Onto Innovation Stock Alpha and Beta Analysis

ONTO Stock  USD 78.12  2.39  2.97%   
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Onto Innovation. It also helps investors analyze the systematic and unsystematic risks associated with investing in Onto Innovation over a specified time horizon. Remember, high Onto Innovation's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation.
Please check Onto Innovation Backtesting, Onto Innovation Valuation, Onto Innovation Correlation, Onto Innovation Hype Analysis, Onto Innovation Volatility, Onto Innovation History and analyze Onto Innovation Performance.
Please note that although Onto Innovation alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., NYSE Composite index.) So in this particular case, Onto Innovation did 0.031472  worse than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of Onto Innovation stock's relative risk over its benchmark. Onto Innovation has a beta of 2.23  . Let's try to break down what Onto Innovation's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Onto Innovation will likely underperform.
Onto Innovation Tangible Asset Value is quite stable at the moment as compared to the past year. The company's current Tangible Asset Value is estimated at 954.76 Million.
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.

Enterprise Value

2.22 Billion

Onto Innovation Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Onto Innovation market risk premium is the additional return an investor will receive from holding Onto Innovation long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Onto Innovation. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Onto Innovation's performance over market.
α-0.03   β2.23
90 days against NYA

Onto Innovation expected buy-and-hold returns

Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Onto Innovation's Buy-and-hold return. Our buy-and-hold chart shows how Onto Innovation performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

Onto Innovation Market Price Analysis

Market price analysis 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 understating and applying Onto Innovation stock market price indicators, traders can identify Onto Innovation position entry and exit signals to maximize returns.

Onto Innovation Return and Market Media

The median price of Onto Innovation for the period between Mon, Oct 31, 2022 and Sun, Jan 29, 2023 is 76.08 with a coefficient of variation of 7.04. The daily time series for the period is distributed with a sample standard deviation of 5.25, arithmetic mean of 74.61, and mean deviation of 4.48. The Stock received a lot of media exposure during the period.
 Price Growth (%)  
Nano Price Tops 0.61 on Exchanges11/15/2022
Nano Price Tops 0.77 on Exchanges11/30/2022
Nano Tops 24 Hour Trading Volume of 611,741.1412/27/2022
Nano Market Capitalization Achieves 87.30 Million01/04/2023
Nano Price Tops 0.6601/05/2023
Onto Innovation Upgraded by StockNews.com to Buy01/09/2023
Onto Innovation to Report Fourth Quarter and Full Year 2022 ...01/12/2023
Is Now An Opportune Moment To Examine Onto Innovation Inc.01/20/2023
Onto Innovation Welcomes Stephen D. Kelley to its Board of D...01/24/2023
4 Top Stocks to Benefit as Inflation is on the Wane - Yahoo ...01/27/2023

About Onto Innovation Beta and Alpha

For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Onto Innovation or other stocks. Alpha measures the amount that position in Onto Innovation has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
 2022 2023 (projected)
Long Term Debt to Equity0.03660.0521
Interest Coverage458.64494.85

Onto Innovation Upcoming Company Events

As portrayed in its financial statements, the presentation of Onto Innovation's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Onto Innovation's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Onto Innovation's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Onto Innovation. Please utilize our Beneish M Score to check the likelihood of Onto Innovation's management manipulating its earnings.
Upcoming Quarterly Report3rd of February 2022
Next Financial Report5th of May 2022
Next Fiscal Quarter End31st of December 2021
Next Fiscal Year End3rd of February 2022
Last Quarter Report30th of September 2021
Last Financial Announcement31st of December 2020

Build Portfolio with Onto Innovation

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By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
Please check Onto Innovation Backtesting, Onto Innovation Valuation, Onto Innovation Correlation, Onto Innovation Hype Analysis, Onto Innovation Volatility, Onto Innovation History and analyze Onto Innovation Performance. You can also try Money Managers module to screen money managers from public funds and ETFs managed around the world.

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Onto Innovation 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.
A focus of Onto Innovation technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Onto Innovation trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...