Old Extraordinary Items vs Net Income From Continuing Ops Analysis
| ONB Stock | USD 17.58 0.02 0.11% |
Old National financial indicator trend analysis is much more than just breaking down Old National Bancorp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Old National Bancorp is a good investment. Please check the relationship between Old National Extraordinary Items and its Net Income From Continuing Ops accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Old National Bancorp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
Extraordinary Items vs Net Income From Continuing Ops
Extraordinary Items vs Net Income From Continuing Ops Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Old National Bancorp Extraordinary Items account and Net Income From Continuing Ops. At this time, the significance of the direction appears to have strong relationship.
The correlation between Old National's Extraordinary Items and Net Income From Continuing Ops is 0.71. Overlapping area represents the amount of variation of Extraordinary Items that can explain the historical movement of Net Income From Continuing Ops in the same time period over historical financial statements of Old National Bancorp, assuming nothing else is changed. The correlation between historical values of Old National's Extraordinary Items and Net Income From Continuing Ops is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Extraordinary Items of Old National Bancorp are associated (or correlated) with its Net Income From Continuing Ops. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income From Continuing Ops has no effect on the direction of Extraordinary Items i.e., Old National's Extraordinary Items and Net Income From Continuing Ops go up and down completely randomly.
Correlation Coefficient | 0.71 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Extraordinary Items
Net Income From Continuing Ops
Most indicators from Old National's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Old National Bancorp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Old National Bancorp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. At present, Old National's Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Tax Provision is expected to grow to about 204.1 M, whereas Issuance Of Capital Stock is forecasted to decline to about 748.4 K.
| 2021 | 2022 | 2023 | 2024 (projected) | EBIT | 338.9M | 671.0M | 751.3M | 788.9M | Operating Income | 338.9M | 671.0M | 751.3M | 788.9M |
Old National fundamental ratios Correlations
Click cells to compare fundamentals
Old National Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Old National fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Common Stock Shares Outstanding | 172.7M | 166.2M | 165.9M | 276.7M | 291.9M | 306.4M | |
| Total Assets | 20.4B | 23.0B | 24.5B | 46.8B | 49.1B | 51.5B | |
| Short Long Term Debt Total | 2.2B | 2.3B | 2.3B | 4.8B | 5.3B | 5.6B | |
| Other Current Liab | 17.3B | 17.0B | 18.6B | 35.6B | 26.6B | 27.9B | |
| Total Current Liabilities | 99.5M | 86.6M | 76.2M | 212.0M | 26.8B | 28.2B | |
| Total Stockholder Equity | 2.9B | 3.0B | 3.0B | 5.1B | 5.6B | 5.8B | |
| Property Plant And Equipment Net | 586.4M | 540.6M | 545.7M | 747.0M | 565.4M | 593.7M | |
| Net Debt | 1.9B | 1.7B | 1.4B | 4.1B | 4.9B | 5.1B | |
| Retained Earnings | 682.2M | 783.9M | 968.0M | 1.2B | 1.6B | 1.7B | |
| Cash | 276.3M | 589.7M | 822.0M | 728.4M | 430.9M | 308.8M | |
| Non Current Assets Total | 7.3B | 7.8B | 9.2B | 2.9B | 2.7B | 3.3B | |
| Non Currrent Assets Other | (29.7M) | (113.9M) | (32.9M) | (10.8B) | 5.4B | 5.7B | |
| Other Assets | 7.4B | 8.5B | 7.0B | 43.0B | 39.3B | 41.2B | |
| Cash And Short Term Investments | 5.7B | 6.6B | 8.2B | 1.0B | 430.9M | 409.3M | |
| Net Receivables | 85.1M | 85.3M | 84.1M | 190.5M | 219.1M | 230.1M | |
| Liabilities And Stockholders Equity | 20.4B | 23.0B | 24.5B | 46.8B | 49.1B | 51.5B | |
| Non Current Liabilities Total | 2.2B | 2.3B | 2.3B | 41.4B | 16.7B | 17.5B | |
| Other Stockholder Equity | (682.2M) | (783.9M) | (968.0M) | (1.4B) | (1.8B) | (1.8B) | |
| Total Liab | 2.2B | 2.3B | 2.3B | 41.6B | 43.5B | 45.7B | |
| Property Plant And Equipment Gross | 586.4M | 540.6M | 545.7M | 747.0M | 778.1M | 817.0M | |
| Total Current Assets | 5.7B | 6.6B | 8.3B | 918.9M | 7.1B | 4.7B | |
| Accumulated Other Comprehensive Income | 56.2M | 147.8M | (2.4M) | (786.4M) | (738.8M) | (701.9M) | |
| Short Term Debt | 99.5M | 86.6M | 76.2M | 212.0M | 285.6M | 449.3M | |
| Common Stock Total Equity | 169.6M | 165.4M | 165.8M | 292.9M | 336.8M | 353.7M | |
| Common Stock | 2.8B | 2.8B | 3.0B | 5.9B | 6.3B | 6.6B | |
| Other Liab | 2.7M | 14.7M | 67.5M | 97.5M | 87.8M | 95.9M | |
| Accounts Payable | 161.6M | 187.4M | 18.6B | 835.7M | 752.1M | 714.5M | |
| Long Term Debt | 243.7M | 252.8M | 2.2B | 743.0M | 5.0B | 5.3B | |
| Short Term Investments | 5.4B | 6.0B | 7.4B | 6.8B | 6.7B | 7.0B | |
| Inventory | (363.6M) | (676.3M) | (908.2M) | 10.8M | 9.8M | 10.2M | |
| Intangible Assets | 25.4M | 46.0M | 34.7M | 126.4M | 102.3M | 107.4M | |
| Property Plant Equipment | 490.9M | 540.6M | 545.7M | 747.0M | 859.1M | 902.0M | |
| Good Will | 1.1B | 1.1B | 1.0B | 2.0B | 2.3B | 2.4B | |
| Other Current Assets | 363.6M | 676.3M | 908.2M | (275.0M) | 1.2B | 1.1B | |
| Net Tangible Assets | 1.8B | 1.9B | 1.9B | 2.8B | 3.2B | 3.3B | |
| Retained Earnings Total Equity | 682.2M | 783.9M | 968.0M | 1.2B | 1.4B | 1.5B | |
| Long Term Debt Total | 243.7M | 252.8M | 296.7M | 743.0M | 668.7M | 367.4M | |
| Capital Surpluse | 1.9B | 1.9B | 1.9B | 4.2B | 4.8B | 5.0B | |
| Long Term Investments | 17.5B | 6.0B | 7.6B | 11.9M | 9.8B | 9.9B |
Old National Investors Sentiment
The influence of Old National'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. 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 market does not have solid backing from leading economists and market statisticians.
Investor biases related to Old National's public news can be used to forecast risks associated with an investment in Old. The trend in average sentiment can be used to explain how an investor holding Old can time the market purely based on public headlines and social activities around Old National Bancorp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Old National'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 National'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 National's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Old National.
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 National 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 National's short interest history, or implied volatility extrapolated from Old National options trading.
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Old National Bancorp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Complementary Tools for Old Stock analysis
When running Old National's price analysis, check to measure Old National'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 National is operating at the current time. Most of Old National's value examination focuses on studying past and present price action to predict the probability of Old National's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Old National's price. Additionally, you may evaluate how the addition of Old National to your portfolios can decrease your overall portfolio volatility.
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges |
Is Old National'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 National. If investors know Old 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 National 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 (0.18) | Dividend Share 0.56 | Earnings Share 1.85 | Revenue Per Share 5.98 | Quarterly Revenue Growth (0.05) |
The market value of Old National Bancorp is measured differently than its book value, which is the value of Old that is recorded on the company's balance sheet. Investors also form their own opinion of Old National's value that differs from its market value or its book value, called intrinsic value, which is Old National'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 National's market value can be influenced by many factors that don't directly affect Old National'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 National's value and its price as these two are different measures arrived at by different means. Investors typically determine if Old National is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Old National'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.