Onto Innovation Stock Alpha and Beta Analysis
| ONTO Stock | USD 169.39 8.24 4.64% |
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. Key technical indicators related to Onto Innovation's market risk premium analysis include:
Beta 1.8 | Alpha 0.12 | Risk 2.94 | Sharpe Ratio 0.0197 | Expected Return 0.0578 |
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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.
Onto |
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 | 0.12 | β | 1.80 |
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 Sun, Jan 21, 2024 and Sat, Apr 20, 2024 is 180.01 with a coefficient of variation of 6.1. The daily time series for the period is distributed with a sample standard deviation of 10.78, arithmetic mean of 176.66, and mean deviation of 8.88. The Stock received a lot of media exposure during the period. Price Growth (%) |
| Timeline |
1 | Wealthspire Advisors LLC Buys Shares of 2,256 Onto Innovation Inc. | 01/31/2024 |
2 | Payment of 463 shares by Srinivas Vedula of Onto Innovation subject to Rule 16b-3 | 02/16/2024 |
3 | Onto Innovation Inc. Forecasted to Post Q1 2024 Earnings of 1.08 Per Share | 03/01/2024 |
4 | Acquisition by Michael Plisinski of 11943 shares of Onto Innovation subject to Rule 16b-3 | 03/05/2024 |
5 | If You Invested 100 In This Stock 10 Years Ago, You Would Have 1,200 Today | 03/15/2024 |
6 | Onto Innovation Welcomes Susan Lynch to its Board of Directors | 03/18/2024 |
7 | Disposition of 3812 shares by Michael Plisinski of Onto Innovation at 173.08 subject to Rule 16b-3 | 03/19/2024 |
8 | THE FRENCH BULLDOG HOLDS ONTO ITS RANKING AS THE MOST POPULAR BREED IN HOUSTON | 03/20/2024 |
9 | Onto Innovation Inc CEO Michael Plisinski Sells 40,000 Shares | 03/22/2024 |
10 | Should You Think About Buying Onto Innovation Inc. Now | 04/01/2024 |
11 | Disposition of 302 shares by Srinivas Vedula of Onto Innovation at 185.3 subject to Rule 16b-3 | 04/03/2024 |
12 | What Makes Onto Innovation a New Buy Stock | 04/10/2024 |
13 | Nano Dimension Refreshes Corporate Governance by Appointing Major General Eitan Ben-Eliahu to the Companys Board of Directors | 04/16/2024 |
14 | Onto Innovation Insiders Sell US1.8m Of Stock, Possibly Signalling Caution | 04/19/2024 |
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 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.
| 2019 | 2022 | 2023 | 2024 (projected) | Days Sales Outstanding | 147.55 | 87.65 | 100.8 | 112.27 | PTB Ratio | 0.86 | 2.11 | 1.9 | 1.49 |
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.
| 8th of February 2024 Upcoming Quarterly Report | View | |
| 2nd of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 8th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Build Portfolio with Onto Innovation
Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.Build Diversified Portfolios
Align your risk with return expectations
Check out Onto Innovation Backtesting, Onto Innovation Valuation, Onto Innovation Correlation, Onto Innovation Hype Analysis, Onto Innovation Volatility, Onto Innovation History and analyze 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 AI Investment Finder module to use AI to screen and filter profitable investment opportunities.
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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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.