Investing in Onex a year ago would have delivered you a 64 percent gain - Simply Wall St
| ONEX Stock | CAD 113.93 1.31 1.14% |
About 62% of Onex Corp's investor base is looking to short. The analysis of overall sentiment of trading Onex Corp stock suggests that many investors are alarmed at this time. Onex Corp's investing sentiment overview a quick insight into current market opportunities from investing in Onex Corp. Many technical investors use Onex Corp stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
Onex |
would have delivered you a 64 percent gain Simply Wall St
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Onex Corp Fundamental Analysis
We analyze Onex Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Onex Corp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Onex Corp 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.
Probability Of Bankruptcy
Probability Of Bankruptcy Comparative Analysis
Onex Corp is currently under evaluation in probability of bankruptcy category among its peers. Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
Onex Corp Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Onex Corp stock to make a market-neutral strategy. Peer analysis of Onex Corp could also be used in its relative valuation, which is a method of valuing Onex Corp by comparing valuation metrics with similar companies.
Peers
Onex Corp Related Equities
| WCN | Waste Connections | 0.92 | ||||
| FFH | Fairfax Financial | 0.81 | ||||
| IFC | Intact Financial | 0.63 | ||||
| OTEX | Open Text | 0.24 | ||||
| CCL-B | CCL Industries | 1.67 |
Other Information on Investing in Onex Stock
Onex Corp financial ratios help investors to determine whether Onex 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 Onex with respect to the benefits of owning Onex Corp security.