Nokia Oyj (Czech Republic) Price on August 12, 2024
If you're considering investing in Nokia Stock, it is important to understand the factors that can impact its price. Nokia Oyj appears to be very steady, given 3 months investment horizon. Nokia Oyj has Sharpe Ratio of 0.13, which conveys that the firm had a 0.13 % return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Nokia Oyj, which you can use to evaluate the volatility of the firm. Please exercise Nokia Oyj's Mean Deviation of 1.35, risk adjusted performance of 0.1215, and Downside Deviation of 1.8 to check out if our risk estimates are consistent with your expectations.
Nokia Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Nokia |
Sharpe Ratio = 0.1348
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | NOKIA | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 2.03 actual daily | 18 82% of assets are more volatile |
Expected Return
| 0.27 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 10 90% of assets perform better |
Based on monthly moving average Nokia Oyj is performing at about 10% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Nokia Oyj by adding it to a well-diversified portfolio.
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
| ZLAB | Zai Lab | |
| ASLE | AerSale Corp | |
| ATS | AT S Austria |
Price Boundaries
Nokia Oyj Period Price Range
Low | March 30, 2025
| High |
0.00 | 0.00 |
Nokia Oyj cannot be verified against its exchange. Please verify the symbol is currently traded on Prague Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Nokia Oyj March 30, 2025 Market Strength
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
Nokia Oyj Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Nokia Oyj's price direction in advance. Along with the technical and fundamental analysis of Nokia Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Nokia to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1215 | |||
| Jensen Alpha | 0.2752 | |||
| Total Risk Alpha | 0.3911 | |||
| Sortino Ratio | 0.1767 | |||
| Treynor Ratio | 1.25 |
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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.