Macroaxis considers ON Semiconductor to be not very risky. ON Semiconductor
retains Efficiency (Sharpe Ratio) of -0.2873 which implies ON Semiconductor
had -0.2873% of return per unit of price deviation over the last 1 month. Macroaxis way in which we are forecasting risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators
. ON Semiconductor exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to check ON Semiconductor Corporation Standard Deviation
of 2.35 and Market Risk Adjusted Performance
of 1.19 to confirm risk estimate we provide. Macroaxis gives ON Semiconductor performance score of 0 on a scale of 0 to 100. The organization owns Beta (Systematic Risk) of 0.6861 which implies as returns on market increase, ON Semiconductor returns are expected to increase less than the market. However during bear market, the loss on holding ON Semiconductor will be expected to be smaller as well.. Even though it is essential to pay attention to ON Semiconductor existing price patterns, it is always good to be careful when utilizing equity price patterns. Macroaxis way in which we are forecasting future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. ON Semiconductor exposes twenty-one different technical indicators which can help you to evaluate its performance. ON Semiconductor has expected return of -0.6567%. Please be advised to check ON Semiconductor Corporation Standard Deviation as well as the relationship between Maximum Drawdown and Expected Short fall to decide if ON Semiconductor past performance will be repeated sooner or later.
|15 days auto-correlation|| 0.45 |
ON Semiconductor Corporation has average predictability. Overlapping area represents the amount of predictability between ON Semiconductor time series from September 16, 2018 to October 1, 2018 and October 1, 2018 to October 16, 2018. 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 0.45 indicates that just about 45.0% of current ON Semiconductor price fluctuation can be explain by its past prices.
|Spearman Rank Test||0.49|