Nokia (Mexico) Market Value
| NOKN Stock | MXN 95.00 4.99 5.54% |
| Symbol | Nokia |
Nokia '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'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.
| 11/23/2024 |
| 12/23/2024 |
If you would invest 0.00 in Nokia on November 23, 2024 and sell it all today you would earn a total of 0.00 from holding Nokia or generate 0.0% return on investment in Nokia over 30 days. Nokia is related to or competes with Cisco Systems, UTStarcom Holdings, Capital One, Monster Beverage, ATT, and Honeywell International. Nokia Corporation provides mobile and fixed network solutions worldwide More
Nokia 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'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 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.82 | |||
| Information Ratio | 0.0552 | |||
| Maximum Drawdown | 13.82 | |||
| Value At Risk | (6.12) | |||
| Potential Upside | 5.54 |
Nokia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nokia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nokia's standard deviation. In reality, there are many statistical measures that can use Nokia historical prices to predict the future Nokia's volatility.| Risk Adjusted Performance | 0.0601 | |||
| Jensen Alpha | 0.173 | |||
| Total Risk Alpha | 0.0977 | |||
| Sortino Ratio | 0.0318 | |||
| Treynor Ratio | 1.69 |
Nokia Backtested Returns
Nokia appears to be very steady, given 3 months investment horizon. Nokia has Sharpe Ratio of 0.12, which conveys that the firm had a 0.12% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Nokia, which you can use to evaluate the volatility of the firm. Please exercise Nokia's Mean Deviation of 1.53, downside deviation of 4.82, and Risk Adjusted Performance of 0.0601 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Nokia holds a performance score of 9. The company secures a Beta (Market Risk) of 0.1, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nokia's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nokia is expected to be smaller as well. Please check Nokia's information ratio, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Nokia's current price movements will revert.
Auto-correlation | 0.06 |
Virtually no predictability
Nokia has virtually no predictability. Overlapping area represents the amount of predictability between Nokia time series from 23rd of November 2024 to 8th of December 2024 and 8th of December 2024 to 23rd 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 price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Nokia price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 12.16 |
Nokia lagged returns against current returns
Autocorrelation, which is Nokia 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's stock expected returns. We can calculate the autocorrelation of Nokia returns to help us make a trade decision. For example, suppose you find that Nokia 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 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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nokia stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nokia stock over time.
Current vs Lagged Prices |
| Timeline |
Nokia Lagged Returns
When evaluating Nokia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nokia stock have on its future price. Nokia 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 autocorrelation shows the relationship between Nokia stock current value and its past values and can show if there is a momentum factor associated with investing in Nokia.
Regressed Prices |
| Timeline |
Also Currently Popular
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's price analysis, check to measure Nokia'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 is operating at the current time. Most of Nokia's value examination focuses on studying past and present price action to predict the probability of Nokia'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's price. Additionally, you may evaluate how the addition of Nokia to your portfolios can decrease your overall portfolio volatility.