Nokian Renkaat (Germany) Price on December 18, 2024
NRE Stock | EUR 7.16 0.04 0.56% |
If you're considering investing in Nokian Stock, it is important to understand the factors that can impact its price. As of today, the current price of Nokian Renkaat stands at 7.16, as last reported on the 23rd of December, with the highest price reaching 7.16 and the lowest price hitting 7.16 during the day. Nokian Renkaat 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. Nokian Renkaat exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nokian Renkaat's Standard Deviation of 1.55, mean deviation of 1.2, and Risk Adjusted Performance of (0.11) to check out the risk estimate we provide.
Nokian Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Nokian |
Sharpe Ratio = -0.1284
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Estimated Market Risk
1.56 actual daily | 13 87% of assets are more volatile |
Expected Return
-0.2 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.13 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Nokian Renkaat is not performing at its full potential. However, 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 Nokian Renkaat by adding Nokian Renkaat to a well-diversified portfolio.
Nokian Renkaat Valuation on December 18, 2024
It is possible to determine the worth of Nokian Renkaat on a given historical date. On December 18, 2024 Nokian was worth 7.43 at the beginning of the trading date compared to the closed value of 7.43. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Nokian Renkaat stock. Still, in general, we apply an absolute valuation method to find Nokian Renkaat's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Nokian Renkaat where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Nokian Renkaat's related companies.
Open | High | Low | Close | Volume | |
7.52 | 7.52 | 7.44 | 7.44 | 5,700 | |
12/18/2024 | 7.43 | 7.43 | 7.43 | 7.43 | 5,700 |
7.20 | 7.20 | 7.20 | 7.20 | 5,700 |
Backtest Nokian Renkaat | | | Nokian Renkaat History | | | Nokian Renkaat Valuation | Previous | Next |
Nokian Renkaat Trading Date Momentum on December 18, 2024
On December 19 2024 Nokian Renkaat Oyj was traded for 7.20 at the closing time. The highest daily price throughout the period was 7.20 and the lowest price was 7.20 . The daily volume was 5.7 K. The net trading volume on 12/19/2024 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 3.10% . The trading delta at closing time to current closing price is 3.63% . |
Nokian Renkaat Oyj Fundamentals Correlations and Trends
By evaluating Nokian Renkaat's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Nokian Renkaat's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Nokian financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Nokian Renkaat Stock history
Nokian Renkaat investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Nokian is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Nokian Renkaat Oyj will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Nokian Renkaat stock prices may prove useful in developing a viable investing in Nokian Renkaat
Nokian Renkaat Oyj develops and manufactures tires in Finland, Sweden, Norway, Russia, the rest of Europe, North America, and internationally. The company was founded in 1898 and is headquartered in Nokia, Finland. NOKIAN RENKAAT operates under Rubber Plastics classification in Germany and is traded on Frankfurt Stock Exchange. It employs 4880 people.
Nokian Renkaat Stock Technical Analysis
Nokian Renkaat technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Nokian Renkaat Period Price Range
Low | December 23, 2024
| High |
0.00 | 0.00 |
Nokian Renkaat Oyj cannot be verified against its exchange. Please verify the symbol is currently traded on Frankfurt 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.
Nokian Renkaat December 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Nokian Renkaat stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Nokian Renkaat shares will generate the highest return on investment. By undertsting and applying Nokian Renkaat stock market strength indicators, traders can identify Nokian Renkaat Oyj entry and exit signals to maximize returns
Nokian Renkaat Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Nokian Renkaat's price direction in advance. Along with the technical and fundamental analysis of Nokian Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Nokian 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 | (0.11) | |||
Jensen Alpha | (0.24) | |||
Total Risk Alpha | (0.28) | |||
Treynor Ratio | (1.41) |
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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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