Old Dominion Freight Stock Technical Analysis
ODFL Stock | USD 180.94 4.12 2.23% |
As of the 6th of May, Old Dominion holds the Variance of 5.78, risk adjusted performance of (0.01), and Coefficient Of Variation of (4,615). Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Old Dominion, as well as the relationship between them. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We were able to analyze and collect data for thirteen technical drivers for Old Dominion Freight, which can be compared to its competitors. Please check Old Dominion Freight mean deviation, information ratio, as well as the relationship between the Information Ratio and potential upside to decide if Old Dominion Freight is priced some-what accurately, providing market reflects its current price of 180.94 per share. Given that Old Dominion has information ratio of (0.05), we recommend you to check out Old Dominion Freight's recent market performance to make sure the company can sustain itself at a future point.
Old Dominion Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Old, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to OldOld |
Old Dominion Analyst Consensus
Target Price | Advice | # of Analysts | |
417.94 | Buy | 22 | Odds |
Most Old analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Old stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Old Dominion Freight, talking to its executives and customers, or listening to Old conference calls.
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.
Old Dominion Freight Technical Analysis
The output start index for this execution was one with a total number of output elements of sixty. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Old Dominion Freight volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Old Dominion Freight Trend Analysis
Use this graph to draw trend lines for Old Dominion Freight. You can use it to identify possible trend reversals for Old Dominion as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Old Dominion price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Old Dominion Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Old Dominion Freight applied against its price change over selected period. The best fit line has a slop of 0.38 , which may suggest that Old Dominion Freight market price will keep on failing further. It has 122 observation points and a regression sum of squares at 5365.46, which is the sum of squared deviations for the predicted Old Dominion price change compared to its average price change.About Old Dominion Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Old Dominion Freight on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Old Dominion Freight based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Old Dominion Freight price pattern first instead of the macroeconomic environment surrounding Old Dominion Freight. By analyzing Old Dominion's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Old Dominion's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Old Dominion specific price patterns or momentum indicators. Please read more on our technical analysis page.
2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.002229 | 0.004218 | 0.003948 | 0.00421 | Price To Sales Ratio | 6.62 | 5.09 | 7.56 | 7.94 |
Old Dominion May 6, 2024 Technical Indicators
Most technical analysis of Old help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Old from various momentum indicators to cycle indicators. When you analyze Old charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Risk Adjusted Performance | (0.01) | |||
Market Risk Adjusted Performance | (0.03) | |||
Mean Deviation | 1.68 | |||
Coefficient Of Variation | (4,615) | |||
Standard Deviation | 2.4 | |||
Variance | 5.78 | |||
Information Ratio | (0.05) | |||
Jensen Alpha | (0.16) | |||
Total Risk Alpha | (0.33) | |||
Treynor Ratio | (0.04) | |||
Maximum Drawdown | 15.25 | |||
Value At Risk | (3.51) | |||
Potential Upside | 2.95 | |||
Skewness | (1.84) | |||
Kurtosis | 6.5 |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Old Dominion Freight. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census. 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 the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Complementary Tools for Old Stock analysis
When running Old Dominion's 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 the 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 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 0.039 | Dividend Share 0.86 | Earnings Share 5.68 | Revenue Per Share 26.959 | Quarterly Revenue Growth 0.012 |
The market value of Old Dominion Freight 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 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 if Old Dominion is a good investment 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.