Nokian Renkaat Financials
| TYRES Stock | 7.40 0.08 1.07% |
Nokian |
| Instrument | Finland Stock View All |
| Exchange | Helsinki Exchange |
| ISIN | FI0009005318 |
| Business Address | Pirkkalaistie 7, Nokia, |
| Sector | Auto Components |
| Industry | Consumer Discretionary |
| Benchmark | Dow Jones Industrial |
| Website | www.nokiantyres.com |
| Phone | 358 1040 17000 |
You should never invest in Nokian Renkaat without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Nokian Stock, because this is throwing your money away. Analyzing the key information contained in Nokian Renkaat's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
Nokian Renkaat Key Financial Ratios
Nokian Renkaat's financial ratios allow both analysts and investors to convert raw data from Nokian Renkaat's financial statements into concise, actionable information that can be used to evaluate the performance of Nokian Renkaat over time and compare it to other companies across industries.| Return On Equity | -0.11 | |||
| Return On Asset | 0.0508 | |||
| Target Price | 9.8 | |||
| Beta | 0.89 | |||
| Z Score | 6.0 |
Nokian Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Nokian Renkaat's current stock value. Our valuation model uses many indicators to compare Nokian Renkaat value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Nokian Renkaat competition to find correlations between indicators driving Nokian Renkaat's intrinsic value. More Info.Nokian Renkaat Oyj is currently regarded as top stock in return on equity category among its peers. It also is currently regarded as top stock in return on asset category among its peers . Comparative valuation analysis is a catch-all model that can be used if you cannot value Nokian Renkaat by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Nokian Renkaat's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Nokian Renkaat Oyj Systematic Risk
Nokian Renkaat's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Nokian Renkaat volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The function did not generate any output. Please change time horizon or modify your input parameters. The output start index for this execution was one with a total number of output elements of sixty. The Beta measures systematic risk based on how returns on Nokian Renkaat Oyj correlated with the market. If Beta is less than 0 Nokian Renkaat generally moves in the opposite direction as compared to the market. If Nokian Renkaat Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Nokian Renkaat Oyj is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Nokian Renkaat is generally in the same direction as the market. If Beta > 1 Nokian Renkaat moves generally in the same direction as, but more than the movement of the benchmark.
Nokian Renkaat January 7, 2025 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Nokian Renkaat help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Nokian Renkaat Oyj. We use our internally-developed statistical techniques to arrive at the intrinsic value of Nokian Renkaat Oyj based on widely used predictive technical indicators. In general, we focus on analyzing Nokian Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Nokian Renkaat's daily price indicators and compare them against related drivers.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 6.59 | |||
| Value At Risk | (2.51) | |||
| Potential Upside | 1.8 |
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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