On Holding Stock Market Value
| ONON Stock | USD 56.19 2.45 4.56% |
| Symbol | ONON |
On Holding Price To Book Ratio
Is Textiles, Apparel & Luxury Goods space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of On Holding. If investors know ONON will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about On Holding listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.49) | Earnings Share 0.44 | Revenue Per Share 6.706 | Quarterly Revenue Growth 0.323 | Return On Assets 0.0652 |
The market value of On Holding is measured differently than its book value, which is the value of ONON that is recorded on the company's balance sheet. Investors also form their own opinion of On Holding's value that differs from its market value or its book value, called intrinsic value, which is On Holding's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because On Holding's market value can be influenced by many factors that don't directly affect On Holding's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between On Holding's value and its price as these two are different measures arrived at by different means. Investors typically determine if On Holding is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, On Holding's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
On Holding '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 On Holding's stock 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 On Holding.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in On Holding on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding On Holding or generate 0.0% return on investment in On Holding over 30 days. On Holding is related to or competes with Crocs, Skechers USA, Nike, Designer Brands, Deckers Outdoor, Steven Madden, and Adidas AG. On Holding AG develops and distributes sports products worldwide More
On Holding 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 On Holding's stock 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 On Holding upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.63 | |||
| Information Ratio | 0.1368 | |||
| Maximum Drawdown | 9.28 | |||
| Value At Risk | (2.63) | |||
| Potential Upside | 4.4 |
On Holding Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for On Holding's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as On Holding's standard deviation. In reality, there are many statistical measures that can use On Holding historical prices to predict the future On Holding's volatility.| Risk Adjusted Performance | 0.1411 | |||
| Jensen Alpha | 0.3493 | |||
| Total Risk Alpha | 0.1392 | |||
| Sortino Ratio | 0.1933 | |||
| Treynor Ratio | 0.6792 |
On Holding Backtested Returns
On Holding appears to be very steady, given 3 months investment horizon. On Holding retains Efficiency (Sharpe Ratio) of 0.15, which implies the firm had a 0.15% return per unit of price deviation over the last 3 months. We have found twenty-nine technical indicators for On Holding, which you can use to evaluate the volatility of the company. Please evaluate On Holding's market risk adjusted performance of 0.6892, and Standard Deviation of 2.3 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, On Holding holds a performance score of 11. The company owns a Beta (Systematic Risk) of 0.59, which implies possible diversification benefits within a given portfolio. As returns on the market increase, On Holding's returns are expected to increase less than the market. However, during the bear market, the loss of holding On Holding is expected to be smaller as well. Please check On Holding's standard deviation, expected short fall, relative strength index, as well as the relationship between the maximum drawdown and rate of daily change , to make a quick decision on whether On Holding's current price history will revert.
Auto-correlation | 0.07 |
Virtually no predictability
On Holding has virtually no predictability. Overlapping area represents the amount of predictability between On Holding time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 On Holding price movement. The serial correlation of 0.07 indicates that barely 7.0% of current On Holding price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 2.1 |
On Holding lagged returns against current returns
Autocorrelation, which is On Holding stock'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 On Holding's stock expected returns. We can calculate the autocorrelation of On Holding returns to help us make a trade decision. For example, suppose you find that On Holding has exhibited high autocorrelation historically, and you observe that the stock 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 |
On Holding 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 On Holding stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if On Holding stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in On Holding stock over time.
Current vs Lagged Prices |
| Timeline |
On Holding Lagged Returns
When evaluating On Holding's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of On Holding stock have on its future price. On Holding 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, On Holding autocorrelation shows the relationship between On Holding stock current value and its past values and can show if there is a momentum factor associated with investing in On Holding.
Regressed Prices |
| Timeline |
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 together with ONON Stock
Moving against ONON Stock
| 0.74 | VMAR | Vision Marine Techno Fiscal Year End 25th of November 2024 | PairCorr |
| 0.68 | WLDS | Wearable Devices | PairCorr |
| 0.59 | DOOO | BRP Inc Earnings Call This Week | PairCorr |
| 0.53 | FEBO | Fenbo Holdings | PairCorr |
| 0.35 | EZGO | EZGO Technologies | 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 On Holding Correlation, On Holding Volatility and On Holding Alpha and Beta module to complement your research on On Holding. To learn how to invest in ONON Stock, please use our How to Invest in On Holding guide.You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
On Holding technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.