Nokia Oyj (France) Market Value
| NOKIA Stock | EUR 4.18 0.02 0.48% |
| Symbol | Nokia |
Nokia Oyj 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Nokia Oyj's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Nokia Oyj.
| 12/23/2022 |
| 12/12/2024 |
If you would invest 0.00 in Nokia Oyj on December 23, 2022 and sell it all today you would earn a total of 0.00 from holding Nokia Oyj or generate 0.0% return on investment in Nokia Oyj over 720 days. Nokia Oyj is related to or competes with Orange SA, Engie SA, Vallourec, and Getlink SE. Nokia Corporation engages in the network and technology businesses worldwide More
Nokia Oyj Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Nokia Oyj's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Nokia Oyj upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.54 | |||
| Information Ratio | 0.0351 | |||
| Maximum Drawdown | 14.09 | |||
| Value At Risk | (1.56) | |||
| Potential Upside | 2.27 |
Nokia Oyj Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nokia Oyj's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nokia Oyj's standard deviation. In reality, there are many statistical measures that can use Nokia Oyj historical prices to predict the future Nokia Oyj's volatility.| Risk Adjusted Performance | 0.0862 | |||
| Jensen Alpha | 0.1978 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.0371 | |||
| Treynor Ratio | (0.75) |
Nokia Oyj Backtested Returns
Currently, Nokia Oyj is slightly risky. Nokia Oyj has Sharpe Ratio of 0.11, which conveys that the firm had a 0.11% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Nokia Oyj, which you can use to evaluate the volatility of the firm. Please verify Nokia Oyj's Downside Deviation of 1.54, risk adjusted performance of 0.0862, and Mean Deviation of 0.9938 to check out if the risk estimate we provide is consistent with the expected return of 0.18%. Nokia Oyj has a performance score of 8 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.23, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nokia Oyj are expected to decrease at a much lower rate. During the bear market, Nokia Oyj is likely to outperform the market. Nokia Oyj right now secures a risk of 1.65%. Please verify Nokia Oyj downside variance, daily balance of power, and the relationship between the maximum drawdown and skewness , to decide if Nokia Oyj will be following its current price movements.
Auto-correlation | -0.87 |
Excellent reverse predictability
Nokia Oyj has excellent reverse predictability. Overlapping area represents the amount of predictability between Nokia Oyj time series from 23rd of December 2022 to 18th of December 2023 and 18th of December 2023 to 12th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Nokia Oyj price movement. The serial correlation of -0.87 indicates that approximately 87.0% of current Nokia Oyj price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.87 | |
| Spearman Rank Test | -0.86 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
Nokia Oyj lagged returns against current returns
Autocorrelation, which is Nokia Oyj stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Nokia Oyj's stock expected returns. We can calculate the autocorrelation of Nokia Oyj returns to help us make a trade decision. For example, suppose you find that Nokia Oyj has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Nokia Oyj regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Nokia Oyj stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nokia Oyj stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nokia Oyj stock over time.
Current vs Lagged Prices |
| Timeline |
Nokia Oyj Lagged Returns
When evaluating Nokia Oyj's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nokia Oyj stock have on its future price. Nokia Oyj autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Nokia Oyj autocorrelation shows the relationship between Nokia Oyj stock current value and its past values and can show if there is a momentum factor associated with investing in Nokia Oyj.
Regressed Prices |
| Timeline |
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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.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.