Nokian Renkaat (Germany) Performance
| NRE Stock | EUR 7.16 0.04 0.56% |
The company secures a Beta (Market Risk) of 0.17, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nokian Renkaat's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nokian Renkaat is expected to be smaller as well. At this point, Nokian Renkaat Oyj has a negative expected return of -0.21%. Please make sure to verify Nokian Renkaat's skewness, day median price, and the relationship between the treynor ratio and daily balance of power , to decide if Nokian Renkaat Oyj performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Over the last 90 days Nokian Renkaat Oyj has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fragile performance in the last few months, the Stock's basic indicators remain nearly stable which may send shares a bit higher in January 2025. The current disturbance may also be a sign of long-run up-swing for the company stockholders. ...more
| Begin Period Cash Flow | 504.2 M | |
| Total Cashflows From Investing Activities | -118.7 M | |
| Free Cash Flow | 276.9 M |
Nokian |
Nokian Renkaat Relative Risk vs. Return Landscape
If you would invest 828.00 in Nokian Renkaat Oyj on September 23, 2024 and sell it today you would lose (112.00) from holding Nokian Renkaat Oyj or give up 13.53% of portfolio value over 90 days. Nokian Renkaat Oyj is currently producing negative expected returns and takes up 1.5478% volatility of returns over 90 trading days. Put another way, 13% of traded stocks are less volatile than Nokian, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Nokian Renkaat Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nokian Renkaat's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Nokian Renkaat Oyj, and traders can use it to determine the average amount a Nokian Renkaat's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.1344
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Estimated Market Risk
| 1.55 actual daily | 13 87% of assets are more volatile |
Expected Return
| -0.21 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 Fundamentals Growth
Nokian Stock prices reflect investors' perceptions of the future prospects and financial health of Nokian Renkaat, and Nokian Renkaat fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Nokian Stock performance.
| Return On Equity | -0.11 | |||
| Return On Asset | 0.0508 | |||
| Profit Margin | (0.1) % | |||
| Operating Margin | 0.11 % | |||
| Current Valuation | 1.79 B | |||
| Shares Outstanding | 138.25 M | |||
| Price To Earning | 8.40 X | |||
| Price To Book | 0.83 X | |||
| Price To Sales | 0.73 X | |||
| Revenue | 1.71 B | |||
| EBITDA | 423.3 M | |||
| Cash And Equivalents | 109.3 M | |||
| Cash Per Share | 0.79 X | |||
| Total Debt | 128.4 M | |||
| Debt To Equity | 22.40 % | |||
| Book Value Per Share | 10.37 X | |||
| Cash Flow From Operations | 396.5 M | |||
| Earnings Per Share | (0.90) X | |||
| Total Asset | 2.38 B | |||
About Nokian Renkaat Performance
By analyzing Nokian Renkaat's fundamental ratios, stakeholders can gain valuable insights into Nokian Renkaat's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Nokian Renkaat has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Nokian Renkaat has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
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.Things to note about Nokian Renkaat Oyj performance evaluation
Checking the ongoing alerts about Nokian Renkaat for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Nokian Renkaat Oyj help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Nokian Renkaat Oyj generated a negative expected return over the last 90 days | |
| About 12.0% of the company outstanding shares are owned by corporate insiders |
- Analyzing Nokian Renkaat's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Nokian Renkaat's stock is overvalued or undervalued compared to its peers.
- Examining Nokian Renkaat's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Nokian Renkaat's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Nokian Renkaat's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Nokian Renkaat's stock. These opinions can provide insight into Nokian Renkaat's potential for growth and whether the stock is currently undervalued or overvalued.
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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