Stock Analysis on Net

ON Semiconductor Corp. (NASDAQ:ON)

¡Esta empresa ha sido trasladada al archivo! Los datos financieros no se actualizan desde el 29 de abril de 2024.

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 2019 $20.04 2,704.10
1. 28 feb 2019 $21.48 7.19% 2,784.49 2.97%
2. 31 mar 2019 $20.57 -4.24% 2,834.40 1.79%
3. 30 abr 2019 $23.06 12.11% 2,945.83 3.93%
. . . . . . .
. . . . . . .
. . . . . . .
58. 30 nov 2023 $71.33 13.87% 4,567.80 8.92%
59. 31 dic 2023 $83.53 17.10% 4,769.83 4.42%
Promedio (R): 3.48% 1.11%
Desviación estándar: 14.18% 5.31%
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 2019 $20.04 2,704.10
1. 28 feb 2019 $21.48 7.19% 2,784.49 2.97%
2. 31 mar 2019 $20.57 -4.24% 2,834.40 1.79%
3. 30 abr 2019 $23.06 12.11% 2,945.83 3.93%
4. 31 may 2019 $17.76 -22.98% 2,752.06 -6.58%
5. 30 jun 2019 $20.21 13.80% 2,941.76 6.89%
6. 31 jul 2019 $21.51 6.43% 2,980.38 1.31%
7. 31 ago 2019 $17.80 -17.25% 2,926.46 -1.81%
8. 30 sept 2019 $19.21 7.92% 2,976.74 1.72%
9. 31 oct 2019 $20.40 6.19% 3,037.56 2.04%
10. 30 nov 2019 $21.47 5.25% 3,140.98 3.40%
11. 31 dic 2019 $24.38 13.55% 3,230.78 2.86%
12. 31 ene 2020 $23.15 -5.05% 3,225.52 -0.16%
13. 29 feb 2020 $18.66 -19.40% 2,954.22 -8.41%
14. 31 mar 2020 $12.44 -33.33% 2,584.59 -12.51%
15. 30 abr 2020 $16.05 29.02% 2,912.43 12.68%
16. 31 may 2020 $16.49 2.74% 3,044.31 4.53%
17. 30 jun 2020 $19.82 20.19% 3,100.29 1.84%
18. 31 jul 2020 $20.60 3.94% 3,271.12 5.51%
19. 31 ago 2020 $21.37 3.74% 3,500.31 7.01%
20. 30 sept 2020 $21.69 1.50% 3,363.00 -3.92%
21. 31 oct 2020 $25.09 15.68% 3,269.96 -2.77%
22. 30 nov 2020 $28.75 14.59% 3,621.63 10.75%
23. 31 dic 2020 $32.73 13.84% 3,756.07 3.71%
24. 31 ene 2021 $34.49 5.38% 3,714.24 -1.11%
25. 28 feb 2021 $40.27 16.76% 3,811.15 2.61%
26. 31 mar 2021 $41.61 3.33% 3,972.89 4.24%
27. 30 abr 2021 $39.00 -6.27% 4,181.17 5.24%
28. 31 may 2021 $40.04 2.67% 4,204.11 0.55%
29. 30 jun 2021 $38.28 -4.40% 4,297.50 2.22%
30. 31 jul 2021 $39.06 2.04% 4,395.26 2.27%
31. 31 ago 2021 $44.36 13.57% 4,522.68 2.90%
32. 30 sept 2021 $45.77 3.18% 4,307.54 -4.76%
33. 31 oct 2021 $48.07 5.03% 4,605.38 6.91%
34. 30 nov 2021 $61.43 27.79% 4,567.00 -0.83%
35. 31 dic 2021 $67.92 10.56% 4,766.18 4.36%
36. 31 ene 2022 $59.00 -13.13% 4,515.55 -5.26%
37. 28 feb 2022 $62.61 6.12% 4,373.94 -3.14%
38. 31 mar 2022 $62.61 0.00% 4,530.41 3.58%
39. 30 abr 2022 $52.11 -16.77% 4,131.93 -8.80%
40. 31 may 2022 $60.68 16.45% 4,132.15 0.01%
41. 30 jun 2022 $50.31 -17.09% 3,785.38 -8.39%
42. 31 jul 2022 $66.78 32.74% 4,130.29 9.11%
43. 31 ago 2022 $68.77 2.98% 3,955.00 -4.24%
44. 30 sept 2022 $62.33 -9.36% 3,585.62 -9.34%
45. 31 oct 2022 $61.43 -1.44% 3,871.98 7.99%
46. 30 nov 2022 $75.20 22.42% 4,080.11 5.38%
47. 31 dic 2022 $62.37 -17.06% 3,839.50 -5.90%
48. 31 ene 2023 $73.45 17.76% 4,076.60 6.18%
49. 28 feb 2023 $77.41 5.39% 3,970.15 -2.61%
50. 31 mar 2023 $82.32 6.34% 4,109.31 3.51%
51. 30 abr 2023 $71.96 -12.59% 4,169.48 1.46%
52. 31 may 2023 $83.60 16.18% 4,179.83 0.25%
53. 30 jun 2023 $94.58 13.13% 4,376.86 4.71%
54. 31 jul 2023 $107.75 13.92% 4,588.96 4.85%
55. 31 ago 2023 $98.46 -8.62% 4,507.66 -1.77%
56. 30 sept 2023 $92.95 -5.60% 4,288.05 -4.87%
57. 31 oct 2023 $62.64 -32.61% 4,193.80 -2.20%
58. 30 nov 2023 $71.33 13.87% 4,567.80 8.92%
59. 31 dic 2023 $83.53 17.10% 4,769.83 4.42%
Promedio (R): 3.48% 1.11%
Desviación estándar: 14.18% 5.31%

Mostrar todo

1 Datos en dólares estadounidenses por acción ordinaria, ajustados por divisiones 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 2019 7.19% 2.97% 13.75 3.49 6.92
2. 31 mar 2019 -4.24% 1.79% 59.51 0.47 -5.30
3. 30 abr 2019 12.11% 3.93% 74.43 7.98 24.38
. . . . . . .
. . . . . . .
. . . . . . .
58. 30 nov 2023 13.87% 8.92% 108.06 61.03 81.21
59. 31 dic 2023 17.10% 4.42% 185.66 11.00 45.20
Total (Σ): 11,661.53 1,634.30 2,975.97
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 2019 7.19% 2.97% 13.75 3.49 6.92
2. 31 mar 2019 -4.24% 1.79% 59.51 0.47 -5.30
3. 30 abr 2019 12.11% 3.93% 74.43 7.98 24.38
4. 31 may 2019 -22.98% -6.58% 700.20 59.04 203.32
5. 30 jun 2019 13.80% 6.89% 106.45 33.49 59.71
6. 31 jul 2019 6.43% 1.31% 8.73 0.04 0.61
7. 31 ago 2019 -17.25% -1.81% 429.55 8.50 60.42
8. 30 sept 2019 7.92% 1.72% 19.75 0.37 2.72
9. 31 oct 2019 6.19% 2.04% 7.38 0.88 2.55
10. 30 nov 2019 5.25% 3.40% 3.12 5.28 4.06
11. 31 dic 2019 13.55% 2.86% 101.53 3.07 17.66
12. 31 ene 2020 -5.05% -0.16% 72.64 1.61 10.81
13. 29 feb 2020 -19.40% -8.41% 523.17 90.57 217.68
14. 31 mar 2020 -33.33% -12.51% 1,355.05 185.44 501.28
15. 30 abr 2020 29.02% 12.68% 652.37 134.06 295.73
16. 31 may 2020 2.74% 4.53% 0.54 11.71 -2.52
17. 30 jun 2020 20.19% 1.84% 279.44 0.54 12.25
18. 31 jul 2020 3.94% 5.51% 0.21 19.40 2.02
19. 31 ago 2020 3.74% 7.01% 0.07 34.82 1.53
20. 30 sept 2020 1.50% -3.92% 3.92 25.29 9.96
21. 31 oct 2020 15.68% -2.77% 148.78 15.00 -47.23
22. 30 nov 2020 14.59% 10.75% 123.43 93.10 107.19
23. 31 dic 2020 13.84% 3.71% 107.45 6.79 27.02
24. 31 ene 2021 5.38% -1.11% 3.61 4.93 -4.22
25. 28 feb 2021 16.76% 2.61% 176.38 2.26 19.96
26. 31 mar 2021 3.33% 4.24% 0.02 9.85 -0.47
27. 30 abr 2021 -6.27% 5.24% 95.07 17.11 -40.33
28. 31 may 2021 2.67% 0.55% 0.66 0.31 0.45
29. 30 jun 2021 -4.40% 2.22% 61.99 1.24 -8.78
30. 31 jul 2021 2.04% 2.27% 2.07 1.37 -1.68
31. 31 ago 2021 13.57% 2.90% 101.83 3.22 18.10
32. 30 sept 2021 3.18% -4.76% 0.09 34.37 1.75
33. 31 oct 2021 5.03% 6.91% 2.39 33.74 8.99
34. 30 nov 2021 27.79% -0.83% 591.22 3.76 -47.15
35. 31 dic 2021 10.56% 4.36% 50.23 10.60 23.07
36. 31 ene 2022 -13.13% -5.26% 275.92 40.51 105.72
37. 28 feb 2022 6.12% -3.14% 6.97 17.99 -11.20
38. 31 mar 2022 0.00% 3.58% 12.09 6.11 -8.60
39. 30 abr 2022 -16.77% -8.80% 409.99 98.04 200.49
40. 31 may 2022 16.45% 0.01% 168.18 1.21 -14.27
41. 30 jun 2022 -17.09% -8.39% 423.02 90.21 195.35
42. 31 jul 2022 32.74% 9.11% 856.11 64.09 234.24
43. 31 ago 2022 2.98% -4.24% 0.25 28.62 2.66
44. 30 sept 2022 -9.36% -9.34% 164.92 109.11 134.14
45. 31 oct 2022 -1.44% 7.99% 24.22 47.34 -33.86
46. 30 nov 2022 22.42% 5.38% 358.65 18.23 80.85
47. 31 dic 2022 -17.06% -5.90% 421.85 49.04 143.83
48. 31 ene 2023 17.76% 6.18% 204.12 25.70 72.43
49. 28 feb 2023 5.39% -2.61% 3.66 13.82 -7.11
50. 31 mar 2023 6.34% 3.51% 8.21 5.76 6.87
51. 30 abr 2023 -12.59% 1.46% 258.01 0.13 -5.76
52. 31 may 2023 16.18% 0.25% 161.24 0.74 -10.89
53. 30 jun 2023 13.13% 4.71% 93.24 13.02 34.84
54. 31 jul 2023 13.92% 4.85% 109.14 13.99 39.07
55. 31 ago 2023 -8.62% -1.77% 146.40 8.28 34.82
56. 30 sept 2023 -5.60% -4.87% 82.34 35.73 54.24
57. 31 oct 2023 -32.61% -2.20% 1,302.25 10.92 119.22
58. 30 nov 2023 13.87% 8.92% 108.06 61.03 81.21
59. 31 dic 2023 17.10% 4.42% 185.66 11.00 45.20
Total (Σ): 11,661.53 1,634.30 2,975.97

Mostrar todo

VarianzaON = Σ(RON,tRON)2 ÷ (59 – 1)
= 11,661.53 ÷ (59 – 1)
= 201.06

VarianzaS&P 500 = Σ(RS&P 500,tRS&P 500)2 ÷ (59 – 1)
= 1,634.30 ÷ (59 – 1)
= 28.18

CovarianzaON, S&P 500 = Σ(RON,tRON)×(RS&P 500,tRS&P 500) ÷ (59 – 1)
= 2,975.97 ÷ (59 – 1)
= 51.31


Estimación sistemática del riesgo (β)

Microsoft Excel
VarianzaON 201.06
VarianzaS&P 500 28.18
CovarianzaON, S&P 500 51.31
Coeficiente de correlaciónON, S&P 5001 0.68
βON2 1.82
αON3 1.46%

Cálculos

1 Coeficiente de correlaciónON, S&P 500
= CovarianzaON, S&P 500 ÷ (Desviación estándarON × Desviación estándarS&P 500)
= 51.31 ÷ (14.18% × 5.31%)
= 0.68

2 βON
= CovarianzaON, S&P 500 ÷ VarianzaS&P 500
= 51.31 ÷ 28.18
= 1.82

3 αON
= PromedioON – βON × PromedioS&P 500
= 3.48%1.82 × 1.11%
= 1.46%


Tasa de rendimiento esperada

Microsoft Excel
Suposiciones
Tasa de rendimiento del LT Treasury Composite1 RF 4.95%
Tasa de rendimiento esperada de la cartera de mercado2 E(RM) 14.71%
Riesgo sistemático de onsemi acciones ordinarias βON 1.82
 
Tasa de rendimiento esperada de las acciones ordinarias onsemi3 E(RON) 22.72%

1 Promedio no ponderado de los rendimientos de las ofertas de todos los bonos del Tesoro de EE. UU. con cupón fijo en circulación que no vencen ni son rescatables en menos de 10 años (proxy de tasa de rendimiento libre de riesgo).

2 Ver detalles »

3 E(RON) = RF + βON [E(RM) – RF]
= 4.95% + 1.82 [14.71%4.95%]
= 22.72%