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ERIC vs. NOK
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Financials

Correlation

The correlation between ERIC and NOK is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


-0.50.00.51.00.6

Performance

ERIC vs. NOK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Telefonaktiebolaget LM Ericsson (publ) (ERIC) and Nokia Corporation (NOK). The values are adjusted to include any dividend payments, if applicable.

0.00%200.00%400.00%600.00%800.00%JulyAugustSeptemberOctoberNovemberDecember
99.78%
633.44%
ERIC
NOK

Key characteristics

Sharpe Ratio

ERIC:

1.33

NOK:

1.32

Sortino Ratio

ERIC:

2.03

NOK:

2.06

Omega Ratio

ERIC:

1.25

NOK:

1.27

Calmar Ratio

ERIC:

0.41

NOK:

0.46

Martin Ratio

ERIC:

4.37

NOK:

6.33

Ulcer Index

ERIC:

8.79%

NOK:

6.54%

Daily Std Dev

ERIC:

28.83%

NOK:

31.28%

Max Drawdown

ERIC:

-98.60%

NOK:

-95.97%

Current Drawdown

ERIC:

-88.64%

NOK:

-85.32%

Fundamentals

Market Cap

ERIC:

$27.48B

NOK:

$24.15B

EPS

ERIC:

-$0.04

NOK:

$0.17

PEG Ratio

ERIC:

3.53

NOK:

0.51

Total Revenue (TTM)

ERIC:

$246.85B

NOK:

$19.17B

Gross Profit (TTM)

ERIC:

$106.81B

NOK:

$10.82B

EBITDA (TTM)

ERIC:

$43.67B

NOK:

$2.38B

Returns By Period

The year-to-date returns for both investments are quite close, with ERIC having a 33.31% return and NOK slightly higher at 34.35%. Over the past 10 years, ERIC has outperformed NOK with an annualized return of -1.34%, while NOK has yielded a comparatively lower -3.31% annualized return.


ERIC

YTD

33.31%

1M

0.88%

6M

37.63%

1Y

36.34%

5Y*

1.46%

10Y*

-1.34%

NOK

YTD

34.35%

1M

4.24%

6M

22.27%

1Y

40.09%

5Y*

6.22%

10Y*

-3.31%

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Risk-Adjusted Performance

ERIC vs. NOK - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Telefonaktiebolaget LM Ericsson (publ) (ERIC) and Nokia Corporation (NOK). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


Sharpe ratio
The chart of Sharpe ratio for ERIC, currently valued at 1.33, compared to the broader market-4.00-2.000.002.001.331.32
The chart of Sortino ratio for ERIC, currently valued at 2.03, compared to the broader market-4.00-2.000.002.004.002.032.06
The chart of Omega ratio for ERIC, currently valued at 1.25, compared to the broader market0.501.001.502.001.251.27
The chart of Calmar ratio for ERIC, currently valued at 0.41, compared to the broader market0.002.004.006.000.410.46
The chart of Martin ratio for ERIC, currently valued at 4.37, compared to the broader market-5.000.005.0010.0015.0020.0025.004.376.33
ERIC
NOK

The current ERIC Sharpe Ratio is 1.33, which is comparable to the NOK Sharpe Ratio of 1.32. The chart below compares the historical Sharpe Ratios of ERIC and NOK, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00JulyAugustSeptemberOctoberNovemberDecember
1.33
1.32
ERIC
NOK

Dividends

ERIC vs. NOK - Dividend Comparison

ERIC's dividend yield for the trailing twelve months is around 3.25%, more than NOK's 3.18% yield.


TTM20232022202120202019201820172016201520142013
ERIC
Telefonaktiebolaget LM Ericsson (publ)
3.25%4.05%4.27%2.18%1.36%1.24%1.42%1.68%7.36%4.10%3.82%3.54%
NOK
Nokia Corporation
3.18%5.47%1.32%0.00%0.00%3.02%4.05%3.91%6.22%2.26%6.50%0.00%

Drawdowns

ERIC vs. NOK - Drawdown Comparison

The maximum ERIC drawdown since its inception was -98.60%, roughly equal to the maximum NOK drawdown of -95.97%. Use the drawdown chart below to compare losses from any high point for ERIC and NOK. For additional features, visit the drawdowns tool.


-92.00%-90.00%-88.00%-86.00%-84.00%JulyAugustSeptemberOctoberNovemberDecember
-88.64%
-85.32%
ERIC
NOK

Volatility

ERIC vs. NOK - Volatility Comparison

The current volatility for Telefonaktiebolaget LM Ericsson (publ) (ERIC) is 4.80%, while Nokia Corporation (NOK) has a volatility of 6.98%. This indicates that ERIC experiences smaller price fluctuations and is considered to be less risky than NOK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


4.00%6.00%8.00%10.00%12.00%14.00%JulyAugustSeptemberOctoberNovemberDecember
4.80%
6.98%
ERIC
NOK

Financials

ERIC vs. NOK - Financials Comparison

This section allows you to compare key financial metrics between Telefonaktiebolaget LM Ericsson (publ) and Nokia Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.


Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities


Values in USD except per share items
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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