Onex Corp Net Income vs. Market Capitalization
Onex Corp Market Capitalization vs. Net Income Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Onex Corp's current stock value. Our valuation model uses many indicators to compare Onex Corp value to that of its competitors to determine the firm's financial worth. Onex Corp is considered to be number one stock in net income category among its peers. It also is considered to be number one stock in market capitalization category among its peers creating about 2.94 of Market Capitalization per Net Income. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Onex Corp's earnings, one of the primary drivers of an investment's value.Onex Market Capitalization vs. Net Income
Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Onex Corp |
| = | 1.41 B |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
Market Capitalization is the total market value of a company's equity. It is one of many ways to value a company and is calculated by multiplying the price of the stock by the number of shares issued. If a firm has one type of stock its market capitalization will be the current market share price multiplied by the number of shares. However, if a company has multiple types of equities then the market cap will be the total of the market caps of the different types of shares.
Onex Corp |
| = | 4.12 B |
In most publications or references market cap is broken down into the mega-cap, large-cap, mid-cap, small-cap, micro-cap, and nano-cap. Market Cap is a measurement of business as total market value of all of the outstanding shares at a given time, and can be used to compare different companies based on their size.
Onex Market Capitalization vs Competition
Onex Corp is considered to be number one stock in market capitalization category among its peers. Market capitalization of Financials industry is now estimated at about 50.11 Billion. Onex Corp holds roughly 4.12 Billion in market capitalization claiming about 8% of equities under Financials industry.
Onex Corp Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Onex Corp, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Onex Corp will eventually generate negative long term returns. The profitability progress is the general direction of Onex Corp's change in net profit over the period of time. It can combine multiple indicators of Onex Corp, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Onex Corporation is a private equity firm specializing in acquisitions and platform acquisitions. Onex Corporation was founded in 1984 and is based in Toronto, Canada with additional offices in New York, New York Englewood Cliffs, New Jersey Boston, Massachusetts and London, United Kingdom. Onex Corp operates under Asset Management classification in the United States and is traded on OTC Exchange.
Onex Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Onex Corp. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Onex Corp position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Onex Corp's important profitability drivers and their relationship over time.
Onex Corp Earnings per Share Projection vs Actual
Use Onex Corp in pair-trading
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 Onex Corp 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 Onex Corp will appreciate offsetting losses from the drop in the long position's value.Onex Corp Pair Trading
Onex Corp Pair Trading Analysis
The ability to find closely correlated positions to Onex Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Onex Corp 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 Onex Corp - 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 Onex Corp to buy it.
The correlation of Onex Corp 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 Onex Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Onex Corp 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 Onex Corp 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.Use Investing Themes to Complement your Onex Corp position
In addition to having Onex Corp in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Health Care ETFs
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Other Information on Investing in Onex Pink Sheet
To fully project Onex Corp's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Onex Corp at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Onex Corp's income statement, its balance sheet, and the statement of cash flows.