Nokia Competitors

Stocks . Germany . 
Stock . Nokia
NOAA Stock  EUR 4.08  0.02  0.49%   
Nokia competes with Zijin Mining, CITIC Telecom, INTERSHOP Communications, ADRIATIC METALS, and Jacquet Metal; as well as few others. The company operates under Technology sector and is part of Communication Equipment industry. Analyzing Nokia competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Nokia to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Nokia Correlation with its peers.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Nokia competition on your existing holdings.
  
Specify up to 10 symbols:
Hype
Prediction
LowEstimatedHigh
1.764.086.40
Details
Intrinsic
Valuation
LowRealHigh
1.083.405.72
Details
Naive
Forecast
LowNextHigh
2.014.336.64
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
3.804.174.54
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Nokia. Your research has to be compared to or analyzed against Nokia's peers to derive any actionable benefits. When done correctly, Nokia's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Nokia.

Nokia Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Nokia and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Nokia and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Nokia does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
B7O
+ 0.79
B7O
I43
+ 0.77
FJZ
3FNA
+ 0.71
B7O
I43
+ 0.71
3FNA
3FNA
+ 0.68
ISHA
B7O
+ 0.65
I43
  
High negative correlations   
MSPA
- 0.27
31WN
31WN
- 0.24
ISHA
MSPA
- 0.05
B7O
MSPA
- 0.05
B7O
ISHA
- 0.03
FJZ

Risk-Adjusted Indicators

There is a big difference between Nokia Stock performing well and Nokia Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Nokia's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
All Fundamental Data

Nokia Competitive Analysis

The better you understand Nokia competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Nokia's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Nokia's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
NOAA FJZ B7O ISHA 3FNA I43 31WN B7O MSPA
 0.49 
 4.08 
Nokia
 1.09 
 1.86 
Zijin
 0.00 
 0.27 
CITIC
 2.15 
 1.90 
INTERSHOP
 2.52 
 2.44 
ADRIATIC
 1.99 
 16.44 
Jacquet
 1.94 
 1.01 
Western
 0.00 
 0.27 
Citic
 0.65 
 7.70 
MAROC
Market Volatility
(90 Days Market Risk)
Moderately volatile
Dangerous
Out of control
Very risky
Very risky
Not too volatile
Dangerous
Out of control
Not too volatile
Market Performance
(90 Days Performance)
Modest
OK
Modest
Modest
Good
OK
Weak
Modest
Very Weak
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Low
Low
Low
Low
Low
High
Low
Low
Current Valuation
(Equity Enterprise Value)
Over Valued
Over Valued
Over Valued
Over Valued
Fairly Valued
Over Valued
Fairly Valued
Over Valued
Over Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Strong Sell
Strong Sell
Strong Sell
Strong Sell
Cautious Hold
Strong Sell
Strong Sell
Strong Sell
Strong Sell
Current Ratio
N/A
0.85
1.42
N/A
6.64
2.2
10.66
N/A
N/A
Net Asset
42.94 B
208.59 B
18.38 B
39.55 M
N/A
1.46 B
115.49 M
18.38 B
65.53 B
Profit Margin
0.17
0.0808
0.12
-0.0393
N/A
0.0751
N/A
N/A
N/A
EBITDA
3.46 B
34.76 B
2.51 B
4.42 M
(10.02 M)
196.37 M
(5.07 M)
N/A
N/A
Operating Margin
0.11
0.11
0.17
-0.0372
N/A
0.1
N/A
N/A
N/A
Current Valuation
22.5 B
48.72 B
1.67 B
43.2 M
N/A
696.51 M
235.16 M
1.67 B
9.31 B
Price To Book
1.33
2.97
0.95
2.45
N/A
0.6
3.18
0.95
8.9
Five Year Return
N/A
3.52
5.25
N/A
N/A
3.48
N/A
N/A
N/A
Beta
0.63
1.48
0.42
0.94
1.19
1.3
2.38
N/A
N/A
Number Of Employees
10
43.88 K
2.49 K
299
133
3.08 K
8
N/A
N/A
Shares Outstanding
5.59 B
5.74 B
3.69 B
14.19 M
272.75 M
22.85 M
151.6 M
N/A
N/A
Cash Flow From Operations
1.47 B
26.07 B
2.39 B
4.6 M
(4.61 M)
7.81 M
(3.87 M)
N/A
N/A
Annual Yield
0.0185
0.0204
0.0794
N/A
N/A
0.0541
N/A
0.78
1.15
Total Debt
4.25 B
49.42 B
4.95 B
3.06 M
11.69 M
307 M
N/A
4.95 B
3.27 B
Return On Equity
0.22
0.24
0.12
-0.0878
N/A
0.38
-0.0371
N/A
N/A
Z Score
3.0
1.0
N/A
7.2
27.6
1.6
N/A
N/A
1.8
Return On Asset
0.0402
0.0738
0.0561
-0.021
N/A
0.11
-0.0242
N/A
N/A
Book Value Per Share
3.82
3.23
2.71
1.11
0.54
28.75
0.73
N/A
N/A
Total Asset
42.94 B
208.59 B
18.38 B
39.55 M
N/A
1.46 B
115.49 M
18.38 B
65.53 B
Target Price
7.17
N/A
N/A
6.0
N/A
N/A
N/A
N/A
N/A
Last Dividend Paid
0.12
0.2
0.23
N/A
N/A
1.0
N/A
N/A
N/A
Debt To Equity
N/A
85.1
77.1
N/A
0.24
107.6
N/A
N/A
N/A
Shares Owned By Institutions
7.44
50.09
7.08
68.89
26.43
31.28
16.46
N/A
N/A
Market Capitalization
24.01 B
42.04 B
1.25 B
38.61 M
545.66 M
455.78 M
239.72 M
1.1 B
11.63 B
Price To Earnings To Growth
8.86
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Price To Earning
N/A
11.61
10.72
N/A
N/A
7.58
-46.05
N/A
N/A
Price To Sales
1.05
0.14
0.12
1.04
N/A
0.14
N/A
0.99
2.78
Net Income
4.25 B
15.67 B
1.08 B
810 K
(11.39 M)
120.85 M
(3.71 M)
N/A
N/A
Earnings Per Share
0.75
0.11
0.04
-0.1
-0.054
8.64
-0.02
N/A
N/A
Shares Owned By Insiders
0.007
0.34
57.67
N/A
9.53
48.34
15.62
N/A
N/A
Revenue
24.91 B
225.1 B
9.49 B
35.99 M
N/A
1.97 B
N/A
N/A
N/A
Cash And Equivalents
N/A
1.7 B
199.78 M
N/A
20.84 M
141.4 M
4.1 M
N/A
N/A
Cash Per Share
N/A
0.07
0.06
N/A
0.1
5.93
0.04
N/A
N/A
Gross Profit
10.32 B
34.69 B
3.85 B
17.4 M
N/A
525.69 M
N/A
N/A
N/A
Day Typical Price
4.08
1.86
0.27
1.92
2.41
16.44
1.01
0.27
7.7
Accumulation Distribution
N/A
N/A
N/A
257.11
0.041
N/A
N/A
N/A
N/A
Market Facilitation Index
N/A
N/A
N/A
0.0
0.1
N/A
N/A
N/A
N/A
Daily Balance Of Power
(9,223,372,036,855)
9.2 T
0.0
0.2857
0.6
9.2 T
(9,223,372,036,855)
0.0
9.2 T
Period Momentum Indicator
(0.02)
0.02
N/A
0.04
0.06
0.32
(0.02)
N/A
0.05
Rate Of Daily Change
1.0
1.01
1.0
1.02
1.03
1.02
0.98
1.0
1.01
Day Median Price
4.08
1.86
0.27
1.93
2.39
16.44
1.01
0.27
7.7
Price Action Indicator
(0.01)
0.01
N/A
(0.01)
0.08
0.16
(0.01)
N/A
0.025
Coefficient Of Variation
1417.89
1122.57
1108.13
1074.62
552.07
751.8
4771.49
1146.79
(2,245)
Mean Deviation
1.58
2.82
2.03
1.7
2.94
1.13
2.22
1.36
0.666
Jensen Alpha
0.1411
0.2292
0.2979
0.255
0.749
0.2046
0.0106
0.2018
(0.03)
Total Risk Alpha
(0.21)
(0.27)
(0.23)
(0.17)
0.086
(0.05)
(0.47)
(0.18)
(0.21)
Sortino Ratio
0.0166
0.0592
0.0331
0.0362
0.1598
0.0523
(0.02)
0.0176
N/A
Downside Variance
4.99
12.79
26.76
7.61
16.13
2.46
12.5
21.53
N/A
Standard Deviation
2.29
3.77
3.28
2.41
4.23
1.55
3.33
2.36
0.9803
Kurtosis
4.54
0.8687
1.28
1.66
4.01
0.8147
4.77
2.16
1.97
Potential Upside
3.2
6.75
7.69
4.22
7.61
2.99
4.76
4.0
1.32
Treynor Ratio
1.66
0.3846
(2.67)
(0.60)
12.35
(2.77)
0.139
(3.91)
0.3064
Maximum Drawdown
16.32
18.51
16.03
12.64
27.81
7.95
24.8
14.84
5.69
Variance
5.25
14.25
10.73
5.81
17.88
2.41
11.12
5.58
0.961
Market Risk Adjusted Performance
1.67
0.3946
(2.66)
(0.59)
12.36
(2.76)
0.149
(3.90)
0.3164
Risk Adjusted Performance
0.0578
0.0724
0.073
0.0742
0.1391
0.1014
0.023
0.0699
(0.03)
Skewness
0.7086
0.4087
0.3549
(0.06)
0.7839
0.1193
0.0989
0.1269
0.3294
Semi Deviation
1.92
3.19
2.2
2.02
3.34
1.24
2.97
1.61
N/A
Information Ratio
0.0162
0.0561
0.0523
0.0414
0.1517
0.0528
(0.02)
0.0345
(0.17)
Value At Risk
(3.46)
(5.91)
(3.85)
(4.15)
(4.63)
(2.44)
(3.92)
(3.70)
(1.31)
Expected Short fall
(1.90)
(3.34)
(5.45)
(2.38)
(3.61)
(1.29)
(2.79)
(4.28)
N/A
Downside Deviation
2.23
3.58
5.17
2.76
4.02
1.57
3.54
4.64
N/A
Semi Variance
3.68
10.18
4.84
4.06
11.17
1.54
8.81
2.58
N/A

Nokia Competition Performance Charts

Five steps to successful analysis of Nokia Competition

Nokia's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Nokia in relation to its competition. Nokia's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Nokia in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Nokia's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Nokia, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

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Other Information on Investing in Nokia Stock

Nokia financial ratios help investors to determine whether Nokia Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Nokia with respect to the benefits of owning Nokia security.
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