Nokia Corp Stock Forecast - Expected Short fall
| NOK Stock | USD 3.45 0.12 3.60% |
Nokia Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Nokia Corp stock prices and determine the direction of Nokia Corp ADR's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Nokia Corp's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Nokia Corp's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Nokia Corp's systematic risk associated with finding meaningful patterns of Nokia Corp fundamentals over time.
Check out Historical Fundamental Analysis of Nokia Corp to cross-verify your projections. Nokia |
Open Interest Against 2024-04-19 Nokia Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Nokia Corp's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Nokia Corp's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Nokia Corp stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Nokia Corp's open interest, investors have to compare it to Nokia Corp's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Nokia Corp is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Nokia. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Nokia Corp cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Nokia Corp's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Nokia Corp's price structures and extracts relationships that further increase the generated results' accuracy.
| Check Nokia Corp Volatility | Backtest Nokia Corp | Information Ratio |
Nokia Corp Trading Date Momentum
| On April 19 2024 Nokia Corp ADR was traded for 3.45 at the closing time. Highest Nokia Corp's price during the trading hours was 3.45 and the lowest price during the day was 3.36 . There was no trading activity during the period 0.0. Lack of trading volume on the 19th of April did not cause price change. The trading delta at closing time to current price is 2.32% . |
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Other Forecasting Options for Nokia Corp
For every potential investor in Nokia, whether a beginner or expert, Nokia Corp's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Nokia Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Nokia. Basic forecasting techniques help filter out the noise by identifying Nokia Corp's price trends.Nokia Corp Related Equities
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 Nokia Corp stock to make a market-neutral strategy. Peer analysis of Nokia Corp could also be used in its relative valuation, which is a method of valuing Nokia Corp by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Nokia Corp ADR Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Nokia Corp's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Nokia Corp's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Nokia Corp Market Strength Events
Market strength indicators help investors to evaluate how Nokia Corp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Nokia Corp shares will generate the highest return on investment. By undertsting and applying Nokia Corp stock market strength indicators, traders can identify Nokia Corp ADR entry and exit signals to maximize returns.
Nokia Corp Risk Indicators
The analysis of Nokia Corp's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Nokia Corp's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting nokia stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.47 | |||
| Semi Deviation | 1.89 | |||
| Standard Deviation | 2.27 | |||
| Variance | 5.17 | |||
| Downside Variance | 4.34 | |||
| Semi Variance | 3.59 | |||
| Expected Short fall | (1.63) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of Nokia Corp to cross-verify your projections. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
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.
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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.