Onex Corp Stock Market Value
| ONEXF Stock | USD 81.47 0.46 0.57% |
| Symbol | Onex |
Onex Corp 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Onex Corp's pink sheet what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Onex Corp.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Onex Corp on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Onex Corp or generate 0.0% return on investment in Onex Corp over 30 days. Onex Corp is related to or competes with Cohen Steers, Artisan Partners, Principal Financial, Invesco Plc, Eaton Vance, Pioneer Floating, and Princeton Capital. Onex Corporation is a private equity firm specializing in acquisitions and platform acquisitions More
Onex Corp Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Onex Corp's pink sheet current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Onex Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.0 | |||
| Information Ratio | 0.0385 | |||
| Maximum Drawdown | 17.1 | |||
| Value At Risk | (2.24) | |||
| Potential Upside | 3.75 |
Onex Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Onex Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Onex Corp's standard deviation. In reality, there are many statistical measures that can use Onex Corp historical prices to predict the future Onex Corp's volatility.| Risk Adjusted Performance | 0.0738 | |||
| Jensen Alpha | 0.1896 | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | 0.0364 | |||
| Treynor Ratio | 0.6396 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Onex Corp's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Onex Corp Backtested Returns
Onex Corp appears to be very steady, given 3 months investment horizon. Onex Corp maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the firm had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Onex Corp, which you can use to evaluate the volatility of the company. Please evaluate Onex Corp's Risk Adjusted Performance of 0.0738, semi deviation of 2.14, and Coefficient Of Variation of 1149.93 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Onex Corp holds a performance score of 8. The company holds a Beta of 0.37, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Onex Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Onex Corp is expected to be smaller as well. Please check Onex Corp's potential upside, and the relationship between the total risk alpha and kurtosis , to make a quick decision on whether Onex Corp's historical price patterns will revert.
Auto-correlation | 0.79 |
Good predictability
Onex Corp has good predictability. Overlapping area represents the amount of predictability between Onex Corp time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Onex Corp price movement. The serial correlation of 0.79 indicates that around 79.0% of current Onex Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.6 |
Onex Corp lagged returns against current returns
Autocorrelation, which is Onex Corp pink sheet's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Onex Corp's pink sheet expected returns. We can calculate the autocorrelation of Onex Corp returns to help us make a trade decision. For example, suppose you find that Onex Corp has exhibited high autocorrelation historically, and you observe that the pink sheet is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Onex Corp regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Onex Corp pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Onex Corp pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Onex Corp pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Onex Corp Lagged Returns
When evaluating Onex Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Onex Corp pink sheet have on its future price. Onex Corp autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Onex Corp autocorrelation shows the relationship between Onex Corp pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Onex Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Onex Pink Sheet
Onex Corp financial ratios help investors to determine whether Onex Pink Sheet 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.