Old Dominion Stock Market Value

ODFL
 Stock
  

USD 310.38  1.91  0.61%   

Old Dominion's market value is the price at which a share of Old Dominion stock trades on a public exchange. It measures the collective expectations of Old Dominion Freight investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Old Dominion Freight and determine expected loss or profit from investing in Old Dominion over a given investment horizon. Please check Old Dominion Hype Analysis, Old Dominion Correlation, Old Dominion Valuation, Old Dominion Volatility, as well as analyze Old Dominion Alpha and Beta and Old Dominion Performance.
Symbol


Is Old Dominion's industry 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 Old Dominion. If investors know Old Dominion 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 Old Dominion listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
0.43
Market Capitalization
34.9 B
Quarterly Revenue Growth YOY
0.26
Return On Assets
0.22
Return On Equity
0.36
The market value of Old Dominion Freight is measured differently than its book value, which is the value of Old Dominion that is recorded on the company's balance sheet. Investors also form their own opinion of Old Dominion's value that differs from its market value or its book value, called intrinsic value, which is Old Dominion'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 Old Dominion's market value can be influenced by many factors that don't directly affect Old Dominion'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 Old Dominion's value and its price as these two are different measures arrived at by different means. Investors typically determine Old Dominion value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Old Dominion'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.

Old Dominion 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Old Dominion's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Old Dominion.
0.00
08/26/2020
No Change 0.00  0.0 
In 1 year 11 months and 22 days
08/16/2022
0.00
If you would invest  0.00  in Old Dominion on August 26, 2020 and sell it all today you would earn a total of 0.00 from holding Old Dominion Freight or generate 0.0% return on investment in Old Dominion over 720 days. Old Dominion is related to or competes with Ryder System, A M, United Parcel, Bed Bath, McDonalds Corp, Apple, and Cisco Systems. Old Dominion Freight Line, Inc. operates as a less-than-truckload motor carrier in the United States and North AmericaMore

Old Dominion Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Old Dominion's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Old Dominion Freight upside and downside potential and time the market with a certain degree of confidence.

Old Dominion Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Old Dominion's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Old Dominion's standard deviation. In reality, there are many statistical measures that can use Old Dominion historical prices to predict the future Old Dominion's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Old Dominion's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Old Dominion in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
309.09311.49313.89
Details
Intrinsic
Valuation
LowReal ValueHigh
278.19314.29316.69
Details
15 Analysts
Consensus
LowTarget PriceHigh
220.00325.67380.00
Details
Earnings
Estimates (8)
LowProjected EPSHigh
8.688.718.80
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Old Dominion. Your research has to be compared to or analyzed against Old Dominion's peers to derive any actionable benefits. When done correctly, Old Dominion's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Old Dominion Freight.

Old Dominion Freight Backtested Returns

Old Dominion appears to be very steady, given 3 months investment horizon. Old Dominion Freight maintains Sharpe Ratio (i.e., Efficiency) of 0.19, which implies the firm had 0.19% of return per unit of risk over the last 3 months. Our standpoint towards forecasting the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for Old Dominion Freight, which you can use to evaluate the future volatility of the company. Please evaluate Old Dominion's Risk Adjusted Performance of 0.1167, coefficient of variation of 1121.84, and Semi Deviation of 3.09 to confirm if our risk estimates are consistent with your expectations.
On a scale of 0 to 100, Old Dominion holds a performance score of 14. The company holds a Beta of 1.7072, which implies a somewhat significant risk relative to the market. Let's try to break down what Old Dominion's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Old Dominion will likely underperform. Although it is vital to follow Old Dominion Freight current trending patterns, it is good to be conservative about what you can do with the information regarding equity existing price patterns. The philosophy towards forecasting future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By analyzing Old Dominion Freight technical indicators, you can presently evaluate if the expected return of 0.46% will be sustainable into the future. Please employ Old Dominion Freight information ratio, downside variance, day median price, as well as the relationship between the treynor ratio and kurtosis to make a quick decision on whether Old Dominion historical price patterns will revert.

Auto-correlation

    
  -0.6  

Good reverse predictability

Old Dominion Freight has good reverse predictability. Overlapping area represents the amount of predictability between Old Dominion time series from 26th of August 2020 to 21st of August 2021 and 21st of August 2021 to 16th of August 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Old Dominion Freight price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current Old Dominion price fluctuation can be explain by its past prices.
Correlation Coefficient-0.6
Spearman Rank Test-0.39
Residual Average0.0
Price Variance1108.45

Old Dominion Freight lagged returns against current returns

Autocorrelation, which is Old Dominion stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Old Dominion's stock expected returns. We can calculate the autocorrelation of Old Dominion returns to help us make a trade decision. For example, suppose you find that Old Dominion stock has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
   Current and Lagged Values   
Share
       Timeline  

Old Dominion regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Old Dominion stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Old Dominion stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Old Dominion stock over time.
   Current vs Lagged Prices   
Share
       Timeline  

Old Dominion Lagged Returns

When evaluating Old Dominion's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Old Dominion stock have on its future price. Old Dominion autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Old Dominion autocorrelation shows the relationship between Old Dominion stock current value and its past values and can show if there is a momentum factor associated with investing in Old Dominion Freight.
   Regressed Prices   
Share
       Timeline  

Old Dominion Investors Sentiment

The influence of Old Dominion's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Old Dominion. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Old Dominion's public news can be used to forecast risks associated with investment in Old Dominion. The trend in average sentiment can be used to explain how an investor holding Old Dominion can time the market purely based on public headlines and social activities around Old Dominion Freight. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Old Dominion's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Old Dominion's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Old Dominion's news discussions. The higher the estimate score, the more favorable is the investor's outlook on Old Dominion.

Old Dominion Implied Volatility

    
  26.88  
Old Dominion's implied volatility exposes the market's sentiment of Old Dominion Freight stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Old Dominion's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Old Dominion stock will not fluctuate a lot when Old Dominion's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Old Dominion in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Old Dominion's short interest history, or implied volatility extrapolated from Old Dominion options trading.

Becoming a Better Investor with Macroaxis

Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Old Dominion Freight using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

Build Optimal Portfolios

Align your risk with return expectations

Fix your portfolio
By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
Please check Old Dominion Hype Analysis, Old Dominion Correlation, Old Dominion Valuation, Old Dominion Volatility, as well as analyze Old Dominion Alpha and Beta and Old Dominion Performance. Note that the Old Dominion Freight information on this page should be used as a complementary analysis to other Old Dominion's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.

Complementary Tools for Old Dominion Stock analysis

When running Old Dominion Freight price analysis, check to measure Old Dominion'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 Old Dominion is operating at the current time. Most of Old Dominion's value examination focuses on studying past and present price action to predict the probability of Old Dominion's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Old Dominion's price. Additionally, you may evaluate how the addition of Old Dominion to your portfolios can decrease your overall portfolio volatility.
Money Managers
Screen money managers from public funds and ETFs managed around the world
Go
Crypto Correlations
Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins
Go
Equity Forecasting
Use basic forecasting models to generate price predictions and determine price momentum
Go
Aroon Oscillator
Analyze current equity momentum using Aroon Oscillator and other momentum ratios
Go
Portfolio Rebalancing
Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
Go
Insider Screener
Find insiders across different sectors to evaluate their impact on performance
Go
Performance Analysis
Check effects of mean-variance optimization against your current asset allocation
Go
Shere Portfolio
Track or share privately all of your investments from the convenience of any device
Go
Old Dominion technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Old Dominion technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Old Dominion trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...