Nokia Oyj (Czech Republic) Probability of Future Stock Price Finishing Over 86.31

NOKIA Stock  CZK 104.48  3.48  3.45%   
Nokia Oyj's future price is the expected price of Nokia Oyj instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of Nokia Oyj performance during a given time horizon utilizing its historical volatility. Check out Nokia Oyj Backtesting, Nokia Oyj Valuation, Nokia Oyj Correlation, Nokia Oyj Hype Analysis, Nokia Oyj Volatility, Nokia Oyj History as well as Nokia Oyj Performance.
  
Please specify Nokia Oyj's target price for which you would like Nokia Oyj odds to be computed.

Nokia Oyj Target Price Odds to finish over 86.31

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 PriceHorizonTarget PriceOdds to stay above  86.31  in 90 days
 104.48 90 days 86.31 
close to 99
Based on a normal probability distribution, the odds of Nokia Oyj to stay above  86.31  in 90 days from now is close to 99 (This Nokia Oyj probability density function shows the probability of Nokia Stock to fall within a particular range of prices over 90 days) . Probability of Nokia Oyj price to stay between  86.31  and its current price of 104.48 at the end of the 90-day period is about 71.99 .
Assuming the 90 days trading horizon Nokia Oyj has a beta of -0.34. This indicates as returns on the benchmark increase, returns on holding Nokia Oyj are expected to decrease at a much lower rate. During a bear market, however, Nokia Oyj is likely to outperform the market. Additionally Nokia Oyj has an alpha of 0.2033, implying that it can generate a 0.2 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta).
   Nokia Oyj Price Density   
       Price  

Predictive Modules for Nokia Oyj

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 Oyj. 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.
Hype
Prediction
LowEstimatedHigh
102.78104.48106.18
Details
Intrinsic
Valuation
LowRealHigh
85.2286.92114.93
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Nokia Oyj. Your research has to be compared to or analyzed against Nokia Oyj's peers to derive any actionable benefits. When done correctly, Nokia Oyj'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 Oyj.

Nokia Oyj Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Nokia Oyj is not an exception. The market had few large corrections towards the Nokia Oyj'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 Oyj, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Nokia Oyj within the framework of very fundamental risk indicators.
α
Alpha over Dow Jones
0.20
β
Beta against Dow Jones-0.34
σ
Overall volatility
5.06
Ir
Information ratio 0.05

Nokia Oyj 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 Oyj for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Nokia Oyj can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
The company reported the revenue of 22.02 B. Net Loss for the year was (2.15 B) with profit before overhead, payroll, taxes, and interest of 8.59 B.

Nokia Oyj 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 Oyj'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 Oyj's indicators that are reflective of the short sentiment are summarized in the table below.
Float Shares4.64B
Average Daily Volume Last 10 Day895
Average Daily Volume In Three Month1.37k

Nokia Oyj Technical Analysis

Nokia Oyj'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 Oyj. In general, you should focus on analyzing Nokia Stock price patterns and their correlations with different microeconomic environments and drivers.

Nokia Oyj Predictive Forecast Models

Nokia Oyj's time-series forecasting models is one of many Nokia Oyj'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 Oyj'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 Oyj

Checking the ongoing alerts about Nokia Oyj for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Nokia Oyj help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
The company reported the revenue of 22.02 B. Net Loss for the year was (2.15 B) with profit before overhead, payroll, taxes, and interest of 8.59 B.

Additional Tools for Nokia Stock Analysis

When running Nokia Oyj's price analysis, check to measure Nokia Oyj'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 Nokia Oyj is operating at the current time. Most of Nokia Oyj's value examination focuses on studying past and present price action to predict the probability of Nokia Oyj's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nokia Oyj's price. Additionally, you may evaluate how the addition of Nokia Oyj to your portfolios can decrease your overall portfolio volatility.