Nokian Tyres Plc Stock Today
| NKRKY Stock | USD 4.55 0.12 2.71% |
Performance3 of 100
| Odds Of DistressLess than 15
|
Nokian Tyres is trading at 4.55 as of the 14th of May 2024; that is 2.71 percent increase since the beginning of the trading day. The stock's open price was 4.43. Nokian Tyres has less than a 15 % chance of experiencing some financial distress in the next two years of operation, but did not have a good performance during the last 90 trading days. Equity ratings for Nokian Tyres Plc are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 14th of April 2024 and ending today, the 14th of May 2024. Click here to learn more.
Nokian Renkaat Oyj develops and manufactures tires in Finland, Nordics, Russia, the rest of Europe, Asia, the Americas, and internationally. Nokian Renkaat Oyj was founded in 1898 and is headquartered in Nokia, Finland. Nokian Tyres operates under Auto Parts classification in the United States and is traded on OTC Exchange. The company has 276.5 M outstanding shares. More on Nokian Tyres Plc
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Follow Valuation Odds of Bankruptcy
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Nokian Pink Sheet Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Nokian Tyres' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Nokian Tyres or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| President | Manu Salmi |
| Business Concentration | Auto Parts, Consumer Cyclical (View all Sectors) |
Nokian Tyres Plc [NKRKY] is a Pink Sheet which is traded between brokers as part of OTC trading. The company currently falls under 'Mid-Cap' category with a current market capitalization of 1.37 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Nokian Tyres's market, we take the total number of its shares issued and multiply it by Nokian Tyres's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Nokian Tyres Plc classifies itself under Consumer Cyclical sector and is part of Auto Parts industry. The entity has 276.5 M outstanding shares.
Nokian Tyres Plc has accumulated about 219.5 M in cash with 396.5 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.79.
Check Nokian Tyres Probability Of Bankruptcy
Nokian Stock Price Odds Analysis
Based on a normal probability distribution, the odds of Nokian Tyres jumping above the current price in 90 days from now is about 40.13%. The Nokian Tyres Plc probability density function shows the probability of Nokian Tyres pink sheet to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Nokian Tyres Plc has a beta of -0.0259. This indicates as returns on the benchmark increase, returns on holding Nokian Tyres are expected to decrease at a much lower rate. During a bear market, however, Nokian Tyres Plc is likely to outperform the market. Additionally, nokian Tyres Plc has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Nokian Tyres to move above the current price in 90 days from now is about 40.13 (This Nokian Tyres Plc probability density function shows the probability of Nokian Pink Sheet to fall within a particular range of prices over 90 days) .
Nokian Tyres Plc Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Nokian Tyres market risk premium is the additional return an investor will receive from holding Nokian Tyres long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Nokian Tyres. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Nokian Tyres' alpha and beta are two of the key measurements used to evaluate Nokian Tyres' performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 1.72 | |||
| Standard Deviation | 2.44 | |||
| Variance | 5.95 | |||
| Risk Adjusted Performance | 0.0022 |
Nokian Stock Against Markets
Picking the right benchmark for Nokian Tyres pink sheet is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Nokian Tyres pink sheet price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Nokian Tyres is critical whether you are bullish or bearish towards Nokian Tyres Plc at a given time. Please also check how Nokian Tyres' historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Nokian Tyres without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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| All Next | Launch Module |
Nokian Tyres Corporate Management
Elected by the shareholders, the Nokian Tyres' board of directors comprises two types of representatives: Nokian Tyres inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Nokian. The board's role is to monitor Nokian Tyres' management team and ensure that shareholders' interests are well served. Nokian Tyres' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Nokian Tyres' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Reija MSc | Head Marketing | Profile | |
| Jaana Klinga | Sec Counsel | Profile | |
| Mitsuhira Shimazaki | Director Sales | Profile | |
| Peter Chia | Plant Director | Profile | |
| MSc MSc | Chief Officer | Profile | |
| Paivi MA | Investor Communications | Profile |
How to buy Nokian Pink Sheet?
Before investing in Nokian Tyres, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Nokian Tyres. To buy Nokian Tyres stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Nokian Tyres. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Nokian Tyres stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Nokian Tyres Plc stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Nokian Tyres Plc stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Nokian Tyres Plc, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Nokian Tyres Plc?
The danger of trading Nokian Tyres Plc is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Nokian Tyres is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Nokian Tyres. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Nokian Tyres Plc is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nokian Tyres Plc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Complementary Tools for Nokian Pink Sheet analysis
When running Nokian Tyres' price analysis, check to measure Nokian Tyres' 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 Tyres is operating at the current time. Most of Nokian Tyres' value examination focuses on studying past and present price action to predict the probability of Nokian Tyres' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nokian Tyres' price. Additionally, you may evaluate how the addition of Nokian Tyres to your portfolios can decrease your overall portfolio volatility.
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