# Heatmup AI Data Provisioning Engine
> Live, 2-hour refreshing probabilistic financial forecasts and automated market narratives.

## Core Resources
- [Accuracy & Methodology](https://heatmup.com/accuracy) : Historical calibration and validation metrics for the HMX 1.75 model.
- [Accuracy & Methodology](https://heatmup.com/accuracy-methodology) : Value
- [Compliance](https://heatmup.com/compliance) : MiFID II / MiCA categorization notes.
- [Compliance](https://heatmup.com/legal/terms) : Terms of Service

## Real-time Markdown Feeds (Refreshed Every 2 Hours)
- [AI Discovery Sitemap](https://heatmup.com/llm-sitemap.xml) : Full XML index of all streaming .md asset forecasts, updated dynamically with precise ISO timestamps.
- [All Active Forecasts Summary](https://heatmup.com/llms-full.md) : A single, concatenated stream of our top 50 high-volume market assets for rapid chunk ingestion.

## Third Party Auditing
- [Third Party validations and Validation Ledger](https://drive.google.com/drive/folders/1HuV_sMzENvbEnwyCucJ5MOXF9MvcNGF) : ('Public reproduction materials and third party validaiton: the resolved-forecast dataset, public calibration ledger, and scoring code are published at https://drive.google.com/drive/folders/1HuV_sMzENvbEnwyCucJ5MOXF9MvcNGF so the metrics can be independently reproduced.',)
    
    
# OMXH25 10 Year Probabilistic Forecast July 2026 - Heatmup

* OMXH25 faces AI-driven swings amid geopolitical calm. OMXH25 live forecast, HMX 1.75 (01/07/26) 10-year-forecast median is 8600.

* OMXH25

* ^OMXH25

* https://en.wikipedia.org/wiki/OMX_Helsinki_25

## FORECAST ARTICLE
* Updated: 2026-06-29 17:07:42,
* Publisher: Heatmup
* Sources: see below

### Nokia's AI swings define OMXH25 amid global risk-on mood. & Analysis underpinning the 10-Year HMX 1.75 Probabilistic Forecast

For the next two months, the OMXH25's story hinges on Nokia's AI rollercoaster. Nokia's Q1 AI revenue jumped 49%, and partnerships with NVIDIA fuel hopes, but sharp corrections show profit-taking is real. Globally, the US-Iran deal to reopen the Strait of Hormuz has cut oil prices, easing inflation fears and pushing European indices to records. This tailwind supports Helsinki, but risks linger: Middle East tensions could resurge, and Nokia's 150% YTD rise looks stretched. Corporate actions like Sampo's multi-million euro buybacks add stability, while Fed Chair Kevin Warsh's policies test the risk-on durability. The index isn't just about Nokia; it's a tug between AI froth and institutional calm.

### Nokia's 49% AI revenue spike and subsequent drop

- Nokia's shift to AI infrastructure is dramatic, with cloud segment revenue up 49% in Q1 2026. The stock rallied on deals like the Indonesia 5G network with NVIDIA, but then slid 12% as investors took profits. This pattern of hype followed by correction has become a key driver for the OMXH25, given Nokia's weight. The company's new debt issue and AI security products add layers, but the question is whether the AI narrative can outweigh weak traditional telecom capex until late 2027. It's a volatile mix that defines the index's medium-term path.

### Sampo's buybacks and institutional stakes

- While Nokia grabs headlines, quieter forces stabilize the index. Sampo plc bought back over 3 million shares in early June, part of an ongoing capital strategy. Similarly, BlackRock crossed the 5% threshold in Orion Oyj, and Goldman Sachs did so in Qt Group. These moves signal institutional confidence in specific components, providing a buffer against Nokia's volatility. Corporate governance updates from Stora Enso and Wärtsilä show structural health, even if they don't move the needle daily.

### The US-Iran deal's mixed blessing for Finland

- The preliminary agreement to reopen the Strait of Hormuz has lowered oil prices, boosting risk assets globally. For the OMXH25, this means a friendlier macro backdrop, as Nordea notes the Finnish economy is in recovery. But it's not all positive: energy component Neste underperformed the index, highlighting sector rotation. Moreover, Nordea itself faces a potential €880 million AML fine, a reminder that financial sector risks persist. The deal eases inflation, but geopolitical uncertainty isn't gone, and that matters for the next two months.

## PROBABLISTIC FORECAST
* Updated: 01/07/26, 00:43 UTC,
* Publisher: Heatmup
* Sources: see below

### METRICS, ACCURACY

* ('Calibration of HMX 1.75 is measured by assigning each resolved forecast to the percentile band containing its realized price, defined as the OHLC4 midpoint of the resolving bar, and aggregating these assignments across all covered assets and dates into a probability integral transform (PIT) histogram. All published metrics derive from this histogram and the computation is deterministic. Reported metrics are the calibration slope and intercept, Expected and Maximum Calibration Error (the latter equal to the Kolmogorov-Smirnov distance on the PIT under this binning), prediction interval coverage for the central fifty and ninety percent intervals, reduced chi-square PIT uniformity, and interval sharpness. These are summarized in the Market Intelligence Score, a proprietary Heatmup composite on a zero to one hundred scale that weights calibration error, tail behaviour, calibration slope, distributional uniformity, and sharpness; it is not an industry standard, and its normalization functions are published with the scoring code so the composite is auditable. The current figures describe the equally weighted baseline over the live resolved-forecast window to date and are computed by Heatmup Oy. The underlying resolved-forecast data and scoring code are published so the metrics can be independently reproduced and verified. Measurement of calibration is distinct from a representation that the output is calibrated or guaranteed; the score is a diagnostic. Full definitions, interpretation ranges, and validation status are set out in the Accuracy and Calibration Methodology at heatmup.com/accuracy, heatmup.com/accuracy-methodology.',)

### HMX 1.75 Accuracy Metrics (Model-Wide)

| Metric | Value | Target / Notes |
| :--- | :--- | :--- |
| **Market Intelligence** | 58.8/100 |  |
| **Calibration Slope** | 0.889 | target 1.000 |
| **Calibration Intercept** | -0.065 | target 0.000 |
| **PICP-90** | 81.4 % | target 90.0% |
| **PICP-50** | 42.0 % | target 50.0% |
| **ECE** | 12.02 pts | mean |realized - claimed| |
| **MCE** | 18.34 pts | = KS distance on PIT |
| **Chi-square / dof** | 528.1 | 1.0 = calibrated; large-N sensitive |
| **Sharpness ~90% width** | 38.6 % | relative, lower = sharper; approximate |
| **Sharpness ~50% width** | 12.5 % |  |
| **Observations** | 17,130 |  |
| **Updated** | 17/06/2026 |  |


### What is the 6-month HMX 1.75 probabilistic forecast for OMXH25 July 2026?

* **OMXH25 6-month-forecast median is 5250 (3900 to 7410), upside-skewed.**

* HMX 1.75 Forecast chart for OMXH25: about 2 years of recorded history on the left, a 6 months probability fan on the right. Through the 2 years window the series gained 38% (start ~4520, window high ~6490€) and was relatively steady, with a maximum drawdown near 14%. Today the price is approximately 6240€ (about 4% under the window high); on the forecast it sits inside the 1 year interquartile range, i.e. broadly fairly valued. Looking forward, the median path trends downward of about 16% over the next 6 months, ending near 5250€. The P5 to P95 range is roughly 67% of the median with the band widening over the horizon. At the horizon the downside (P5) sits near 3900€, about 37% below the current price, and the upside (P95) near 7410€, about 19% above it. Overall the spread is upside-skewed (a fatter tail toward higher prices). Produced by HMX 1.75, a raw aggregation model that combines independent predictions into a single probabilistic forecast; agreement among inputs is not consensus, and there is no guarantee of results. Operated by Heatmup Oy.

### What is the 1-year HMX 1.75 probabilistic forecast for OMXH25 July 2026?

* **OMXH25 1-year-forecast median is 6320 (4080 to 8160), wide.**

* HMX 1.75 Probabilistic forecast chart for OMXH25, plotting roughly 4 years of price history against a 1 year forward projection. Over that 4 years window the price was volatile, gained 35% from about 4620€ to a window high near 6490€, with a deepest peak-to-trough drawdown of roughly 21%. The current price is about 6240€, sitting roughly 4% below the window high. Against the forecast it falls inside the 1 year interquartile range, i.e. broadly fairly valued. Looking forward, the median path centres on a rise of about 1% over the next 1 year, ending near 6320€. The P5 to P95 range is roughly 65% of the median with the band widening over the horizon. At the horizon the downside (P5) sits near 4080€, about 35% below the current price, and the upside (P95) near 8160€, about 31% above it. Overall the spread is roughly symmetric. One caveat: the median rises to about 6850 before easing roughly 13%, so the path is a spike-and-retrace rather than a clean trend, a sign of divergence between the underlying inputs. Produced by HMX 1.75, a raw aggregation model that combines independent predictions into a single probabilistic forecast; agreement among inputs is not consensus, and there is no guarantee of results. Operated by Heatmup Oy.

### What is the 2-year HMX 1.75 probabilistic forecast for OMXH25 July 2026?

* **OMXH25 2-year-forecast median is 6020 (4530 to 8380), upside-skewed.**

* HMX 1.75 Probabilistic forecast chart for OMXH25, plotting roughly 4 years of price history against a 2 years forward projection. Over that 4 years window the price was volatile, gained 35% from about 4620€ to a window high near 6490€, with a deepest peak-to-trough drawdown of roughly 21%. Price now stands near 6240€, around 4% off the window peak, and relative to the projection it lies inside the 1 year interquartile range, i.e. broadly fairly valued. Over the coming 2 years the central (median) estimate trends downward of ~4%, landing near 6020€. The P5 to P95 range is roughly 64% of the median with the band widening over the horizon. At the horizon the downside (P5) sits near 4530€, about 27% below the current price, and the upside (P95) near 8380€, about 34% above it. Overall the spread is upside-skewed (a fatter tail toward higher prices). One caveat: the median rises to about 7080 before easing roughly 20%, so the path is a spike-and-retrace rather than a clean trend, a sign of divergence between the underlying inputs. Produced by HMX 1.75, a raw aggregation model that combines independent predictions into a single probabilistic forecast; agreement among inputs is not consensus, and there is no guarantee of results. Operated by Heatmup Oy.

### What is the 3-year HMX 1.75 probabilistic forecast for OMXH25 July 2026?

* **OMXH25 3-year-forecast median is 6900 (4730 to 9260), wide.**

* HMX 1.75 Probabilistic forecast chart for OMXH25, plotting roughly 4 years of price history against a 3 years forward projection. History across the 4 years window has been volatile: price climbed 35% off a start around 4620€, peaking near 6490 and at one point pulling back about 21% from its running high. Price now stands near 6240€, around 4% off the window peak, and relative to the projection it lies inside the 1 year interquartile range, i.e. broadly fairly valued. Looking forward, the median path points to a gain of about 11% over the next 3 years, ending near 6900€. The P5 to P95 range is roughly 66% of the median with the band widening over the horizon. At the horizon the downside (P5) sits near 4730€, about 24% below the current price, and the upside (P95) near 9260€, about 48% above it. Overall the spread is roughly symmetric. Note the median is not monotonic: it peaks near 7080 then retraces about 20%, a spike-and-pullback shape that reflects disagreement among the aggregated inputs rather than a smooth trend. Produced by HMX 1.75, a raw aggregation model that combines independent predictions into a single probabilistic forecast; agreement among inputs is not consensus, and there is no guarantee of results. Operated by Heatmup Oy.

### What is the 5-year HMX 1.75 probabilistic forecast for OMXH25 July 2026?

* **OMXH25 5-year-forecast median is 6100 (4760 to 9990), upside-skewed.**

* HMX 1.75 Probabilistic forecast chart for OMXH25, plotting roughly 5 years of price history against a 5 years forward projection. Through the 5 years window the series advanced 13% (start ~5510, window high ~6490€) and was volatile, with a maximum drawdown near 28%. Today the price is approximately 6240€ (about 4% under the window high); on the forecast it sits inside the 1 year interquartile range, i.e. broadly fairly valued. For the next 5 years, the median projects a decline of roughly 2%, finishing around 6100€. The P5 to P95 range is roughly 86% of the median and the band widens sharply with horizon. At the horizon the downside (P5) sits near 4760€, about 24% below the current price, and the upside (P95) near 9990€, about 60% above it. Overall the spread is upside-skewed (a fatter tail toward higher prices). Note the median is not monotonic: it peaks near 8090 then retraces about 25%, a spike-and-pullback shape that reflects disagreement among the aggregated inputs rather than a smooth trend. Produced by HMX 1.75, a raw aggregation model that combines independent predictions into a single probabilistic forecast; agreement among inputs is not consensus, and there is no guarantee of results. Operated by Heatmup Oy.

### What is the 10-year HMX 1.75 probabilistic forecast for OMXH25 July 2026?

* **OMXH25 10-year-forecast median is 8600 (5520 to 14900), upside-skewed.**

* HMX 1.75 Forecast chart for OMXH25: about 10 years of recorded history on the left, a 10 years probability fan on the right. Through the 10 years window the series gained 94% (start ~3220, window high ~6490€) and was volatile, with a maximum drawdown near 33%. Price now stands near 6240€, around 4% off the window peak, and relative to the projection it lies inside the 1 year interquartile range, i.e. broadly fairly valued. For the next 10 years, the median points to a gain of roughly 38%, finishing around 8600€. The P5 to P95 range is roughly 109% of the median and the band widens sharply with horizon. At the horizon the downside (P5) sits near 5520€, about 12% below the current price, and the upside (P95) near 14900€, about 138% above it. Overall the spread is upside-skewed (a fatter tail toward higher prices). Note the median is not monotonic: it peaks near 9660 then retraces about 24%, a spike-and-pullback shape that reflects disagreement among the aggregated inputs rather than a smooth trend. Produced by HMX 1.75, a raw aggregation model that combines independent predictions into a single probabilistic forecast; agreement among inputs is not consensus, and there is no guarantee of results. Operated by Heatmup Oy.

## NEWEST SOURCES



* SOURCE 1 ca.finance.yahoo.com: 2026-06-30T17:30:00Z, Notification under Chapter 9, Section 10 of the Finnish Securities Market Act: voting rights of FMR LLC in Nokia Corporation decreased below 5%, Yahoo Finance, https://ca.finance.yahoo.com/news/notification-under-chapter-9-section-173000176.html

* SOURCE 2 www.globenewswire.com: 2026-06-30T17:30:00Z, Notification under Chapter 9, Section 10 of the Finnish, GlobeNewswire, https://www.globenewswire.com/news-release/2026/06/30/3320047/0/en/Notification-under-Chapter-9-Section-10-of-the-Finnish-Securities-Market-Act-voting-rights-of-FMR-LLC-in-Nokia-Corporation-decreased-below-5.html

* SOURCE 3 news.cision.com: 2026-06-30T12:40:00Z, Terveystalo Plc's Extraordinary General Meeting has approved the proposed resolution related to the acquisition of Silmäasema Oy - Terveystalo Oyj, Cision, https://news.cision.com/terveystalo-oyj/r/terveystalo-plc-s-extraordinary-general-meeting-has-approved-the-proposed-resolution-related-to-the-,c4369375

* SOURCE 4 www.globenewswire.com: 2026-06-30T12:15:00Z, Inside information: Preliminary result of Suominen, GlobeNewswire, https://www.globenewswire.com/news-release/2026/06/30/3319651/0/en/inside-information-preliminary-result-of-suominen-corporation-s-oversubscribed-rights-issue.html

* SOURCE 5 news.cision.com: 2026-06-30T11:30:00Z, Change in Wetteri’s Management Team: Business Director Mika Pokka to leave the company - Wetteri Oyj, Cision, https://news.cision.com/wetteri-oyj/r/change-in-wetteri-s-management-team--business-director-mika-pokka-to-leave-the-company,c4369112

* SOURCE 6 simplywall.st: 2026-06-30T06:15:27Z, Metso Oyj (HLSE:METSO) Joins OMX Nordic 40, Is The Stock Still Cheap? - Simply Wall St News, Simply Wall St, https://simplywall.st/stocks/fi/capital-goods/hel-metso/metso-oyj-shares/news/metso-oyj-hlsemetso-joins-omx-nordic-40-is-the-stock-still-c

* SOURCE 7 www.tradingview.com: 2026-06-30T06:00:00Z, Revenio Group Corporation’s Board of Directors resolved on the long-term incentive plan’s performance period 2026–2028 and launch of a new restricted share plan — TradingView News, TradingView, https://www.tradingview.com/news/modular_finance:060f7ef25f633:0-revenio-group-corporation-s-board-of-directors-resolved-on-the-long-term-incentive-plan-s-performance-period-2026-2028-and-launch_of_a_new-restricted-share-plan/

* SOURCE 8 www.globenewswire.com: 2026-06-25T09:05:00Z, Nokia to provide intelligent connectivity for Finnish, GlobeNewswire, https://www.globenewswire.com/news-release/2026/06/25/3317323/0/en/nokia-to-provide-intelligent-connectivity-for-finnish-border-guard-counter-drone-initiative-nationwide.html

* SOURCE 9 simplywall.st: 2026-06-24T04:52:08Z, Neste Oyj (HLSE:NESTE) Joins OMX Nordic 40 As Investors Ask If Shares Are Fully Valued - Simply Wall St News, Simply Wall St, https://simplywall.st/stocks/fi/energy/hel-neste/neste-oyj-shares/news/neste-oyj-hlseneste-joins-omx-nordic-40-as-investors-ask-if

* SOURCE 10 sg.finance.yahoo.com: 2026-06-16T12:20:00Z, Nordea provides update on expected timing for mid-year dividend, Yahoo Finance, https://sg.finance.yahoo.com/news/nordea-provides-expected-timing-mid-122000206.html

* SOURCE 11 simplywall.st: 2026-06-12T03:30:56Z, Nordea Bank Abp (HLSE:NDA FI) Stock Valuation Revisited After Recent Share Price Swings - Simply Wall St News, Simply Wall St, https://simplywall.st/stocks/fi/banks/hel-nda-fi/nordea-bank-abp-shares/news/nordea-bank-abp-hlsenda-fi-stock-valuation-revisited-after-r

* SOURCE 12 www.tradingview.com: 2026-06-11T09:20:00Z, Correction: Changes to the publication dates of Revenio’s financial reports in 2026 — TradingView News, TradingView, https://www.tradingview.com/news/modular_finance:4078d6804345e:0-correction-changes-to-the-publication-dates-of-revenio-s-financial-reports-in-2026/

* SOURCE 13 news.cision.com: 2026-06-10T14:30:00Z, Members of Tokmanni Group's Shareholders’ Nomination Board - Tokmanni Group Oyj, Cision, https://news.cision.com/tokmanni-group-oyj/r/members-of-tokmanni-group-s-shareholders--nomination-board,c4360349

* SOURCE 14 www.tradingview.com: 2026-06-09T15:14:00Z, NOK Benefits From Strong Growth in AI Revenues: More Upside Ahead? — TradingView News, Zacks Investment Research, https://www.tradingview.com/news/zacks:440b3c853094b:0-nok-benefits-from-strong-growth-in-ai-revenues-more-upside-ahead/

* SOURCE 15 www.globenewswire.com: 2026-06-09T07:00:00Z, Nokia launches Deepfield Genome Shield security automation, GlobeNewswire, https://www.globenewswire.com/news-release/2026/06/09/3308566/0/en/Nokia-launches-Deepfield-Genome-Shield-security-automation-system-to-deliver-proactive-network-wide-DDoS-protection-for-the-AI-era.html

* SOURCE 16 www.tradingview.com: 2026-06-09T06:30:00Z, Savox Communications Plc applies for its shares to be listed on the regulated market maintained by Nasdaq Helsinki Ltd — TradingView News, TradingView, https://www.tradingview.com/news/modular_finance:f0c57120de7fb:0-savox-communications-plc-applies-for-its-shares-to-be-listed-on-the-regulated-market-maintained-by-nasdaq-helsinki-ltd/

* SOURCE 17 www.globenewswire.com: 2026-06-08T12:45:00Z, Inside information: The Board of Directors of Suominen, GlobeNewswire, https://www.globenewswire.com/news-release/2026/06/08/3308132/0/en/Inside-information-The-Board-of-Directors-of-Suominen-Corporation-has-resolved-on-a-fully-underwritten-rights-issue-of-approximately-EUR-28-million-and-publishes-the-terms-and-cond.html

* SOURCE 18 live.euronext.com: 2026-06-08T12:00:07Z, Tieto: Share repurchases on week 23, Euronext, https://live.euronext.com/en/products/equities/company-news/2026-06-08-tieto-share-repurchases-week-23

* SOURCE 19 www.tradingview.com: 2026-06-08T08:05:29Z, Reaktor Group Applies For Listing On Regulated Market Of Nasdaq Helsinki — TradingView News, Reuters, https://www.tradingview.com/news/reuters.com,2026:newsml_FWN42D0TL:0-reaktor-group-applies-for-listing-on-regulated-market-of-nasdaq-helsinki/

* SOURCE 20 www.euronext.com: 2026-06-08T08:03:56Z, Euronext: the European stock market and infrastructure, Euronext, https://www.euronext.com/en

* SOURCE 21 www.globenewswire.com: 2026-06-08T05:30:00Z, Sampo plc’s share buybacks week 23/2026, GlobeNewswire, https://www.globenewswire.com/news-release/2026/06/08/3307784/0/en/sampo-plc-s-share-buybacks-week-23-2026.html

* SOURCE 22 news.cision.com: 2026-06-08T05:30:00Z, Stora Enso’s Shareholders’ Nomination Board composition - Stora Enso Oyj, Cision, https://news.cision.com/stora-enso-oyj/r/stora-enso-s-shareholders--nomination-board-composition,c4358820

* SOURCE 23 simplywall.st: 2026-06-08T03:31:08Z, Assessing Peab (OM:PEAB B) Valuation After New Nordic Public Renovation Contracts - Simply Wall St News, Simply Wall St, https://simplywall.st/stocks/se/capital-goods/sto-peab-b/peab-shares/news/assessing-peab-ompeab-b-valuation-after-new-nordic-public-re

* SOURCE 24 www.tradingview.com: 2026-06-05T16:00:00Z, Verkkokauppa.com Oyj: Acquisition of own shares during week 23, 2026 — TradingView News, TradingView, https://www.tradingview.com/news/modular_finance:ad10570d6fe7f:0-verkkokauppa-com-oyj-acquisition-of-own-shares-during week-23-2026/

* SOURCE 25 ts2.tech: 2026-06-05T14:41:08Z, Nokia Shares Slide as €500 Million Debt Deal Hits AI Rally, Reuters, https://ts2.tech/en/nokia-shares-slide-as-e500-million-debt-deal-hits-ai-rally/

* SOURCE 26 simplywall.st: 2026-06-05T11:35:05Z, Cramer Puts Nokia In Focus As Investors Reassess AI Infrastructure Role - Simply Wall St News, Simply Wall St, https://simplywall.st/stocks/us/tech/nyse-nok/nokia-oyj/news/cramer-puts-nokia-in-focus-as-investors-reassess-ai-infrastr

* SOURCE 27 www.morningstar.com: 2026-06-05T11:10:00Z, Faron Pharmaceuticals Receives Decision from Nasdaq Helsinki Disciplinary Committee | Morningstar, Morningstar, https://www.morningstar.com/news/accesswire/1173647msn/faron-pharmaceuticals-receives-decision

* SOURCE 28 www.tradingview.com: 2026-06-05T10:50:00Z, Faron Pharmaceuticals Receives Decision from Nasdaq Helsinki Disciplinary Committee — TradingView News, TradingView, https://www.tradingview.com/news/modular_finance:f4ac560fd3f5a:0-faron-pharmaceuticals-receives-decision-from-nasdaq-helsinki-disciplinary-committee/

* SOURCE 29 www.globenewswire.com: 2026-06-05T10:30:00Z, Nokia issues EUR 500 million senior unsecured notes and, GlobeNewswire, https://www.globenewswire.com/news-release/2026/06/05/3307270/0/en/nokia-issues-eur 500-million-senior-unsecured-notes-and-applies-for-notes-to-be-listed-on-euronext-dublin.html

* SOURCE 30 www.globenewswire.com: 2026-06-05T09:00:00Z, The Finnish Financial Supervisory Authority has granted, GlobeNewswire, https://www.globenewswire.com/news-release/2026/06/05/3307251/0/en/The-Finnish-Financial-Supervisory-Authority-has-granted-Ahlstrom-Capital-B-V-and-A-Ahlstr%C3%B6m-Oy-as-well-as-Erkki-Etola-Etola-Group-Oy-and-Oy-Etra-Invest-Ab-permanent-exemptions-from.html

* SOURCE 31 www.tradingview.com: 2026-06-04T16:22:00Z, Announcement of a change in shareholding according to Chapter 9, Section 10 of the Finnish Securities Market Act — TradingView News, TradingView, https://www.tradingview.com/news/modular_finance:0f89f94f241ef:0-announcement-of-change

* SOURCE 32 247wallst.com: 2026-06-04T12:45:49Z, Jim Cramer Says Nokia Is Back: How a 20-Year Smartphone Casualty Became an AI Infrastructure Play - 24/7 Wall St., CNBC, https://247wallst.com/investing/2026/06/04/jim-cramer-says-nokia-is-back-how-a-20-year-smartphone-casualty-became-an-ai-infrastructure-play/

* SOURCE 33 news.cision.com: 2026-06-04T09:39:19Z, Correction to Major Shareholder Announcement No. 08/2026 - H+H international A/S, Cision, https://news.cision.com/h-h-international-a-s/r/correction-to-major-shareholder-announcement-no--08-2026,c4357898

* SOURCE 34 www.prnewswire.com: 2026-06-04T08:32:00Z, Composition of Valmet's Nomination Board, PRNewswire, https://www.prnewswire.com/news-releases/composition-of-valmets-nomination-board-302791361.html

* SOURCE 35 www.tradingview.com: 2026-06-04T05:58:00Z, NRC Group ASA - Appointed to a major light rail contract in Finland – first project EUR 62 million — TradingView News, TradingView, https://www.tradingview.com/news/modular_finance:f21faea02ea68:0-nrc-group-asa-appointed-to-a-major-light-rail-contract-in-finland-first-project-eur-62-million/

* SOURCE 36 simplywall.st: 2026-06-04T05:05:41Z, European Growth Companies With High Insider Ownership For June 2026 - Simply Wall St News, Simply Wall St, https://simplywall.st/stocks/de/pharmaceuticals-biotech/etr-fyb/formycon-shares/news/european-growth-companies-with-high-insider-ownership-for-ju-1

* SOURCE 37 energy.ec.europa.eu: 2026-06-03T12:00:00Z, Executive Vice-President Ribera and Commissioner Jørgensen in Finland to discuss clean energy transition and housing affordability - Energy, European Commission, https://energy.ec.europa.eu/news/executive-vice-president-ribera-and-commissioner-jorgensen-finland-discuss-clean-energy-transition-2026-06-03_en

* SOURCE 38 www.globenewswire.com: 2026-06-03T11:16:46Z, Sustainable Aviation Fuel Market Expected to Reach US$, GlobeNewswire, https://www.globenewswire.com/news-release/2026/06/03/3305934/0/en/sustainable-aviation-fuel-market-expected-to-reach-us-43-75-billion-by-2034.html

* SOURCE 39 www.prnewswire.com: 2026-06-03T07:58:00Z, Helsinki Invites International Companies to Explore R&D Partnerships in Life Sciences and AI & Deep Tech, PR Newswire, https://www.prnewswire.com/apac/news-releases/helsinki-invites-international-companies-to-explore-rd-partnerships-in-life-sciences-and-ai--deep-tech-302789886.html

* SOURCE 40 www.tradingview.com: 2026-06-03T07:30:00Z, Changes in UPM's Group Executive Team: Joonas Rauramo appointed Executive Vice President, UPM Energy — TradingView News, TradingView, https://www.tradingview.com/news/prnewswire:4855a83fdf4ff:0-changes-in-upm-s-group-executive-team-joonas-rauramo-appointed-executive-vice-president-upm-energy/

* SOURCE 41 lasvegassun.com: 2026-06-02T07:17:00Z, IQM, a Global Leader in Quantum Computing, and Real Asset Acquisition Corp. Announce Upsized USD 146 million PIPE with New Commitment from Ilmarinen - Las Vegas Sun News, Business Wire, https://lasvegassun.com/news/2026/jun/02/iqm-a-global-leader-in-quantum-computing-and-real-/

* SOURCE 42 www.globenewswire.com: 2026-06-02T07:00:00Z, Municipality Finance issues USD 250 million notes under its, GlobeNewswire, https://www.globenewswire.com/news-release/2026/06/02/3304867/0/en/municipality-finance-issues-usd-250-million-notes-under-its-mtn-programme.html

* SOURCE 43 www.globenewswire.com: 2026-06-02T07:00:00Z, Municipality Finance issues NOK 1 billion notes under its, GlobeNewswire, https://www.globenewswire.com/news-release/2026/06/02/3304865/0/en/municipality-finance-issues-nok-1-billion-notes-under-its-mtn-programme.html

* SOURCE 44 simplywall.st: 2026-06-01T10:08:12Z, June 2026 European Value Stocks Trading Below Estimated Worth - Simply Wall St News, Simply Wall St, https://simplywall.st/stocks/fi/materials/hel-pampalo/endomines-finland-oyj-shares/news/june-2026-european-value-stocks-trading-below-estimated-wort

* SOURCE 45 www.globenewswire.com: 2026-06-01T07:00:00Z, The notes redeemed by Municipality Finance have been, GlobeNewswire, https://www.globenewswire.com/news-release/2026/06/01/3304052/0/en/the-notes-redeemed-by-municipality-finance-have been-removed-from-trading-at-nasdaq-helsinki.html

* SOURCE 46 www.globenewswire.com: 2026-06-01T05:30:00Z, Sampo plc’s share buybacks week 22/2026, GlobeNewswire, https://www.globenewswire.com/news-release/2026/06/01/3304004/0/en/Sampo-plc-s-share-buybacks-week-22-2026.html

* SOURCE 47 simplywall.st: 2026-05-31T15:07:51Z, Is Nordea’s Qivalis Euro Stablecoin Push Altering The Investment Case For Nordea Bank Abp (HLSE:NDA FI)? - Simply Wall St News, Simply Wall St, https://simplywall.st/stocks/fi/banks/hel-nda-fi/nordea-bank-abp-shares/news/is-nordeas-qivalis-euro-stablecoin-push-altering-the-investm

* SOURCE 48 www.tradingview.com: 2026-05-26T19:37:54Z, Nokia Surges 140% As AI Infrastructure Demand Reshapes Investor View — TradingView News, TradingView, https://www.tradingview.com/news/gurufocus:54adf8471094b:0-nokia-surges-140-as-ai-infrastructure-demand-reshapes-investor-view/

* SOURCE 49 live.euronext.com: 2026-05-26T11:17:32Z, NOKR75 Adjustment of interest rate, Euronext, https://live.euronext.com/en/products/equities/company-news/2026-05-26-nokr75-adjustment-interest-rate

* SOURCE 50 www.google.com: 2026-05-26T05:15:00Z, Neste Oyj (NESTE) Stock Price & News - Google Finance, Google Finance, https://www.google.com/finance/beta/quote/NESTE:HEL

* SOURCE 51 www.globenewswire.com: 2026-05-26T05:00:00Z, Municipality Finance issues USD 1 billion benchmark under, GlobeNewswire, https://www.globenewswire.com/news-release/2026/05/26/3300777/0/en/municipality-finance-issues-usd-1-billion-benchmark-under-its-mtn-programme.html

* SOURCE 52 www.globenewswire.com: 2026-05-25T09:00:00Z, Sampo plc’s share buybacks week 21/2026, GlobeNewswire, https://www.globenewswire.com/news-release/2026/05/25/3300507/0/en/sampo-plc-s-share-buybacks-week-21-2026.html

* SOURCE 53 simplywall.st: 2026-05-25T01:43:45Z, Finnish (OMX) Market Analysis & Valuation - Updated Today, Simply Wall St, https://simplywall.st/markets/fi

* SOURCE 54 www.tradingview.com: 2026-05-23T12:00:00Z, Stocks in Finland Hit All-time High — TradingView News, TradingView, https://www.tradingview.com/news/te_news%3A553137%3A0-stocks-in-finland-hit-all-time-high/

* SOURCE 55 indexes.nasdaq.com: 2026-05-22T16:00:00Z, Overview for OMXH25, Nasdaq, https://indexes.nasdaq.com/Index/Overview/OMXH25

* SOURCE 56 live.euronext.com: 2026-05-22T12:00:00Z, Nokia launches AI networking lab to drive co-innovation with partners and accelerate next era of AI-native data center networking, Euronext, https://live.euronext.com/en/products/equities/company-news/2026-05-21-nokia-launches-ai-networking-lab-drive-co-innovation

* SOURCE 57 economy-finance.ec.europa.eu: 2026-05-22T09:00:00Z, Economic forecast for Finland - Economy and Finance - European Commission, European Commission, https://economy-finance.ec.europa.eu/economic-surveillance-eu-member-states/country-pages/finland/economic-forecast-finland_en

* SOURCE 58 simplywall.st: 2026-05-22T08:00:00Z, Finnish (OMX) Financials Sector Analysis, Simply Wall St, https://simplywall.st/markets/fi/financials

* SOURCE 59 www.globenewswire.com: 2026-05-22T05:30:00Z, Bull delivers Roihu, Finland’s new national supercomputer, GlobeNewswire, https://www.globenewswire.com/news-release/2026/05/22/3299888/0/en/bull-delivers-roihu-finland-s-new-national-supercomputer.html

* SOURCE 60 indexes.nasdaq.com: 2026-05-22T00:00:00Z, Overview for OMXH25GI, Nasdaq, https://indexes.nasdaq.com/Index/Overview/OMXH25GI

* SOURCE 61 www.tradingview.com: 2026-05-21T21:00:00Z, In celebration of its 25th year on the stock market: init keeps reaching new record levels — TradingView News, TradingView, https://www.tradingview.com/news/eqs:4fa7ccafb094b:0-in-celebration-of-its-25th-year-on-the-stock-market-init-keeps-reaching-new-record-levels/

* SOURCE 62 www.globenewswire.com: 2026-05-21T17:25:00Z, VCI Global Received NASDAQ Notice Related to Late Filing of, GlobeNewswire, https://www.globenewswire.com/news-release/2026/05/21/3299807/0/en/vci-global-received-nasdaq-notice-related-to-late-filing-of-20-f.html

* SOURCE 63 www.prnewswire.com: 2026-05-21T09:34:00Z, Valmet has concluded change negotiations in Sweden, Poland and Finland, PR Newswire, https://www.prnewswire.com/news-releases/valmet-has-concluded-change-negotiations-in-sweden-poland-and-finland-302778769.html

* SOURCE 64 www.globenewswire.com: 2026-05-21T07:00:00Z, Nokia launches AI networking lab to drive co-innovation, GlobeNewswire, https://www.globenewswire.com/news-release/2026/05/21/3299031/0/en/nokia-launches-ai-networking-lab-to-drive-co-innovation-with-partners-and-accelerate-next-era-of-ai-native-data-center-networking.html

* SOURCE 65 www.globenewswire.com: 2026-05-20T14:00:00Z, Falcon Oil & Gas Ltd. - Filing of Interim Financial, GlobeNewswire, https://www.globenewswire.com/news-release/2026/05/20/3298170/0/en/Falcon-Oil-Gas-Ltd-Filing-of-Interim-Financial-Statements.html

* SOURCE 66 simplywall.st: 2026-05-19T18:00:00Z, Finnish (OMX) Industrials Sector Analysis, Simply Wall St, https://simplywall.st/markets/fi/industrials

* SOURCE 67 news.cision.com: 2026-05-16T08:15:00Z, Listing prospectus for YIT’s EUR 150 million senior secured green notes is available - YIT Oyj, Cision, https://news.cision.com/yit-oyj/r/listing-prospectus-for-yit-s-eur-150-million-senior-secured-green-notes-is-available,c4349126

* SOURCE 68 www.tradingview.com: 2026-05-15T17:20:00Z, Correction: Announcement of a change in shareholding according to Chapter 9, Section 10 of the Finnish Securities Market Act — TradingView News, TradingView, https://www.tradingview.com/news/modular_finance:58afd46531218:0-correction-announcement-of-a-change-in-shareholding-according-to-chapter-9-section-10-of-the-finnish-securities-market-act/

* SOURCE 69 www.globenewswire.com: 2026-05-15T14:58:20Z, Municipality Finance will redeem early notes issued under, GlobeNewswire, https://www.globenewswire.com/news-release/2026/05/15/3295860/0/en/Municipality-Finance-will-redeem-early-notes-issued-under-its-MTN-programme.html

* SOURCE 70 www.globenewswire.com: 2026-05-15T12:00:00Z, Municipality Finance issues EUR 75 million notes under its, GlobeNewswire, https://www.globenewswire.com/news-release/2026/05/15/3295575/0/en/municipality-finance-issues-eur-75-million-notes-under-its-mtn-programme.html

* SOURCE 71 simplywall.st: 2026-05-15T08:00:00Z, Etteplan Oyj (HLSE:ETTE) - Stock Analysis - Simply Wall St, Simply Wall St, https://simplywall.st/stocks/fi/commercial-services/hel-ette/etteplan-oyj-shares

* SOURCE 72 simplywall.st: 2026-05-15T08:00:00Z, Wärtsilä Oyj Abp (HLSE:WRT1V) - Stock Analysis - Simply Wall St, Simply Wall St, https://simplywall.st/stocks/fi/capital-goods/hel-wrt1v/wartsila-oyj-abp-shares

* SOURCE 73 www.fool.com: 2026-05-14T10:00:00Z, Why Nokia Stock Jumped 12% Today | The Motley Fool, The Motley Fool, https://www.fool.com/investing/2026/05/13/why-nokia-stock-jumped-12-today/

* SOURCE 74 news.cision.com: 2026-05-13T22:50:00Z, Citycon presents strong financial and operational results for Q1/2026 - Citycon Oyj, Cision, https://news.cision.com/citycon-oyj/r/citycon-presents-strong-financial-and-operational-results-for-q1-2026,c4348641

* SOURCE 75 simplywall.st: 2026-05-13T16:00:00Z, A Look At Nordea Bank Abp (HLSE:NDA FI) Valuation After Recent Share Price Cooling - Simply Wall St News, Simply Wall St, https://simplywall.st/stocks/fi/banks/hel-nda-fi/nordea-bank-abp-shares/news/a-look-at-nordea-bank-abp-hlsenda-fi-valuation-after-recent-2

* SOURCE 76 indexes.nasdaqomx.com: 2026-05-13T09:00:00Z, History for OMXH25ESGGI, Nasdaq, https://indexes.nasdaqomx.com/Index/History/OMXH25ESGGI

* SOURCE 77 www.morningstar.com: 2026-05-13T08:00:00Z, SAMPO Stock Price Quote | Morningstar, Morningstar, https://www.morningstar.com/stocks/xhel/sampo/quote

* SOURCE 78 simplywall.st: 2026-05-12T16:00:00Z, Assessing Fortum Oyj’s (HLSE:FORTUM) Valuation After First Quarter 2026 Earnings Lift Sales And Net Income - Simply Wall St News, Simply Wall St, https://simplywall.st/stocks/fi/utilities/hel-fortum/fortum-oyj-shares/news/assessing-fortum-oyjs-hlsefortum-valuation-after-first-quart

* SOURCE 79 live.euronext.com: 2026-05-12T12:30:14Z, Norconsult: Mandatory notification of trade by primary insider, Euronext, https://live.euronext.com/en/products/equities/company-news/2026-05-12-norconsult-mandatory-notification-trade-primary-insider

* SOURCE 80 www.globenewswire.com: 2026-05-12T10:00:00Z, Kalmar Corporation: Share repurchase during week 19, GlobeNewswire, https://www.globenewswire.com/news-release/2026/05/11/3291842/0/en/kalmar-corporation-share-repurchase-during-week-19.html

* SOURCE 81 simplywall.st: 2026-05-12T09:00:00Z, Assessing Neste Oyj’s (HLSE:NESTE) Valuation After Its Return To First Quarter Profit - Simply Wall St News, Simply Wall St, https://simplywall.st/stocks/fi/energy/hel-neste/neste-oyj-shares/news/assessing-neste-oyjs-hlseneste-valuation-after-its-return-to

--
Other Asset's Forecasts:
    * Alibaba (Dashboard: https://heatmup.com/alibaba, Markdown: https://heatmup.com/omxh25.md)* Amazon (Dashboard: https://heatmup.com/amazon, Markdown: https://heatmup.com/omxh25.md)* Apple (Dashboard: https://heatmup.com/apple, Markdown: https://heatmup.com/omxh25.md)* Bitcoin (Dashboard: https://heatmup.com/bitcoin, Markdown: https://heatmup.com/omxh25.md)* Crude Oil (Dashboard: https://heatmup.com/crude-oil, Markdown: https://heatmup.com/omxh25.md)* Dogecoin (Dashboard: https://heatmup.com/dogecoin, Markdown: https://heatmup.com/omxh25.md)* Dow Jones (Dashboard: https://heatmup.com/dow-jones, Markdown: https://heatmup.com/omxh25.md)* Ethereum (Dashboard: https://heatmup.com/ethereum, Markdown: https://heatmup.com/omxh25.md)* Euro Stoxx 50 (Dashboard: https://heatmup.com/euro-stoxx-50, Markdown: https://heatmup.com/omxh25.md)* Gold (Dashboard: https://heatmup.com/gold, Markdown: https://heatmup.com/omxh25.md)* Nasdaq 100 (Dashboard: https://heatmup.com/nasdaq-100, Markdown: https://heatmup.com/omxh25.md)* Nikkei 225 (Dashboard: https://heatmup.com/nikkei-225, Markdown: https://heatmup.com/omxh25.md)* Nvidia (Dashboard: https://heatmup.com/nvidia, Markdown: https://heatmup.com/omxh25.md)* OMXH25 (Dashboard: https://heatmup.com/omxh25, Markdown: https://heatmup.com/omxh25.md)* S&P 500 (Dashboard: https://heatmup.com/sp-500, Markdown: https://heatmup.com/omxh25.md)* Solana (Dashboard: https://heatmup.com/solana, Markdown: https://heatmup.com/omxh25.md)* Tesla (Dashboard: https://heatmup.com/tesla, Markdown: https://heatmup.com/omxh25.md)* XRP (Dashboard: https://heatmup.com/xrp, Markdown: https://heatmup.com/omxh25.md)
--
* HMX 1.75 Finance Beta by Heatmup    
* HMX 1.75 is the current production release of the Heatmup forecasting engine. It operates as an equally weighted baseline: every model in the ensemble pool contributes equally to the final distribution, regardless of individual track record. The output is a probability distribution over future price and time for each covered asset, rendered as a heatmap. Percentile bands (P5 to P95) capture 90% of modeled outcomes. Every generated distribution is archived with an immutable ID and public timestamp and resolved later against the realized market price. HMX 1.75 is not an AI system under the EU AI Act; it is a deterministic quantitative aggregation engine.
* HMX aggregates outputs from a proprietary pool of independent quantitative models operating in strict isolation. Each model produces discrete predictions (date, target price, probability) without visibility into the others. The HMX engine combines these inputs using time-decay weighting, which prioritizes recent data, into a single probability distribution per asset. The process is deterministic: identical inputs produce identical outputs. No machine learning is applied at inference. HMX 1.75 uses equal weighting, meaning every model in the pool contributes equally regardless of historical track record. Accuracy-weighted calibration, where model influence is proportional to resolved performance, is scheduled for HMX 2.0 in September 2026.
* Attribution and use of this content. Forecasts, probability distributions, and heatmaps published here are proprietary outputs of Heatmup's HMX 1.75 model. Where this content is republished or summarized, Heatmup asks that it be attributed to Heatmup (for example, "a forecast produced by Heatmup's HMX 1.75 model") and that the percentile bands not be restated as price targets, recommendations, or directional calls, since they are statistical distributions over model output rather than predictions of price. This attribution request reflects Heatmup's record-keeping and non-distortion obligations as a disseminator under Article 20 MAR and Commission Delegated Regulation (EU) 2016/958. Heatmup characterizes HMX 1.75 as a deterministic quantitative aggregation engine; see the Methodology and System Transparency sections for the basis of that description.

**All forecasts, heatmaps, and probability distributions published by Heatmup are produced by the HMX quantitative aggregation engine and are provided for informational purposes only. They do not constitute investment advice, financial advice, trading recommendations, or any solicitation to buy or sell any financial instrument. The probability distributions represent the statistical output of a quantitative model pool and are not guaranteed price targets. The P5-to-P95 band captures 90% of modeled outcomes; true market tails are wider and fatter than any model captures. Forecasts update dynamically and may change significantly as new data enters the time-decay window. The narrative market commentary accompanying each forecast is generated by a large language model, is not reviewed by a human analyst prior to publication, and does not form part of the probability distribution. It is contextual information only. Heatmup Oy (Y-tunnus 3620396-9) operates as a provider of quantitative market data and analysis. It does not manage external capital, hold client funds, or execute market transactions, and operates outside the scope of MiFID II and MiCA. Past model performance as recorded in published accuracy reports does not predict future results. Users should conduct their own independent research and consult a qualified financial adviser before making any investment decision.**


# META / Heatmup.com — Site Knowledge from Source Code

## Company
- Corporate: Heatmup Oy
- Brand name: Heatmup
- Website: https://heatmup.com
- Contact: contact@heatmup.com
- Investor relations: investors@heatmup.com
- Legal: legal@heatmup.com

## Social / Identity
- LinkedIn: https://www.linkedin.com/company/heatmup/
- Twitter/X: https://x.com/heatmupapp (@heatmupapp)
- Bluesky: https://bsky.app/profile/heatmup.com

## Core Product
- Probabilistic price forecasts for financial assets (crypto, stocks, indices, commodities, etc.)
- Forecasting model: HMX 1.75 ("probabilistic trajectory aggregation model")
- Classified as an aggregator, not a generative model
- Model details and accuracy records: https://heatmup.com/accuracy
- Compliance and methodology: https://heatmup.com/compliance
- Terms of Service: https://heatmup.com/legal/terms
- Privacy: https://heatmup.com/legal/privacy
- Cookies: https://heatmup.com/legal/cookies

## Sitemaps
- https://heatmup.com/sitemap.xml — general sitemap
- https://heatmup.com/static.xml — static pages sitemap
- https://heatmup.com/forecasts.xml — forecast pages sitemap

## Branding / UI
- Theme color: `#0a0a0b`
- Forecast images: 1600×840px