Old Dominion Stock Performance

ODFL
 Stock
  

USD 314.02  1.37  0.43%   

On a scale of 0 to 100, Old Dominion holds a performance score of 8. The company holds a Beta of 1.7351, 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 0.33% 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.
  
Old Dominion Performance
8 of 100
Compared to the overall equity markets, risk-adjusted returns on investments in Old Dominion Freight are ranked lower than 8 (%) of all global equities and portfolios over the last 90 days. Even with relatively weak technical and fundamental indicators, Old Dominion revealed solid returns over the last few months and may actually be approaching a breakup point. ...more

Structure and Payout Changes

Forward Annual Dividend Yield
0.004
Payout Ratio
0.1
Last Split Factor
3:2
Forward Annual Dividend Rate
1.2
Dividend Date
2022-09-21
Ex Dividend Date
2022-09-06
Last Split Date
2020-03-25

Old Dominion Price Channel

Quick Ratio0.67
Fifty Two Week Low231.31
Target High Price350.00
Fifty Two Week High373.58
Payout Ratio9.28%
Trailing Annual Dividend Yield0.25%
Target Low Price244.00

Old Dominion Relative Risk vs. Return Landscape

If you would invest  26,218  in Old Dominion Freight on May 14, 2022 and sell it today you would earn a total of  5,033  from holding Old Dominion Freight or generate 19.2% return on investment over 90 days. Old Dominion Freight is currently generating 0.3282% in daily expected returns and assumes 2.972% risk (volatility on return distribution) over the 90 days horizon. In different words, 25% of stocks are less volatile than Old Dominion, and 94% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon.
  Daily Expected Return (%)  
       Risk (%)  
Given the investment horizon of 90 days Old Dominion is expected to generate 2.35 times more return on investment than the market. However, the company is 2.35 times more volatile than its market benchmark. It trades about 0.11 of its potential returns per unit of risk. The DOW is currently generating roughly 0.05 per unit of risk.

Old Dominion Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Old Dominion's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Old Dominion Freight, and traders can use it to determine the average amount a Old Dominion'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 = 0.1104

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Estimated Market Risk
 2.97
  actual daily
 
 25 %
of total potential
 
2525
Expected Return
 0.33
  actual daily
 
 6 %
of total potential
 
66
Risk-Adjusted Return
 0.11
  actual daily
 
 8 %
of total potential
 
88
Based on monthly moving average Old Dominion is performing at about 8% 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 Old Dominion by adding it to a well-diversified portfolio.

About Old Dominion Performance

To evaluate Old Dominion Freight Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Old Dominion generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Old Dominion Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Old Dominion Freight stock market performance in a much more refined way. At Macroaxis, we take it even further. The Macroaxis performance score is an integer between 0 and 100 that represents Old Dominion's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2022
Return on Investment 38.62  31.65 
Return on Average Assets 22.51  24.28 
Return on Average Equity 29.53  23.99 
Return on Invested Capital 0.30  0.27 
Return on Sales 0.23  0.22 
Old Dominion Freight Line, Inc. operates as a less-than-truckload motor carrier in the United States and North America. Old Dominion Freight Line, Inc. was founded in 1934 and is headquartered in Thomasville, North Carolina. Old Dominion operates under Trucking classification in the United States and is traded on NASDAQ Exchange. It employs 24585 people.

Things to note about Old Dominion Freight

Checking the ongoing alerts about Old Dominion for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Old Dominion Freight help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Old Dominion Alerts

Equity Alerts and Improvement Suggestions

About 74.0% of the company shares are owned by institutional investors
On 15th of June 2022 Old Dominion paid $ 0.3 per share dividend to its current shareholders
Latest headline from MacroaxisInsider: Old Dominion exotic insider transaction detected
Please check Your Equity Center. 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 Content Syndication module to quickly integrate customizable finance content to your own investment portal.

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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.
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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
35.3 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.