Onex Corp Stock Technical Analysis
| ONEX Stock | CAD 98.35 0.79 0.81% |
As of the 19th of April, Onex Corp holds the Variance of 1.93, coefficient of variation of (2,067), and Risk Adjusted Performance of (0.02). Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Onex Corp, as well as the relationship between them. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We were able to interpolate thirteen technical drivers for Onex Corp, which can be compared to its competitors. Please check Onex Corp standard deviation, information ratio, maximum drawdown, as well as the relationship between the variance and treynor ratio to decide if Onex Corp is priced some-what accurately, providing market reflects its current price of 98.35 per share.
Onex Corp Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Onex, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to OnexOnex |
Onex Corp 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.
Onex Corp Technical Analysis
The output start index for this execution was three with a total number of output elements of fifty-eight. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Onex Corp volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Onex Corp Trend Analysis
Use this graph to draw trend lines for Onex Corp. You can use it to identify possible trend reversals for Onex Corp as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Onex Corp price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Onex Corp Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Onex Corp applied against its price change over selected period. The best fit line has a slop of 0.08 , which may suggest that Onex Corp market price will keep on failing further. It has 122 observation points and a regression sum of squares at 261.54, which is the sum of squared deviations for the predicted Onex Corp price change compared to its average price change.About Onex Corp Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Onex Corp on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Onex Corp based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Onex Corp price pattern first instead of the macroeconomic environment surrounding Onex Corp. By analyzing Onex Corp's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Onex Corp's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Onex Corp specific price patterns or momentum indicators. Please read more on our technical analysis page.
Onex Corp April 19, 2024 Technical Indicators
Most technical analysis of Onex help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Onex from various momentum indicators to cycle indicators. When you analyze Onex charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.02) | |||
| Market Risk Adjusted Performance | 0.1746 | |||
| Mean Deviation | 1.01 | |||
| Coefficient Of Variation | (2,067) | |||
| Standard Deviation | 1.39 | |||
| Variance | 1.93 | |||
| Information Ratio | (0.1) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | 0.1646 | |||
| Maximum Drawdown | 8.15 | |||
| Value At Risk | (1.85) | |||
| Potential Upside | 2.09 | |||
| Skewness | (0.93) | |||
| Kurtosis | 4.16 |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Onex Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Complementary Tools for Onex Stock analysis
When running Onex Corp's price analysis, check to measure Onex Corp'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 Onex Corp is operating at the current time. Most of Onex Corp's value examination focuses on studying past and present price action to predict the probability of Onex Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Onex Corp's price. Additionally, you may evaluate how the addition of Onex Corp to your portfolios can decrease your overall portfolio volatility.
| ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments | |
| Bonds Directory Find actively traded corporate debentures issued by US companies | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
| CEOs Directory Screen CEOs from public companies around the world | |
| Commodity Directory Find actively traded commodities issued by global exchanges | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities |