On Semiconductor Stock Market Value
| ON Stock | USD 62.93 1.54 2.39% |
| Symbol | ON Semiconductor |
ON Semiconductor Price To Book Ratio
Is ON Semiconductor's industry 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 Semiconductor. If investors know ON Semiconductor 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 Semiconductor 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 (0.05) | Earnings Share 4.89 | Revenue Per Share 19.162 | Quarterly Revenue Growth (0.04) | Return On Assets 0.1294 |
The market value of ON Semiconductor is measured differently than its book value, which is the value of ON Semiconductor that is recorded on the company's balance sheet. Investors also form their own opinion of ON Semiconductor's value that differs from its market value or its book value, called intrinsic value, which is ON Semiconductor'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 Semiconductor's market value can be influenced by many factors that don't directly affect ON Semiconductor'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 Semiconductor's value and its price as these two are different measures arrived at by different means. Investors typically determine if ON Semiconductor is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ON Semiconductor'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 Semiconductor '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 Semiconductor'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 Semiconductor.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in ON Semiconductor on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding ON Semiconductor or generate 0.0% return on investment in ON Semiconductor over 30 days. ON Semiconductor is related to or competes with Texas Instruments, Microchip Technology, Analog Devices, Qorvo, Monolithic Power, NXP Semiconductors, and Navitas Semiconductor. ON Semiconductor Corporation provides intelligent sensing and power solutions worldwide More
ON Semiconductor 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 Semiconductor'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 Semiconductor upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 15.15 | |||
| Value At Risk | (3.62) | |||
| Potential Upside | 3.92 |
ON Semiconductor Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ON Semiconductor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ON Semiconductor's standard deviation. In reality, there are many statistical measures that can use ON Semiconductor historical prices to predict the future ON Semiconductor's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.32) | |||
| Total Risk Alpha | (0.47) | |||
| Treynor Ratio | (0.12) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ON Semiconductor'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.
ON Semiconductor Backtested Returns
ON Semiconductor retains Efficiency (Sharpe Ratio) of -0.09, which implies the firm had a -0.09% return per unit of price deviation over the last 3 months. ON Semiconductor exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check ON Semiconductor's information ratio of (0.10), and Market Risk Adjusted Performance of (0.11) to confirm the risk estimate we provide. The company owns a Beta (Systematic Risk) of 1.75, 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, ON Semiconductor will likely underperform. ON Semiconductor has an expected return of -0.25%. Please make sure to check ON Semiconductor total risk alpha, as well as the relationship between the skewness and day median price , to decide if ON Semiconductor performance from the past will be repeated sooner or later.
Auto-correlation | 0.82 |
Very good predictability
ON Semiconductor has very good predictability. Overlapping area represents the amount of predictability between ON Semiconductor time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th of April 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 Semiconductor price movement. The serial correlation of 0.82 indicates that around 82.0% of current ON Semiconductor price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 6.71 |
ON Semiconductor lagged returns against current returns
Autocorrelation, which is ON Semiconductor 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 Semiconductor's stock expected returns. We can calculate the autocorrelation of ON Semiconductor returns to help us make a trade decision. For example, suppose you find that ON Semiconductor 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 Semiconductor 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 Semiconductor stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ON Semiconductor stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ON Semiconductor stock over time.
Current vs Lagged Prices |
| Timeline |
ON Semiconductor Lagged Returns
When evaluating ON Semiconductor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ON Semiconductor stock have on its future price. ON Semiconductor 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 Semiconductor autocorrelation shows the relationship between ON Semiconductor stock current value and its past values and can show if there is a momentum factor associated with investing in ON Semiconductor.
Regressed Prices |
| Timeline |
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Complementary Tools for ON Semiconductor Stock analysis
When running ON Semiconductor's price analysis, check to measure ON Semiconductor's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ON Semiconductor is operating at the current time. Most of ON Semiconductor's value examination focuses on studying past and present price action to predict the probability of ON Semiconductor's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ON Semiconductor's price. Additionally, you may evaluate how the addition of ON Semiconductor to your portfolios can decrease your overall portfolio volatility.
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ON Semiconductor 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.