Nokia Stock Performance
| NOKBF Stock | USD 3.32 0.01 0.30% |
The company secures a Beta (Market Risk) of 0.84, which conveys possible diversification benefits within a given portfolio. 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. Nokia has an expected return of -0.0245%. Please make sure to verify Nokia skewness, and the relationship between the treynor ratio and rate of daily change , to decide if Nokia performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Very Weak
Over the last 90 days Nokia has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable fundamental drivers, Nokia is not utilizing all of its potentials. The current stock price disturbance, may contribute to mid-run losses for the stockholders. ...more
| Begin Period Cash Flow | 6.7 B |
Nokia |
Nokia Relative Risk vs. Return Landscape
If you would invest 340.00 in Nokia on January 18, 2024 and sell it today you would lose (9.00) from holding Nokia or give up 2.65% of portfolio value over 90 days. Nokia is currently producing negative expected returns and takes up 1.9349% volatility of returns over 90 trading days. Put another way, 17% of traded pink sheets are less volatile than Nokia, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Nokia Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nokia's investment risk. Standard deviation is the most common way to measure market volatility of pink sheets, such as Nokia, and traders can use it to determine the average amount a Nokia'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 = -0.0127
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| Negative Returns | NOKBF |
Estimated Market Risk
| 1.93 actual daily | 17 83% of assets are more volatile |
Expected Return
| -0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Nokia 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 Nokia by adding Nokia to a well-diversified portfolio.
Nokia Fundamentals Growth
Nokia Pink Sheet prices reflect investors' perceptions of the future prospects and financial health of Nokia, and Nokia 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 Nokia Pink Sheet performance.
| Return On Equity | 0.22 | |||
| Return On Asset | 0.0402 | |||
| Profit Margin | 0.17 % | |||
| Operating Margin | 0.11 % | |||
| Current Valuation | 23.72 B | |||
| Shares Outstanding | 5.59 B | |||
| Price To Earning | 14.50 X | |||
| Price To Book | 1.35 X | |||
| Price To Sales | 1.12 X | |||
| Revenue | 24.91 B | |||
| EBITDA | 3.46 B | |||
| Cash And Equivalents | 9.54 B | |||
| Cash Per Share | 1.70 X | |||
| Total Debt | 4.25 B | |||
| Debt To Equity | 0.29 % | |||
| Book Value Per Share | 3.82 X | |||
| Cash Flow From Operations | 1.47 B | |||
| Earnings Per Share | 0.82 X | |||
| Total Asset | 42.94 B | |||
| Retained Earnings | 2.95 B | |||
| Current Asset | 20.4 B | |||
| Current Liabilities | 12.52 B | |||
About Nokia Performance
To evaluate Nokia Pink Sheet as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Nokia generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Nokia Pink Sheet's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Nokia market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Nokia's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.Nokia Oyj provides mobile, fixed, and cloud network solutions worldwide. Nokia Oyj was founded in 1865 and is headquartered in Espoo, Finland. Nokia Ab operates under Communication Equipment classification in the United States and is traded on OTC Exchange. It employs 87927 people.Things to note about Nokia performance evaluation
Checking the ongoing alerts about Nokia for important developments is a great way to find new opportunities for your next move. Pink Sheet alerts and notifications screener for Nokia help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Nokia generated a negative expected return over the last 90 days |
- Analyzing Nokia'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 Nokia's stock is overvalued or undervalued compared to its peers.
- Examining Nokia'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 Nokia's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Nokia's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Nokia's pink sheet. These opinions can provide insight into Nokia's potential for growth and whether the stock is currently undervalued or overvalued.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nokia. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. Note that the Nokia information on this page should be used as a complementary analysis to other Nokia's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Complementary Tools for Nokia Pink Sheet 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.
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