Onto Innovation Stock Forecast - Skewness
ONTO Stock | USD 189.72 6.65 3.63% |
Onto Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Onto Innovation stock prices and determine the direction of Onto Innovation's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Onto Innovation's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Onto Innovation's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Onto Innovation's systematic risk associated with finding meaningful patterns of Onto Innovation fundamentals over time.
Check out Historical Fundamental Analysis of Onto Innovation to cross-verify your projections. Onto |
Open Interest Against 2024-04-19 Onto Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Onto Innovation's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Onto Innovation's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Onto Innovation stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Onto Innovation's open interest, investors have to compare it to Onto Innovation's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Onto Innovation is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Onto. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Onto Innovation cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Onto Innovation's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Onto Innovation's price structures and extracts relationships that further increase the generated results' accuracy.
Previous Skewness | Skewness | Trend |
0 | 0 |
Check Onto Innovation Volatility | Backtest Onto Innovation | Information Ratio |
Onto Innovation Trading Date Momentum
On April 17 2024 Onto Innovation was traded for 189.72 at the closing time. The top price for the day was 190.52 and the lowest listed price was 182.91 . There was no trading activity during the period 0.0. Lack of trading volume on April 17, 2024 did not cause price change. The trading delta at closing time against the current closing price is 2.95% . |
Compare Onto Innovation to competition |
Other Forecasting Options for Onto Innovation
For every potential investor in Onto, whether a beginner or expert, Onto Innovation's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Onto Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Onto. Basic forecasting techniques help filter out the noise by identifying Onto Innovation's price trends.Onto Innovation Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Onto Innovation stock to make a market-neutral strategy. Peer analysis of Onto Innovation could also be used in its relative valuation, which is a method of valuing Onto Innovation by comparing valuation metrics with similar companies.
Risk & Return | Correlation |
Onto Innovation Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Onto Innovation's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Onto Innovation's current price.Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Onto Innovation Market Strength Events
Market strength indicators help investors to evaluate how Onto Innovation stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Onto Innovation shares will generate the highest return on investment. By undertsting and applying Onto Innovation stock market strength indicators, traders can identify Onto Innovation entry and exit signals to maximize returns.
Onto Innovation Risk Indicators
The analysis of Onto Innovation's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Onto Innovation's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting onto stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Mean Deviation | 2.18 | |||
Semi Deviation | 2.55 | |||
Standard Deviation | 2.94 | |||
Variance | 8.64 | |||
Downside Variance | 9.22 | |||
Semi Variance | 6.5 | |||
Expected Short fall | (2.27) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Onto Innovation Investors Sentiment
The influence of Onto Innovation's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Onto. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Onto Innovation's public news can be used to forecast risks associated with an investment in Onto. The trend in average sentiment can be used to explain how an investor holding Onto can time the market purely based on public headlines and social activities around Onto Innovation. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Onto Innovation's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Onto Innovation's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Onto Innovation's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Onto Innovation.
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 Onto Innovation 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, Onto Innovation's short interest history, or implied volatility extrapolated from Onto Innovation options trading.
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Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of Onto Innovation to cross-verify your projections. To learn how to invest in Onto Stock, please use our How to Invest in Onto Innovation guide.You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Complementary Tools for Onto Stock analysis
When running Onto Innovation's price analysis, check to measure Onto Innovation'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 Onto Innovation is operating at the current time. Most of Onto Innovation's value examination focuses on studying past and present price action to predict the probability of Onto Innovation's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Onto Innovation's price. Additionally, you may evaluate how the addition of Onto Innovation to your portfolios can decrease your overall portfolio volatility.
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Is Onto Innovation'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 Onto Innovation. If investors know Onto 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 Onto Innovation 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 (0.54) | Earnings Share 2.47 | Revenue Per Share 16.66 | Quarterly Revenue Growth (0.14) | Return On Assets 0.0392 |
The market value of Onto Innovation is measured differently than its book value, which is the value of Onto that is recorded on the company's balance sheet. Investors also form their own opinion of Onto Innovation's value that differs from its market value or its book value, called intrinsic value, which is Onto Innovation'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 Onto Innovation's market value can be influenced by many factors that don't directly affect Onto Innovation'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 Onto Innovation's value and its price as these two are different measures arrived at by different means. Investors typically determine if Onto Innovation is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Onto Innovation'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.