On24 Inc Stock Market Value
| ONTF Stock | USD 6.44 0.01 0.16% |
| Symbol | ON24 |
ON24 Inc Price To Book Ratio
Is Application Software 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 ON24. If investors know ON24 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 ON24 listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.04) | Revenue Per Share 3.615 | Quarterly Revenue Growth (0.07) | Return On Assets (0.11) | Return On Equity (0.24) |
The market value of ON24 Inc is measured differently than its book value, which is the value of ON24 that is recorded on the company's balance sheet. Investors also form their own opinion of ON24's value that differs from its market value or its book value, called intrinsic value, which is ON24'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 ON24's market value can be influenced by many factors that don't directly affect ON24'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 ON24's value and its price as these two are different measures arrived at by different means. Investors typically determine if ON24 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ON24'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.
ON24 '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 ON24'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 ON24.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in ON24 on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding ON24 Inc or generate 0.0% return on investment in ON24 over 30 days. ON24 is related to or competes with Alkami Technology, Paycor HCM, Procore Technologies, and Enfusion. ON24, Inc. provides a cloud-based digital experience platform that enables businesses to convert customer engagement int... More
ON24 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 ON24'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 ON24 Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.05 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 11.19 | |||
| Value At Risk | (2.86) | |||
| Potential Upside | 3.22 |
ON24 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ON24's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ON24's standard deviation. In reality, there are many statistical measures that can use ON24 historical prices to predict the future ON24's volatility.| Risk Adjusted Performance | 0.0229 | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0204 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ON24'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.
ON24 Inc Backtested Returns
At this point, ON24 is somewhat reliable. ON24 Inc retains Efficiency (Sharpe Ratio) of 0.0106, which implies the firm had a 0.0106% return per unit of price deviation over the last 3 months. We have found twenty-nine technical indicators for ON24, which you can use to evaluate the volatility of the company. Please check ON24's market risk adjusted performance of 0.0304, and Standard Deviation of 2.19 to confirm if the risk estimate we provide is consistent with the expected return of 0.0231%. The company owns a Beta (Systematic Risk) of 1.82, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, ON24 will likely underperform. ON24 Inc at this time owns a risk of 2.17%. Please check ON24 Inc coefficient of variation, semi variance, price action indicator, as well as the relationship between the treynor ratio and daily balance of power , to decide if ON24 Inc will be following its current price history.
Auto-correlation | 0.49 |
Average predictability
ON24 Inc has average predictability. Overlapping area represents the amount of predictability between ON24 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 ON24 Inc price movement. The serial correlation of 0.49 indicates that about 49.0% of current ON24 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
ON24 Inc lagged returns against current returns
Autocorrelation, which is ON24 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 ON24's stock expected returns. We can calculate the autocorrelation of ON24 returns to help us make a trade decision. For example, suppose you find that ON24 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 |
ON24 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 ON24 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ON24 stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ON24 stock over time.
Current vs Lagged Prices |
| Timeline |
ON24 Lagged Returns
When evaluating ON24's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ON24 stock have on its future price. ON24 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, ON24 autocorrelation shows the relationship between ON24 stock current value and its past values and can show if there is a momentum factor associated with investing in ON24 Inc.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether ON24 Inc is a strong investment it is important to analyze ON24's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact ON24's future performance. For an informed investment choice regarding ON24 Stock, refer to the following important reports:Check out ON24 Correlation, ON24 Volatility and ON24 Alpha and Beta module to complement your research on ON24. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
ON24 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.