Best Stock to Buy Right Now Nike vs. On Holding
| ONON Stock | USD 49.89 1.49 3.08% |
About 54% of On Holding's investors are presently thinking to get in. The analysis of overall sentiment of trading On Holding stock suggests that some investors are interested at this time. On Holding's investing sentiment overview a quick insight into current market opportunities from investing in On Holding. Many technical investors use On Holding stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
ONON |
These are two companies heading in very different directions.
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On Holding Fundamental Analysis
We analyze On Holding's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of On Holding using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of On Holding based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Price To Earning
Price To Earning Comparative Analysis
On Holding is currently under evaluation in price to earning category among its peers. Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
On Holding Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with On Holding stock to make a market-neutral strategy. Peer analysis of On Holding could also be used in its relative valuation, which is a method of valuing On Holding by comparing valuation metrics with similar companies.
Peers
On Holding Related Equities
| VRA | Vera Bradley | 2.23 | ||||
| CROX | Crocs | 1.73 | ||||
| WEYS | Weyco | 1.66 | ||||
| DECK | Deckers Outdoor | 1.53 | ||||
| SKX | Skechers USA | 0.23 | ||||
| ADDYY | Adidas AG | 0.53 | ||||
| NKE | Nike | 0.67 | ||||
| CAL | Continental | 0.78 | ||||
| WWW | Wolverine World | 1.70 | ||||
| DBI | Designer Brands | 6.58 | ||||
| SHOO | Steven Madden | 8.05 | ||||
| RCKY | Rocky Brands | 10.90 |
Check out On Holding Hype Analysis, On Holding Correlation and On Holding Performance. To learn how to invest in ONON Stock, please use our How to Invest in On Holding guide.You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Is Textiles, Apparel & Luxury Goods 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 On Holding. If investors know ONON 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 On Holding listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of On Holding is measured differently than its book value, which is the value of ONON that is recorded on the company's balance sheet. Investors also form their own opinion of On Holding's value that differs from its market value or its book value, called intrinsic value, which is On Holding's 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 On Holding's market value can be influenced by many factors that don't directly affect On Holding's 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 On Holding's value and its price as these two are different measures arrived at by different means. Investors typically determine if On Holding is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, On Holding's 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.