Nokia Corp Adr Stock Probability of Future Stock Price Finishing Under 7.29

NOK Stock  USD 3.57  0.03  0.83%   
Nokia Corp's implied volatility is one of the determining factors in the pricing options written on Nokia Corp ADR. Implied volatility approximates the future value of Nokia Corp based on the option's current value. Options with high implied volatility have higher premiums and can be used to hedge the downside of investing in Nokia Corp ADR over a specific time period. For example, 2024-03-28 CALL at $3.5 is a CALL option contract on Nokia Corp's common stock with a strick price of 3.5 expiring on 2024-03-28. The contract was last traded on 2024-03-27 at 15:35:56 for $0.07 and, as of today, has 0 days remaining before the expiration. The option is currently trading at a bid price of $0.06, and an ask price of $0.12. The implied volatility as of the 28th of March is 76.38. View All Nokia options

Closest to current price Nokia long CALL Option Payoff at Expiration

Nokia Corp's future price is the expected price of Nokia Corp instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of Nokia Corp ADR performance during a given time horizon utilizing its historical volatility. Check out Nokia Corp Backtesting, Nokia Corp Valuation, Nokia Corp Correlation, Nokia Corp Hype Analysis, Nokia Corp Volatility, Nokia Corp History as well as Nokia Corp Performance.
  
The value of Price Earnings Ratio is estimated to slide to 24.53. The value of Price To Sales Ratio is estimated to slide to 0.73. Please specify Nokia Corp's target price for which you would like Nokia Corp odds to be computed.

Nokia Corp Target Price Odds to finish below 7.29

The tendency of Nokia Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
Current PriceHorizonTarget PriceOdds to stay under $ 7.29  after 90 days
 3.57 90 days 7.29 
close to 99
Based on a normal probability distribution, the odds of Nokia Corp to stay under $ 7.29  after 90 days from now is close to 99 (This Nokia Corp ADR probability density function shows the probability of Nokia Stock to fall within a particular range of prices over 90 days) . Probability of Nokia Corp ADR price to stay between its current price of $ 3.57  and $ 7.29  at the end of the 90-day period is about 36.94 .
Considering the 90-day investment horizon the stock has the beta coefficient of 1.56 . This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Nokia Corp will likely underperform. Additionally Nokia Corp ADR has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
   Nokia Corp Price Density   
       Price  

Predictive Modules for Nokia Corp

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nokia Corp ADR. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nokia Corp's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
1.343.615.88
Details
Intrinsic
Valuation
LowRealHigh
2.084.356.62
Details
Naive
Forecast
LowNextHigh
1.193.465.72
Details
11 Analysts
Consensus
LowTargetHigh
4.645.105.66
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Nokia Corp. Your research has to be compared to or analyzed against Nokia Corp's peers to derive any actionable benefits. When done correctly, Nokia Corp's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Nokia Corp ADR.

Nokia Corp Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Nokia Corp is not an exception. The market had few large corrections towards the Nokia Corp's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Nokia Corp ADR, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Nokia Corp within the framework of very fundamental risk indicators.
α
Alpha over NYSE Composite
-0.02
β
Beta against NYSE Composite1.56
σ
Overall volatility
0.12
Ir
Information ratio 0.02

Nokia Corp Alerts and Suggestions

In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Nokia Corp for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Nokia Corp ADR can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
On 13th of February 2024 Nokia Corp paid $ 0.0326 per share dividend to its current shareholders
Latest headline from finance.yahoo.com: Nokia Gains As Market Dips What You Should Know

Nokia Corp Price Density Drivers

Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Nokia Stock often depends not only on the future outlook of the current and potential Nokia Corp's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Nokia Corp's indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding5.6 B
Cash And Short Term Investments7.8 B

Nokia Corp Technical Analysis

Nokia Corp's future price can be derived by breaking down and analyzing its technical indicators over time. Nokia Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Nokia Corp ADR. In general, you should focus on analyzing Nokia Stock price patterns and their correlations with different microeconomic environments and drivers.

Nokia Corp Predictive Forecast Models

Nokia Corp's time-series forecasting models is one of many Nokia Corp's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Nokia Corp's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.

Things to note about Nokia Corp ADR

Checking the ongoing alerts about Nokia Corp for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Nokia Corp ADR help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
On 13th of February 2024 Nokia Corp paid $ 0.0326 per share dividend to its current shareholders
Latest headline from finance.yahoo.com: Nokia Gains As Market Dips What You Should Know
When determining whether Nokia Corp ADR is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Nokia Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Nokia Corp Adr Stock. Highlighted below are key reports to facilitate an investment decision about Nokia Corp Adr Stock:

Complementary Tools for Nokia Stock analysis

When running Nokia Corp's price analysis, check to measure Nokia Corp'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 Corp is operating at the current time. Most of Nokia Corp's value examination focuses on studying past and present price action to predict the probability of Nokia Corp'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 Corp's price. Additionally, you may evaluate how the addition of Nokia Corp to your portfolios can decrease your overall portfolio volatility.
Financial Widgets
Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets
Risk-Return Analysis
View associations between returns expected from investment and the risk you assume
Portfolio Analyzer
Portfolio analysis module that provides access to portfolio diagnostics and optimization engine
Portfolio Dashboard
Portfolio dashboard that provides centralized access to all your investments
Sectors
List of equity sectors categorizing publicly traded companies based on their primary business activities
Portfolio Backtesting
Avoid under-diversification and over-optimization by backtesting your portfolios
Companies Directory
Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals
Odds Of Bankruptcy
Get analysis of equity chance of financial distress in the next 2 years
CEOs Directory
Screen CEOs from public companies around the world
Headlines Timeline
Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity
Bollinger Bands
Use Bollinger Bands indicator to analyze target price for a given investing horizon
Is Nokia Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nokia Corp. If investors know Nokia will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nokia Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.72)
Dividend Share
0.13
Revenue Per Share
4.011
Quarterly Revenue Growth
(0.23)
Return On Assets
0.0307
The market value of Nokia Corp ADR is measured differently than its book value, which is the value of Nokia that is recorded on the company's balance sheet. Investors also form their own opinion of Nokia Corp's value that differs from its market value or its book value, called intrinsic value, which is Nokia Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nokia Corp's market value can be influenced by many factors that don't directly affect Nokia Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Nokia Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nokia Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nokia Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.