Onward Medical (Belgium) Performance
| ONWD Stock | 5.42 0.10 1.81% |
On a scale of 0 to 100, Onward Medical holds a performance score of 6. The company holds a Beta of 0.43, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Onward Medical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Onward Medical is expected to be smaller as well. Please check Onward Medical's maximum drawdown, potential upside, semi variance, as well as the relationship between the value at risk and downside variance , to make a quick decision on whether Onward Medical's historical price patterns will revert.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Onward Medical NV are ranked lower than 6 (%) of all global equities and portfolios over the last 90 days. Even with relatively weak basic indicators, Onward Medical reported solid returns over the last few months and may actually be approaching a breakup point. ...more
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Onward Medical Relative Risk vs. Return Landscape
If you would invest 470.00 in Onward Medical NV on December 2, 2024 and sell it today you would earn a total of 72.00 from holding Onward Medical NV or generate 15.32% return on investment over 90 days. Onward Medical NV is generating 0.2722% of daily returns and assumes 3.0832% volatility on return distribution over the 90 days horizon. Simply put, 27% of stocks are less volatile than Onward, and 95% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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Onward Medical Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Onward Medical's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Onward Medical NV, and traders can use it to determine the average amount a Onward Medical's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0883
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Estimated Market Risk
| 3.08 actual daily | 27 73% of assets are more volatile |
Expected Return
| 0.27 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.09 actual daily | 6 94% of assets perform better |
Based on monthly moving average Onward Medical is performing at about 6% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Onward Medical by adding it to a well-diversified portfolio.
Things to note about Onward Medical NV performance evaluation
Checking the ongoing alerts about Onward Medical for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Onward Medical NV help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Onward Medical NV had very high historical volatility over the last 90 days |
- Analyzing Onward Medical's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Onward Medical's stock is overvalued or undervalued compared to its peers.
- Examining Onward Medical's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Onward Medical's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Onward Medical's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Onward Medical's stock. These opinions can provide insight into Onward Medical's potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for Onward Stock Analysis
When running Onward Medical's price analysis, check to measure Onward Medical'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 Onward Medical is operating at the current time. Most of Onward Medical's value examination focuses on studying past and present price action to predict the probability of Onward Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Onward Medical's price. Additionally, you may evaluate how the addition of Onward Medical to your portfolios can decrease your overall portfolio volatility.