Stock Analysis on Net

ON Semiconductor Corp. (NASDAQ:ON)

¡Esta empresa ha sido trasladada al archivo! Los datos financieros no se han actualizado desde el 31 de octubre de 2022.

Modelo de fijación de precios de activos de capital (CAPM) 

Microsoft Excel

Tasas de retorno

ON Semiconductor Corp., tasas mensuales de retorno

Microsoft Excel
ON Semiconductor Corp. (ON) Standard & Poor’s 500 (S&P 500)
t Fecha PrecioON,t1 DividendoON,t1 RON,t2 PrecioS&P 500,t RS&P 500,t3
31 ene. 2017 $13.32 2,278.87
1. 28 feb. 2017 $15.13 13.59% 2,363.64 3.72%
2. 31 mar. 2017 $15.49 2.38% 2,362.72 -0.04%
3. 30 abr. 2017 $14.18 -8.46% 2,384.20 0.91%
. . . . . . .
. . . . . . .
. . . . . . .
58. 30 nov. 2021 $61.43 27.79% 4,567.00 -0.83%
59. 31 dic. 2021 $67.92 10.56% 4,766.18 4.36%
Promedio (R): 3.55% 1.36%
Desviación estándar: 12.22% 4.48%
ON Semiconductor Corp. (ON) Standard & Poor’s 500 (S&P 500)
t Fecha PrecioON,t1 DividendoON,t1 RON,t2 PrecioS&P 500,t RS&P 500,t3
31 ene. 2017 $13.32 2,278.87
1. 28 feb. 2017 $15.13 13.59% 2,363.64 3.72%
2. 31 mar. 2017 $15.49 2.38% 2,362.72 -0.04%
3. 30 abr. 2017 $14.18 -8.46% 2,384.20 0.91%
4. 31 may. 2017 $15.48 9.17% 2,411.80 1.16%
5. 30 jun. 2017 $14.04 -9.30% 2,423.41 0.48%
6. 31 jul. 2017 $14.95 6.48% 2,470.30 1.93%
7. 31 ago. 2017 $17.08 14.25% 2,471.65 0.05%
8. 30 sept. 2017 $18.47 8.14% 2,519.36 1.93%
9. 31 oct. 2017 $21.32 15.43% 2,575.26 2.22%
10. 30 nov. 2017 $20.08 -5.82% 2,647.58 2.81%
11. 31 dic. 2017 $20.94 4.28% 2,673.61 0.98%
12. 31 ene. 2018 $24.74 18.15% 2,823.81 5.62%
13. 28 feb. 2018 $23.92 -3.31% 2,713.83 -3.89%
14. 31 mar. 2018 $24.46 2.26% 2,640.87 -2.69%
15. 30 abr. 2018 $22.08 -9.73% 2,648.05 0.27%
16. 31 may. 2018 $25.13 13.81% 2,705.27 2.16%
17. 30 jun. 2018 $22.24 -11.50% 2,718.37 0.48%
18. 31 jul. 2018 $22.05 -0.85% 2,816.29 3.60%
19. 31 ago. 2018 $21.34 -3.22% 2,901.52 3.03%
20. 30 sept. 2018 $18.43 -13.64% 2,913.98 0.43%
21. 31 oct. 2018 $17.00 -7.76% 2,711.74 -6.94%
22. 30 nov. 2018 $19.18 12.82% 2,760.17 1.79%
23. 31 dic. 2018 $16.51 -13.92% 2,506.85 -9.18%
24. 31 ene. 2019 $20.04 21.38% 2,704.10 7.87%
25. 28 feb. 2019 $21.48 7.19% 2,784.49 2.97%
26. 31 mar. 2019 $20.57 -4.24% 2,834.40 1.79%
27. 30 abr. 2019 $23.06 12.11% 2,945.83 3.93%
28. 31 may. 2019 $17.76 -22.98% 2,752.06 -6.58%
29. 30 jun. 2019 $20.21 13.80% 2,941.76 6.89%
30. 31 jul. 2019 $21.51 6.43% 2,980.38 1.31%
31. 31 ago. 2019 $17.80 -17.25% 2,926.46 -1.81%
32. 30 sept. 2019 $19.21 7.92% 2,976.74 1.72%
33. 31 oct. 2019 $20.40 6.19% 3,037.56 2.04%
34. 30 nov. 2019 $21.47 5.25% 3,140.98 3.40%
35. 31 dic. 2019 $24.38 13.55% 3,230.78 2.86%
36. 31 ene. 2020 $23.15 -5.05% 3,225.52 -0.16%
37. 29 feb. 2020 $18.66 -19.40% 2,954.22 -8.41%
38. 31 mar. 2020 $12.44 -33.33% 2,584.59 -12.51%
39. 30 abr. 2020 $16.05 29.02% 2,912.43 12.68%
40. 31 may. 2020 $16.49 2.74% 3,044.31 4.53%
41. 30 jun. 2020 $19.82 20.19% 3,100.29 1.84%
42. 31 jul. 2020 $20.60 3.94% 3,271.12 5.51%
43. 31 ago. 2020 $21.37 3.74% 3,500.31 7.01%
44. 30 sept. 2020 $21.69 1.50% 3,363.00 -3.92%
45. 31 oct. 2020 $25.09 15.68% 3,269.96 -2.77%
46. 30 nov. 2020 $28.75 14.59% 3,621.63 10.75%
47. 31 dic. 2020 $32.73 13.84% 3,756.07 3.71%
48. 31 ene. 2021 $34.49 5.38% 3,714.24 -1.11%
49. 28 feb. 2021 $40.27 16.76% 3,811.15 2.61%
50. 31 mar. 2021 $41.61 3.33% 3,972.89 4.24%
51. 30 abr. 2021 $39.00 -6.27% 4,181.17 5.24%
52. 31 may. 2021 $40.04 2.67% 4,204.11 0.55%
53. 30 jun. 2021 $38.28 -4.40% 4,297.50 2.22%
54. 31 jul. 2021 $39.06 2.04% 4,395.26 2.27%
55. 31 ago. 2021 $44.36 13.57% 4,522.68 2.90%
56. 30 sept. 2021 $45.77 3.18% 4,307.54 -4.76%
57. 31 oct. 2021 $48.07 5.03% 4,605.38 6.91%
58. 30 nov. 2021 $61.43 27.79% 4,567.00 -0.83%
59. 31 dic. 2021 $67.92 10.56% 4,766.18 4.36%
Promedio (R): 3.55% 1.36%
Desviación estándar: 12.22% 4.48%

Mostrar todo

1 Datos en US$ por acción de acciones ordinarias, ajustados por escisiones y dividendos de acciones.

2 Tasa de rendimiento de las acciones ordinarias de ON durante el período t.

3 Tasa de rendimiento del S&P 500 (el proxy de la cartera de mercado) durante el período t.


Varianza y covarianza

ON Semiconductor Corp., cálculo de la varianza y covarianza de los rendimientos

Microsoft Excel
t Fecha RON,t RS&P 500,t (RON,tRON)2 (RS&P 500,tRS&P 500)2 (RON,tRON)×(RS&P 500,tRS&P 500)
1. 28 feb. 2017 13.59% 3.72% 100.69 5.58 23.70
2. 31 mar. 2017 2.38% -0.04% 1.38 1.95 1.64
3. 30 abr. 2017 -8.46% 0.91% 144.26 0.20 5.39
. . . . . . .
. . . . . . .
. . . . . . .
58. 30 nov. 2021 27.79% -0.83% 587.52 4.80 -53.11
59. 31 dic. 2021 10.56% 4.36% 49.15 9.02 21.06
Total (Σ): 8,656.67 1,164.17 2,032.71
t Fecha RON,t RS&P 500,t (RON,tRON)2 (RS&P 500,tRS&P 500)2 (RON,tRON)×(RS&P 500,tRS&P 500)
1. 28 feb. 2017 13.59% 3.72% 100.69 5.58 23.70
2. 31 mar. 2017 2.38% -0.04% 1.38 1.95 1.64
3. 30 abr. 2017 -8.46% 0.91% 144.26 0.20 5.39
4. 31 may. 2017 9.17% 1.16% 31.52 0.04 -1.12
5. 30 jun. 2017 -9.30% 0.48% 165.28 0.77 11.27
6. 31 jul. 2017 6.48% 1.93% 8.57 0.33 1.69
7. 31 ago. 2017 14.25% 0.05% 114.35 1.70 -13.94
8. 30 sept. 2017 8.14% 1.93% 21.02 0.33 2.62
9. 31 oct. 2017 15.43% 2.22% 141.05 0.74 10.22
10. 30 nov. 2017 -5.82% 2.81% 87.80 2.10 -13.59
11. 31 dic. 2017 4.28% 0.98% 0.53 0.14 -0.27
12. 31 ene. 2018 18.15% 5.62% 212.96 18.15 62.17
13. 28 feb. 2018 -3.31% -3.89% 47.17 27.59 36.08
14. 31 mar. 2018 2.26% -2.69% 1.68 16.37 5.25
15. 30 abr. 2018 -9.73% 0.27% 176.47 1.18 14.43
16. 31 may. 2018 13.81% 2.16% 105.26 0.64 8.24
17. 30 jun. 2018 -11.50% 0.48% 226.63 0.76 13.15
18. 31 jul. 2018 -0.85% 3.60% 19.43 5.04 -9.89
19. 31 ago. 2018 -3.22% 3.03% 45.89 2.78 -11.30
20. 30 sept. 2018 -13.64% 0.43% 295.51 0.86 15.96
21. 31 oct. 2018 -7.76% -6.94% 127.98 68.86 93.88
22. 30 nov. 2018 12.82% 1.79% 85.93 0.18 3.97
23. 31 dic. 2018 -13.92% -9.18% 305.36 111.00 184.11
24. 31 ene. 2019 21.38% 7.87% 317.80 42.39 116.06
25. 28 feb. 2019 7.19% 2.97% 13.19 2.61 5.87
26. 31 mar. 2019 -4.24% 1.79% 60.69 0.19 -3.39
27. 30 abr. 2019 12.11% 3.93% 73.12 6.62 22.01
28. 31 may. 2019 -22.98% -6.58% 704.24 62.97 210.59
29. 30 jun. 2019 13.80% 6.89% 104.88 30.64 56.69
30. 31 jul. 2019 6.43% 1.31% 8.29 0.00 -0.13
31. 31 ago. 2019 -17.25% -1.81% 432.71 10.03 65.88
32. 30 sept. 2019 7.92% 1.72% 19.07 0.13 1.57
33. 31 oct. 2019 6.19% 2.04% 6.97 0.47 1.81
34. 30 nov. 2019 5.25% 3.40% 2.86 4.19 3.46
35. 31 dic. 2019 13.55% 2.86% 100.00 2.25 15.01
36. 31 ene. 2020 -5.05% -0.16% 73.94 2.31 13.08
37. 29 feb. 2020 -19.40% -8.41% 526.66 95.43 224.19
38. 31 mar. 2020 -33.33% -12.51% 1,360.67 192.37 511.62
39. 30 abr. 2020 29.02% 12.68% 648.49 128.29 288.43
40. 31 may. 2020 2.74% 4.53% 0.66 10.05 -2.58
41. 30 jun. 2020 20.19% 1.84% 276.89 0.23 8.00
42. 31 jul. 2020 3.94% 5.51% 0.15 17.24 1.58
43. 31 ago. 2020 3.74% 7.01% 0.03 31.91 1.04
44. 30 sept. 2020 1.50% -3.92% 4.23 27.89 10.86
45. 31 oct. 2020 15.68% -2.77% 146.93 17.01 -49.99
46. 30 nov. 2020 14.59% 10.75% 121.74 88.30 103.68
47. 31 dic. 2020 13.84% 3.71% 105.88 5.54 24.22
48. 31 ene. 2021 5.38% -1.11% 3.32 6.11 -4.51
49. 28 feb. 2021 16.76% 2.61% 174.36 1.57 16.52
50. 31 mar. 2021 3.33% 4.24% 0.05 8.33 -0.65
51. 30 abr. 2021 -6.27% 5.24% 96.56 15.09 -38.17
52. 31 may. 2021 2.67% 0.55% 0.79 0.65 0.72
53. 30 jun. 2021 -4.40% 2.22% 63.19 0.75 -6.86
54. 31 jul. 2021 2.04% 2.27% 2.30 0.84 -1.39
55. 31 ago. 2021 13.57% 2.90% 100.30 2.38 15.43
56. 30 sept. 2021 3.18% -4.76% 0.14 37.39 2.30
57. 31 oct. 2021 5.03% 6.91% 2.16 30.87 8.17
58. 30 nov. 2021 27.79% -0.83% 587.52 4.80 -53.11
59. 31 dic. 2021 10.56% 4.36% 49.15 9.02 21.06
Total (Σ): 8,656.67 1,164.17 2,032.71

Mostrar todo

VarianzaON = Σ(RON,tRON)2 ÷ (59 – 1)
= 8,656.67 ÷ (59 – 1)
= 149.25

VarianzaS&P 500 = Σ(RS&P 500,tRS&P 500)2 ÷ (59 – 1)
= 1,164.17 ÷ (59 – 1)
= 20.07

CovarianzaON, S&P 500 = Σ(RON,tRON)×(RS&P 500,tRS&P 500) ÷ (59 – 1)
= 2,032.71 ÷ (59 – 1)
= 35.05


Estimación sistemática del riesgo (β)

Microsoft Excel
VarianzaON 149.25
VarianzaS&P 500 20.07
CovarianzaON, S&P 500 35.05
Coeficiente de correlaciónON, S&P 5001 0.64
βON2 1.75
αON3 1.18%

Cálculos

1 Coeficiente de correlaciónON, S&P 500
= CovarianzaON, S&P 500 ÷ (Desviación estándarON × Desviación estándarS&P 500)
= 35.05 ÷ (12.22% × 4.48%)
= 0.64

2 βON
= CovarianzaON, S&P 500 ÷ VarianzaS&P 500
= 35.05 ÷ 20.07
= 1.75

3 αON
= PromedioON – βON × PromedioS&P 500
= 3.55%1.75 × 1.36%
= 1.18%


Tasa de rendimiento esperada

Microsoft Excel
Suposiciones
Tasa de rendimiento de LT Treasury Composite1 RF 3.72%
Tasa de rendimiento esperada de la cartera de mercado2 E(RM) 12.54%
Riesgo sistemático de acciones ordinarias onsemi βON 1.75
 
Tasa de rendimiento esperada de las acciones ordinarias onsemi3 E(RON) 19.12%

1 Promedio no ponderado de los rendimientos de las ofertas en todos los bonos del Tesoro de los Estados Unidos con cupón fijo pendientes, ni vencidos ni exigibles en menos de 10 años (proxy de tasa de rendimiento libre de riesgo).

2 Ver detalles »

3 E(RON) = RF + βON [E(RM) – RF]
= 3.72% + 1.75 [12.54%3.72%]
= 19.12%