Onyx Healthcare Stock Current Valuation
| 6569 Stock | TWD 151.50 2.50 1.62% |
Valuation analysis of Onyx Healthcare helps investors to measure Onyx Healthcare's intrinsic value by examining its available valuation indicators, including the cash flow records, the balance sheet account changes and income statement patterns.
Fairly Valued
Today
Please note that Onyx Healthcare's price fluctuation is very steady at this time. Calculation of the real value of Onyx Healthcare is based on 3 months time horizon. Increasing Onyx Healthcare's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
The fair value of the Onyx stock is determined by what a typical buyer is willing to pay for full or partial control of Onyx Healthcare. Since Onyx Healthcare is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Onyx Stock. However, Onyx Healthcare's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 151.5 | Real 159.63 | Hype 154.0 |
The intrinsic value of Onyx Healthcare's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Onyx Healthcare's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Onyx Healthcare helps investors to forecast how Onyx stock's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Onyx Healthcare more accurately as focusing exclusively on Onyx Healthcare's fundamentals will not take into account other important factors: Onyx Healthcare Company Current Valuation Analysis
Onyx Healthcare's Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
| Competition |
In accordance with the recently published financial statements, Onyx Healthcare has a Current Valuation of 0.0. This is 100.0% lower than that of the Healthcare sector and about the same as Health Information Services (which currently averages 0.0) industry. The current valuation for all Taiwan stocks is 100.0% higher than that of the company.
Onyx Healthcare is currently under evaluation in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Health Information Services industry is presently estimated at about 0.0. Onyx Healthcare adds roughly 0.0 in current valuation claiming only tiny portion of equities under Health Information Services industry.Onyx Fundamentals
| Price To Earning | 16.14 X | |||
| EBITDA | 124.12 M | |||
| Net Income | 142.99 M | |||
| Cash And Equivalents | 294.17 M | |||
| Cash Per Share | 9.72 X | |||
| Total Debt | 280.45 M | |||
| Debt To Equity | 0.30 % | |||
| Current Ratio | 1.55 X | |||
| Book Value Per Share | 38.63 X | |||
| Cash Flow From Operations | 211.66 M | |||
| Earnings Per Share | 6.57 X | |||
| Number Of Employees | 12 | |||
| Beta | 0.26 | |||
| Market Capitalization | 2.92 B | |||
| Z Score | 6.0 | |||
| Five Year Return | 3.67 % | |||
| Last Dividend Paid | 5.5 |
About Onyx Healthcare Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Onyx Healthcare's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Onyx Healthcare using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Onyx Healthcare based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Onyx Healthcare
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 Onyx Healthcare 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 Onyx Healthcare will appreciate offsetting losses from the drop in the long position's value.Moving together with Onyx Stock
Moving against Onyx Stock
| 0.81 | 8047 | Great Computer | PairCorr |
| 0.58 | 0050 | YuantaP shares Taiwan | PairCorr |
| 0.58 | 0057 | Fubon MSCI Taiwan | PairCorr |
| 0.56 | 3545 | FocalTech Systems | PairCorr |
| 0.54 | 1442 | Advancetek Enterprise | PairCorr |
The ability to find closely correlated positions to Onyx Healthcare could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Onyx Healthcare 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 Onyx Healthcare - 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 Onyx Healthcare to buy it.
The correlation of Onyx Healthcare 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 Onyx Healthcare moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Onyx Healthcare 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 Onyx Healthcare 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.Additional Tools for Onyx Stock Analysis
When running Onyx Healthcare's price analysis, check to measure Onyx Healthcare's 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 Onyx Healthcare is operating at the current time. Most of Onyx Healthcare's value examination focuses on studying past and present price action to predict the probability of Onyx Healthcare's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Onyx Healthcare's price. Additionally, you may evaluate how the addition of Onyx Healthcare to your portfolios can decrease your overall portfolio volatility.