Is On Holding AG (ONON) a risky stock?
As of July 27, 2026, Clavix grades On Holding AG (ONON) B for risk, a composite score of 72 out of 100 on an A+ to F scale, which puts ONON in the "solid" band. The grade is a risk read for educational purposes, not a buy or sell recommendation.
Grade as of July 27, 2026. Clavix regrades every trading day.
The five risk dimensions behind ONON's grade
Each Clavix grade is a composite of five independent reads. Higher is safer. Here is how ONON scores on each, as of July 27, 2026.
What's moving ONON's risk right now
Company-specific signals Clavix flags behind ONON's current grade, drawn from recent news and filings as of July 27, 2026.
Lombard Odier opened a 58,739-share position in On Holding, while Villere ST Denis cut its holding by 6.5% in Q1. A CleanCloud production milestone could support a premium valuation, but mixed fund moves leave the near-term picture unclear.
On is scaling its CleanCloud midsoles, made from captured carbon, to large-scale manufacturing, which could strengthen its sustainability story and support premium pricing. Scaling brings execution risk, but the move deepens On's brand differentiation.
On is making midsoles from captured carbon, while rival material makers push new lines: eVent membranes adopted by Pelliot, CovationBio launching a stretch Sorona fiber, and AMSilk ramping up silk-based proteins. The news shows the performance-materials space is crowded with new entrants.
Recent ONON news
The latest headlines Clavix ingested for On Holding AG, newest first. These feed the news-sentiment dimension of ONON's grade.
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Lombard Odier Asset Management Europe Ltd purchased a new stake of 58,739 shares in On Holding AG (NYSE:ONON) during the first quarter, according to its latest 13F filing with the SEC. The article body was truncated before disclosing the total value of the purchase.
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In July 2026, Infinium began supplying captured-CO₂-based eNaphtha to Borouge International and On Holding, enabling commercial-scale production of On's CleanCloud EVA midsoles for the Cloud X 5. The article questions whether scaling this captured-carbon technology will reshape On's sustainability-led brand narrative, while also noting new leadership appointments in global markets and DTC channels.
What a B grade means
On the Clavix A+ to F scale, ONON's composite of 72 falls in the B band (65–79), read as "solid." The scale is fixed, so the meaning never moves.
This page is generated from Clavix's own risk model and is for educational purposes only. It is not investment advice or a recommendation to buy or sell ONON or any security. Grades are risk indicators, not predictions of return. Data may be delayed.