Nokia Corp Adr Stock Probability of Future Stock Price Finishing Under 0.04
| NOK Stock | USD 4.20 0.01 0.24% |
Nokia |
Nokia Corp Target Price Odds to finish below 0.04
The tendency of Nokia Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to $ 0.04 or more in 90 days |
| 4.20 | 90 days | 0.04 | near 1 |
Based on a normal probability distribution, the odds of Nokia Corp to drop to $ 0.04 or more in 90 days from now is near 1 (This Nokia Corp ADR probability density function shows the probability of Nokia Stock to fall within a particular range of prices over 90 days) . Probability of Nokia Corp ADR price to stay between $ 0.04 and its current price of $4.2 at the end of the 90-day period is about 16.98 .
Considering the 90-day investment horizon Nokia Corp has a beta of 0.41. This indicates as returns on the market go up, Nokia Corp average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Nokia Corp ADR will be expected to be much smaller as well. Additionally Nokia Corp ADR has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Nokia Corp Price Density |
| Price |
Predictive Modules for Nokia Corp
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nokia Corp ADR. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Nokia Corp Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Nokia Corp is not an exception. The market had few large corrections towards the Nokia Corp's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Nokia Corp ADR, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Nokia Corp within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.04 | |
β | Beta against Dow Jones | 0.41 | |
σ | Overall volatility | 0.21 | |
Ir | Information ratio | -0.05 |
Nokia Corp Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Nokia Corp for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Nokia Corp ADR can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Nokia Corp ADR generated a negative expected return over the last 90 days | |
| On 5th of November 2024 Nokia Corp paid $ 0.0324 per share dividend to its current shareholders | |
| Latest headline from finance.yahoo.com: Private 5G to Drive 63 percent CAGR in In-Building Wireless Market, Narrowing the Gap with DAS by 2029 |
Nokia Corp Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Nokia Stock often depends not only on the future outlook of the current and potential Nokia Corp's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Nokia Corp's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 5.6 B | |
| Cash And Short Term Investments | 8.2 B |
Nokia Corp Technical Analysis
Nokia Corp's future price can be derived by breaking down and analyzing its technical indicators over time. Nokia Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Nokia Corp ADR. In general, you should focus on analyzing Nokia Stock price patterns and their correlations with different microeconomic environments and drivers.
Nokia Corp Predictive Forecast Models
Nokia Corp's time-series forecasting models is one of many Nokia Corp's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Nokia Corp's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Nokia Corp ADR
Checking the ongoing alerts about Nokia Corp for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Nokia Corp ADR help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Nokia Corp ADR generated a negative expected return over the last 90 days | |
| On 5th of November 2024 Nokia Corp paid $ 0.0324 per share dividend to its current shareholders | |
| Latest headline from finance.yahoo.com: Private 5G to Drive 63 percent CAGR in In-Building Wireless Market, Narrowing the Gap with DAS by 2029 |
Check out Nokia Corp Backtesting, Nokia Corp Valuation, Nokia Corp Correlation, Nokia Corp Hype Analysis, Nokia Corp Volatility, Nokia Corp History as well as Nokia Corp Performance. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Is Communications Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nokia Corp. If investors know Nokia will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nokia Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.506 | Dividend Share 0.13 | Earnings Share 0.17 | Revenue Per Share 3.591 | Quarterly Revenue Growth (0.08) |
The market value of Nokia Corp ADR is measured differently than its book value, which is the value of Nokia that is recorded on the company's balance sheet. Investors also form their own opinion of Nokia Corp's value that differs from its market value or its book value, called intrinsic value, which is Nokia Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nokia Corp's market value can be influenced by many factors that don't directly affect Nokia Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Nokia Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nokia Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nokia Corp'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.