Onto Innovation Stock Probability of Future Stock Price Finishing Over 46.6
| ONTO Stock | USD 176.10 5.33 3.12% |
Closest to current price Onto long CALL Option Payoff at Expiration
Onto |
Onto Innovation Target Price Odds to finish over 46.6
The tendency of Onto Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay above $ 46.60 in 90 days |
| 176.10 | 90 days | 46.60 | close to 99 |
Based on a normal probability distribution, the odds of Onto Innovation to stay above $ 46.60 in 90 days from now is close to 99 (This Onto Innovation probability density function shows the probability of Onto Stock to fall within a particular range of prices over 90 days) . Probability of Onto Innovation price to stay between $ 46.60 and its current price of $176.1 at the end of the 90-day period is about 44.88 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.65 . This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Onto Innovation will likely underperform. Additionally Onto Innovation has an alpha of 0.0103, implying that it can generate a 0.0103 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Onto Innovation Price Density |
| Price |
Predictive Modules for Onto Innovation
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Onto Innovation. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Onto Innovation'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.
Onto Innovation Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Onto Innovation is not an exception. The market had few large corrections towards the Onto Innovation's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Onto Innovation, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Onto Innovation within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.01 | |
β | Beta against NYSE Composite | 1.65 | |
σ | Overall volatility | 9.76 | |
Ir | Information ratio | 0.02 |
Onto Innovation Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Onto Innovation for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Onto Innovation can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Onto Innovation is unlikely to experience financial distress in the next 2 years | |
| Over 99.0% of the company shares are owned by institutional investors | |
| Latest headline from investing.com: Onto Innovation enhances wafer inspection with new IR technology |
Onto Innovation Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Onto Stock often depends not only on the future outlook of the current and potential Onto Innovation's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Onto Innovation's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 49.3 M | |
| Cash And Short Term Investments | 697.8 M |
Onto Innovation Technical Analysis
Onto Innovation's future price can be derived by breaking down and analyzing its technical indicators over time. Onto Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Onto Innovation. In general, you should focus on analyzing Onto Stock price patterns and their correlations with different microeconomic environments and drivers.
Onto Innovation Predictive Forecast Models
Onto Innovation's time-series forecasting models is one of many Onto Innovation's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Onto Innovation's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Onto Innovation
Checking the ongoing alerts about Onto Innovation for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Onto Innovation help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Onto Innovation is unlikely to experience financial distress in the next 2 years | |
| Over 99.0% of the company shares are owned by institutional investors | |
| Latest headline from investing.com: Onto Innovation enhances wafer inspection with new IR technology |
Check out Onto Innovation Backtesting, Onto Innovation Valuation, Onto Innovation Correlation, Onto Innovation Hype Analysis, Onto Innovation Volatility, Onto Innovation History as well as Onto Innovation Performance. To learn how to invest in Onto Stock, please use our How to Invest in Onto Innovation guide.You can also try the CEOs Directory module to screen CEOs from public companies around the world.
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.