ONON Research Development from 2010 to 2026
| ONON Stock | USD 46.66 1.37 3.02% |
Research Development | First Reported 2010-12-31 | Previous Quarter 8 M | Current Value 7.1 M | Quarterly Volatility 470.4 K |
Check On Holding financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among On Holding's main balance sheet or income statement drivers, such as Tax Provision of 45.2 M, Net Interest Income of 483 K or Interest Income of 28.4 M, as well as many indicators such as Price To Sales Ratio of 7.94, Dividend Yield of 0.0 or PTB Ratio of 13.23. ONON financial statements analysis is a perfect complement when working with On Holding Valuation or Volatility modules.
ONON | Research Development | Build AI portfolio with ONON Stock |
Pair Trading with On Holding
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if On Holding position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in On Holding will appreciate offsetting losses from the drop in the long position's value.Moving against ONON Stock
| 0.61 | DIE | Dierig Holding AG | PairCorr |
| 0.6 | 6W7 | AQUAFIL SPA | PairCorr |
| 0.56 | DIE | Dierig Holding AG | PairCorr |
| 0.38 | CUZ | CULP INC DL | PairCorr |
| 0.38 | K7A | Kingdom Holdings | PairCorr |
The ability to find closely correlated positions to On Holding could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace On Holding when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back On Holding - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling On Holding to buy it.
The correlation of On Holding is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as On Holding moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if On Holding moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for On Holding can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of On Holding Correlation against competitors. To learn how to invest in ONON Stock, please use our How to Invest in On Holding guide.You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
Will Textiles, Apparel & Luxury Goods sector continue expanding? Could ONON diversify its offerings? Factors like these will boost the valuation of On Holding. Anticipated expansion of ONON directly elevates investor willingness to pay premium valuations. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every On Holding data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
Quarterly Earnings Growth 2.831 | Earnings Share 0.87 | Revenue Per Share | Quarterly Revenue Growth 0.249 | Return On Assets |
Investors evaluate On Holding using market value (trading price) and book value (balance sheet equity), each telling a different story. Calculating On Holding's intrinsic value - the estimated true worth - helps identify when the stock trades at a discount or premium to fair value. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. External factors like market trends, sector rotation, and investor psychology can cause On Holding's market price to deviate significantly from intrinsic value.
It's important to distinguish between On Holding's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding On Holding should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Conversely, On Holding's market price signifies the transaction level at which participants voluntarily complete trades.