Nokian Renkaat (Finland) Market Value
| TYRES Stock | 7.72 0.43 5.90% |
| Symbol | Nokian |
Nokian Renkaat 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Nokian Renkaat's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Nokian Renkaat.
| 04/23/2025 |
| 07/22/2025 |
If you would invest 0.00 in Nokian Renkaat on April 23, 2025 and sell it all today you would earn a total of 0.00 from holding Nokian Renkaat Oyj or generate 0.0% return on investment in Nokian Renkaat over 90 days. Nokian Renkaat is related to or competes with Fortum Oyj, Sampo Oyj, Nordea Bank, Wartsila Oyj, and UPM Kymmene. More
Nokian Renkaat Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Nokian Renkaat's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Nokian Renkaat Oyj upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.44 | |||
| Information Ratio | 0.0901 | |||
| Maximum Drawdown | 12.35 | |||
| Value At Risk | (2.13) | |||
| Potential Upside | 2.82 |
Nokian Renkaat Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nokian Renkaat's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nokian Renkaat's standard deviation. In reality, there are many statistical measures that can use Nokian Renkaat historical prices to predict the future Nokian Renkaat's volatility.| Risk Adjusted Performance | 0.1447 | |||
| Jensen Alpha | 0.3401 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | 0.0922 | |||
| Treynor Ratio | 2.4 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nokian Renkaat'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.
Nokian Renkaat Oyj Backtested Returns
Nokian Renkaat appears to be somewhat reliable, given 3 months investment horizon. Nokian Renkaat Oyj has Sharpe Ratio of 0.12, which conveys that the firm had a 0.12 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Nokian Renkaat, which you can use to evaluate the volatility of the firm. Please exercise Nokian Renkaat's Risk Adjusted Performance of 0.1447, downside deviation of 2.44, and Mean Deviation of 1.52 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Nokian Renkaat holds a performance score of 9. The company secures a Beta (Market Risk) of 0.15, 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. Please check Nokian Renkaat's expected short fall, and the relationship between the maximum drawdown and rate of daily change , to make a quick decision on whether Nokian Renkaat's current price movements will revert.
Auto-correlation | -0.22 |
Weak reverse predictability
Nokian Renkaat Oyj has weak reverse predictability. Overlapping area represents the amount of predictability between Nokian Renkaat time series from 23rd of April 2025 to 7th of June 2025 and 7th of June 2025 to 22nd of July 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Nokian Renkaat Oyj price movement. The serial correlation of -0.22 indicates that over 22.0% of current Nokian Renkaat price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
Nokian Renkaat Oyj lagged returns against current returns
Autocorrelation, which is Nokian Renkaat stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Nokian Renkaat's stock expected returns. We can calculate the autocorrelation of Nokian Renkaat returns to help us make a trade decision. For example, suppose you find that Nokian Renkaat has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Nokian Renkaat regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Nokian Renkaat stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nokian Renkaat stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nokian Renkaat stock over time.
Current vs Lagged Prices |
| Timeline |
Nokian Renkaat Lagged Returns
When evaluating Nokian Renkaat's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nokian Renkaat stock have on its future price. Nokian Renkaat autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Nokian Renkaat autocorrelation shows the relationship between Nokian Renkaat stock current value and its past values and can show if there is a momentum factor associated with investing in Nokian Renkaat Oyj.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Nokian Stock
Nokian Renkaat financial ratios help investors to determine whether Nokian Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Nokian with respect to the benefits of owning Nokian Renkaat security.