaat has about a 25 % chance of experiencing some form of financial distress in the next two years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Nokian Renkaat Oyj are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 30th of March 2024 and ending today, the 29th of April 2024. Click here to learn more.
Moving together with Nokian Stock
| 0.61 | VIAFIN | Viafin Service Oyj Earnings Call This Week | PairCorr |
| 0.7 | METSO | Metso Oyj | PairCorr |
Moving against Nokian Stock
| 0.49 | ORNBV | Orion Oyj B | PairCorr |
| 0.47 | ORNAV | Orion Oyj A | PairCorr |
Nokian 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. Nokian Renkaat's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Nokian Renkaat or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Business Concentration | Consumer Discretionary, Auto Components, Automobiles & Components, Consumer Discretionary (View all Sectors) |
Nokian Renkaat Oyj (TYRES) is traded on Helsinki Exchange in Finland and employs 4,542 people. The company currently falls under 'Mid-Cap' category with a current market capitalization of 1.33 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Nokian Renkaat's market, we take the total number of its shares issued and multiply it by Nokian Renkaat'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 Renkaat Oyj operates under Auto Components sector and is part of Consumer Discretionary industry. The entity has 138.25 M outstanding shares.
Nokian Renkaat generates positive cash flow from operations, but has no cash available
Check Nokian Renkaat Probability Of Bankruptcy
Ownership AllocationNokian Renkaat Oyj holds a total of 138.25 Million outstanding shares. Over half of Nokian Renkaat's outstanding shares are owned by institutional investors. These institutional investors are typically referred to as corporate investors that shop for positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in Nokian Renkaat Oyj. Please watch out for any change in the institutional holdings of Nokian Renkaat Oyj as this could mean something significant has changed or is about to change at the company. 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 Nokian Ownership Details
Nokian Stock Price Odds Analysis
Coming from a normal probability distribution, the odds of Nokian Renkaat jumping above the current price in 90 days from now is about 11.51%. The Nokian Renkaat Oyj probability density function shows the probability of Nokian Renkaat stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Nokian Renkaat has a beta of 0.5859. This usually implies as returns on the market go up, Nokian Renkaat average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Nokian Renkaat Oyj will be expected to be much smaller as well. Additionally, nokian Renkaat Oyj has an alpha of 0.0696, implying that it can generate a 0.0696 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Nokian Renkaat to move above the current price in 90 days from now is about 11.51 (This Nokian Renkaat Oyj probability density function shows the probability of Nokian Stock to fall within a particular range of prices over 90 days) .
Nokian Renkaat Oyj Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Nokian Renkaat market risk premium is the additional return an investor will receive from holding Nokian Renkaat 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 Nokian Renkaat. 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 Nokian Renkaat's alpha and beta are two of the key measurements used to evaluate Nokian Renkaat's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 1.13 | |||
| Semi Deviation | 1.71 | |||
| Standard Deviation | 1.75 | |||
| Variance | 3.07 |
Nokian Stock Against Markets
Picking the right benchmark for Nokian Renkaat 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 Nokian Renkaat 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 Nokian Renkaat is critical whether you are bullish or bearish towards Nokian Renkaat Oyj at a given time. Please also check how Nokian Renkaat'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 Nokian Renkaat 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?
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Nokian Renkaat Corporate Management
Elected by the shareholders, the Nokian Renkaat's board of directors comprises two types of representatives: Nokian Renkaat inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Nokian. The board's role is to monitor Nokian Renkaat's management team and ensure that shareholders' interests are well served. Nokian Renkaat's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Nokian Renkaat's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Reija MSc | Head Marketing | Profile | |
| Jaana Klinga | Sec Counsel | Profile | |
| Mitsuhira Shimazaki | Director Sales | Profile | |
| Manu Salmi | Ex Factory | Profile | |
| Peter Chia | Plant Director | Profile | |
| MSc MSc | Chief Officer | Profile | |
| Paivi MA | Investor Communications | Profile |
How to buy Nokian Stock?
Before investing in Nokian Renkaat, 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 Nokian Renkaat. To buy Nokian Renkaat stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Nokian Renkaat. 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 Nokian Renkaat stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Nokian Renkaat 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 Nokian Renkaat 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 Nokian Renkaat 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 Nokian Renkaat Oyj?
The danger of trading Nokian Renkaat 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 Nokian Renkaat 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 Nokian Renkaat. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Nokian Renkaat 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Nokian Renkaat 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 state. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Complementary Tools for Nokian Stock analysis
When running Nokian Renkaat's price analysis, check to measure Nokian Renkaat'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 Nokian Renkaat is operating at the current time. Most of Nokian Renkaat's value examination focuses on studying past and present price action to predict the probability of Nokian Renkaat's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nokian Renkaat's price. Additionally, you may evaluate how the addition of Nokian Renkaat to your portfolios can decrease your overall portfolio volatility.
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