Nokia Oyj Stock Forecast - Daily Balance Of Power
| NOKIA Stock | CZK 101.00 1.00 1.00% |
Nokia Stock Forecast is based on your current time horizon.
Nokia |
| Check Nokia Oyj Volatility | Backtest Nokia Oyj | Trend Details |
Nokia Oyj Trading Date Momentum
| On December 04 2024 Nokia Oyj was traded for 100.00 at the closing time. The highest price during the trading period was 100.00 and the lowest recorded bid was listed for 100.00 . The volume for the day was 500. This history from December 4, 2024 contributed to the next trading day price gain. The trading delta at closing time to the next closing price was 0.39% . The trading delta at closing time to the current price is 1.40% . |
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
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Other Forecasting Options for Nokia Oyj
For every potential investor in Nokia, whether a beginner or expert, Nokia Oyj's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Nokia Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Nokia. Basic forecasting techniques help filter out the noise by identifying Nokia Oyj's price trends.Nokia Oyj Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Nokia Oyj stock to make a market-neutral strategy. Peer analysis of Nokia Oyj could also be used in its relative valuation, which is a method of valuing Nokia Oyj by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Nokia Oyj Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Nokia Oyj's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Nokia Oyj's current price.| Cycle Indicators | ||
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Nokia Oyj Market Strength Events
Market strength indicators help investors to evaluate how Nokia Oyj stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Nokia Oyj shares will generate the highest return on investment. By undertsting and applying Nokia Oyj stock market strength indicators, traders can identify Nokia Oyj entry and exit signals to maximize returns.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 101.0 | |||
| Day Typical Price | 101.0 | |||
| Price Action Indicator | 0.5 | |||
| Period Momentum Indicator | 1.0 | |||
| Relative Strength Index | 39.46 |
Nokia Oyj Risk Indicators
The analysis of Nokia Oyj's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Nokia Oyj's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting nokia stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.03 | |||
| Semi Deviation | 1.27 | |||
| Standard Deviation | 1.65 | |||
| Variance | 2.72 | |||
| Downside Variance | 4.19 | |||
| Semi Variance | 1.62 | |||
| Expected Short fall | (1.67) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Pair Trading with Nokia Oyj
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Nokia Oyj position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Nokia Oyj will appreciate offsetting losses from the drop in the long position's value.Moving against Nokia Stock
The ability to find closely correlated positions to Nokia Oyj could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nokia Oyj when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Nokia Oyj - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Nokia Oyj to buy it.
The correlation of Nokia Oyj is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Nokia Oyj moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nokia Oyj moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Nokia Oyj can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.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.