On Semiconductor Story

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ON -- USA Stock  

USD 40.27  2.53  6.70%

ON Semiconductor is generating 0.5357% of daily returns and assumes 1.9437% volatility on return distribution over the 90 days horizon. Although many risk-takers are getting more into technology space, some of us are not very happy with ON Semiconductor's current volatility. We will inspect if the expected returns on ON Semiconductor will justify its current volatility.
Published over three weeks ago
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What March volatility we project for ON Semiconductor (NASDAQ:ON)?
ON Semiconductor reports roughly 1.65 B in cash with 575.6 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 4.02.
Volatility is a rate at which the price of On Semiconductor or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of On Semiconductor may increase or decrease. In other words, similar to On Semiconductor's beta indicator, it measures the risk of On Semiconductor and helps estimate the fluctuations that may happen in a short period of time. So if prices of On Semiconductor fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.

How important is On Semiconductor's Liquidity

On Semiconductor financial leverage refers to using borrowed capital as a funding source to finance On Semiconductor ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. On Semiconductor financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between On Semiconductor's total debt and its cash.

What do experts say?

Stock analysis is a method for investors and traders to make buying and selling decisions. By studying and evaluating past and current data, investors and traders attempt to gain an edge in the markets by making informed decisions.
It is good to see analyst projects for On Semiconductor, but it might be worth checking our own buy vs. sell analysis

On Semiconductor Volatility Drivers

On Semiconductor unsystematic risk is unique to On Semiconductor and usually not directly affected by the market or economic environment. An example of unsystematic risk is the possibility of poor earnings or a layoff due to coronavirus. One may mitigate nonsystematic risk by buying different securities in the same industry or by buying in different sectors. For example, if you have a position in On Semiconductor you can also buy Celestica. You can also mitigate this risk by investing in the semiconductors sector as well as in companies having nothing to do with it. This type of risk is also called diversifiable risk and can be understood from analyzing On Semiconductor important indicators over time. Here we run a correlation analysis between relevant fundamental ratios over at least ten year period to find a relationship in the way they react to changes in On Semiconductor income statement and balance sheet. Here are more details about On Semiconductor volatility.
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