Nokian Renkaat Oyj 2023 Q4 - Results - Earnings Call Presentation - Seeking Alpha
| NRE Stock | EUR 7.56 0.04 0.53% |
Roughly 62% of Nokian Renkaat's investor base is looking to short. The analysis of current outlook of investing in Nokian Renkaat Oyj suggests that many traders are alarmed regarding Nokian Renkaat's prospects. The current market sentiment, together with Nokian Renkaat's historical and current headlines, can help investors time the market. In addition, many technical investors use Nokian Renkaat Oyj stock news signals to limit their universe of possible portfolio assets.
Nokian Renkaat stock news, alerts, and headlines are usually related to its technical, predictive, social, and fundamental indicators. It can reflect on the current distribution of Nokian daily returns and investor perception about the current price of Nokian Renkaat Oyj as well as its diversification or hedging effects on your existing portfolios.
Nokian |
Nokian Renkaat Oyj 2023 Q4 - Results - Earnings Call Presentation Seeking Alpha
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Nokian Renkaat Fundamental Analysis
We analyze Nokian Renkaat's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Nokian Renkaat using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Nokian Renkaat based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
EBITDA
EBITDA Comparative Analysis
Nokian Renkaat is currently under evaluation in ebitda category among its peers. EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
Nokian Renkaat Oyj Potential Pair-trading
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 Nokian Renkaat stock to make a market-neutral strategy. Peer analysis of Nokian Renkaat could also be used in its relative valuation, which is a method of valuing Nokian Renkaat by comparing valuation metrics with similar companies.
Peers
Nokian Renkaat Related Equities
| HDI | HOME DEPOT | 0.46 | ||||
| 0NH | Nomad Foods | 0.64 | ||||
| UFH | US FOODS | 0.75 | ||||
| XSFA | SENECA FOODS | 1.47 | ||||
| CM2 | CAL MAINE | 1.97 | ||||
| 1NN | Neinor Homes | 2.03 | ||||
| A41 | ADDUS HOMECARE | 5.47 |
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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