Onex Corp Stock Alpha and Beta Analysis
| ONEX Stock | CAD 113.93 1.31 1.14% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Onex Corp. It also helps investors analyze the systematic and unsystematic risks associated with investing in Onex Corp over a specified time horizon. Remember, high Onex Corp's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Onex Corp's market risk premium analysis include:
Beta 0.81 | Alpha 0.21 | Risk 1.67 | Sharpe Ratio 0.2 | Expected Return 0.34 |
Onex Corp Quarterly Cash And Equivalents |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Onex |
Onex Corp Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Onex Corp market risk premium is the additional return an investor will receive from holding Onex Corp long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Onex Corp. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Onex Corp's performance over market.| α | 0.21 | β | 0.81 |
Onex Corp expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Onex Corp's Buy-and-hold return. Our buy-and-hold chart shows how Onex Corp performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Onex Corp Market Price Analysis
Market price analysis indicators help investors to evaluate how Onex Corp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Onex Corp shares will generate the highest return on investment. By understating and applying Onex Corp stock market price indicators, traders can identify Onex Corp position entry and exit signals to maximize returns.
Onex Corp Return and Market Media
The median price of Onex Corp for the period between Thu, Aug 29, 2024 and Wed, Nov 27, 2024 is 97.45 with a coefficient of variation of 8.23. The daily time series for the period is distributed with a sample standard deviation of 8.18, arithmetic mean of 99.3, and mean deviation of 6.49. The Stock received some media coverage during the period. Price Growth (%) |
| Timeline |
1 | Onex Insiders Sold US187m Of Shares Suggesting Hesitancy - Simply Wall St | 09/03/2024 |
2 | Bain Capital Completes Acquisition of PowerSchool - StockTitan | 10/01/2024 |
3 | Mondays analyst upgrades and downgrades - The Globe and Mail | 11/11/2024 |
About Onex Corp Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Onex or other stocks. Alpha measures the amount that position in Onex Corp has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.004008 | 0.006351 | 0.004393 | 0.004174 | Price To Sales Ratio | 3.44 | 9.37 | 5.04 | 5.3 |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Onex Corp in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Onex Corp's short interest history, or implied volatility extrapolated from Onex Corp options trading.
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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.