Onfolio Holdings Stock Market Value
| ONFO Stock | USD 1.38 0.07 5.34% |
| Symbol | Onfolio |
Onfolio Holdings Price To Book Ratio
Is Movies & Entertainment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Onfolio Holdings. If investors know Onfolio will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Onfolio Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.60) | Revenue Per Share 1.154 | Quarterly Revenue Growth 0.318 | Return On Assets (0.17) | Return On Equity (0.92) |
The market value of Onfolio Holdings is measured differently than its book value, which is the value of Onfolio that is recorded on the company's balance sheet. Investors also form their own opinion of Onfolio Holdings' value that differs from its market value or its book value, called intrinsic value, which is Onfolio Holdings' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Onfolio Holdings' market value can be influenced by many factors that don't directly affect Onfolio Holdings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Onfolio Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Onfolio Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Onfolio Holdings' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Onfolio Holdings 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Onfolio Holdings' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Onfolio Holdings.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Onfolio Holdings on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Onfolio Holdings or generate 0.0% return on investment in Onfolio Holdings over 30 days. Onfolio Holdings is related to or competes with Vivid Seats, EverQuote, Asset Entities, Zhihu, IZEA, MediaAlpha, and Starbox Group. Onfolio Holdings, Inc. acquires and develops internet businesses More
Onfolio Holdings Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Onfolio Holdings' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Onfolio Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.82 | |||
| Information Ratio | 0.0946 | |||
| Maximum Drawdown | 39.43 | |||
| Value At Risk | (11.11) | |||
| Potential Upside | 9.71 |
Onfolio Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Onfolio Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Onfolio Holdings' standard deviation. In reality, there are many statistical measures that can use Onfolio Holdings historical prices to predict the future Onfolio Holdings' volatility.| Risk Adjusted Performance | 0.0963 | |||
| Jensen Alpha | 0.774 | |||
| Total Risk Alpha | (0.38) | |||
| Sortino Ratio | 0.1136 | |||
| Treynor Ratio | 7.16 |
Onfolio Holdings Backtested Returns
Onfolio Holdings appears to be extremely dangerous, given 3 months investment horizon. Onfolio Holdings maintains Sharpe Ratio (i.e., Efficiency) of 0.094, which implies the firm had a 0.094% return per unit of risk over the last 3 months. By analyzing Onfolio Holdings' technical indicators, you can evaluate if the expected return of 0.66% is justified by implied risk. Please evaluate Onfolio Holdings' Semi Deviation of 5.56, coefficient of variation of 874.53, and Risk Adjusted Performance of 0.0963 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Onfolio Holdings holds a performance score of 7. The company holds a Beta of 0.11, which implies not very significant fluctuations relative to the market. As returns on the market increase, Onfolio Holdings' returns are expected to increase less than the market. However, during the bear market, the loss of holding Onfolio Holdings is expected to be smaller as well. Please check Onfolio Holdings' kurtosis, day typical price, as well as the relationship between the potential upside and total risk alpha , to make a quick decision on whether Onfolio Holdings' historical price patterns will revert.
Auto-correlation | -0.25 |
Weak reverse predictability
Onfolio Holdings has weak reverse predictability. Overlapping area represents the amount of predictability between Onfolio Holdings time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Onfolio Holdings price movement. The serial correlation of -0.25 indicates that over 25.0% of current Onfolio Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Onfolio Holdings lagged returns against current returns
Autocorrelation, which is Onfolio Holdings stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Onfolio Holdings' stock expected returns. We can calculate the autocorrelation of Onfolio Holdings returns to help us make a trade decision. For example, suppose you find that Onfolio Holdings has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Onfolio Holdings regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Onfolio Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Onfolio Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Onfolio Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Onfolio Holdings Lagged Returns
When evaluating Onfolio Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Onfolio Holdings stock have on its future price. Onfolio Holdings autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Onfolio Holdings autocorrelation shows the relationship between Onfolio Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Onfolio Holdings.
Regressed Prices |
| Timeline |
Pair Trading with Onfolio Holdings
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Onfolio Holdings position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Onfolio Holdings will appreciate offsetting losses from the drop in the long position's value.Moving against Onfolio Stock
| 0.67 | TC | TuanChe ADR | PairCorr |
| 0.67 | EVER | EverQuote Class A | PairCorr |
| 0.47 | IAC | IAC Inc | PairCorr |
| 0.39 | MAX | MediaAlpha | PairCorr |
| 0.32 | SLE | Super League Enterprise | PairCorr |
The ability to find closely correlated positions to Onfolio Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Onfolio Holdings when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Onfolio Holdings - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Onfolio Holdings to buy it.
The correlation of Onfolio Holdings is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Onfolio Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Onfolio Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Onfolio Holdings can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Onfolio Holdings Correlation, Onfolio Holdings Volatility and Onfolio Holdings Alpha and Beta module to complement your research on Onfolio Holdings. To learn how to invest in Onfolio Stock, please use our How to Invest in Onfolio Holdings guide.You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Onfolio Holdings 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.