Old Dominion Freight Stock Market Value

ODFL Stock  USD 427.95  5.67  1.31%   
Old Dominion's market value is the price at which a share of Old Dominion trades on a public exchange. It measures the collective expectations of Old Dominion Freight investors about its performance. Old Dominion is selling for 427.95 as of the 28th of March 2024. This is a -1.31% down since the beginning of the trading day. The stock's lowest day price was 423.75.
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. Check out Old Dominion Correlation, Old Dominion Volatility and Old Dominion Alpha and Beta module to complement your research on Old Dominion.
Symbol

Old Dominion Freight Price To Book Ratio

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
0.008
Dividend Share
1.6
Earnings Share
11.27
Revenue Per Share
53.611
Quarterly Revenue Growth
0.003
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.

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
02/27/2024
No Change 0.00  0.0 
In 30 days
03/28/2024
0.00
If you would invest  0.00  in Old Dominion on February 27, 2024 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 30 days. Old Dominion is related to or competes with Hawaiian Holdings, Mesa Air, Daseke, Volaris, Werner Enterprises, American Airlines, and Ryanair Holdings. Old Dominion Freight Line, Inc. operates as a less-than-truckload motor carrier in the United States and North America More

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, anticipate that 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.
Hype
Prediction
LowEstimatedHigh
424.13426.40428.67
Details
Intrinsic
Valuation
LowRealHigh
398.00400.27470.75
Details
Naive
Forecast
LowNextHigh
413.56415.83418.10
Details
21 Analysts
Consensus
LowTargetHigh
380.33417.94463.91
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 toward taking a position in Old Dominion Freight.

Old Dominion Freight Backtested Returns

We consider Old Dominion very steady. Old Dominion Freight maintains Sharpe Ratio (i.e., Efficiency) of 0.0619, which implies the firm had a 0.0619% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Old Dominion Freight, which you can use to evaluate the volatility of the company. Please check Old Dominion's Coefficient Of Variation of 1988.58, semi deviation of 1.48, and Risk Adjusted Performance of 0.0346 to confirm if the risk estimate we provide is consistent with the expected return of 0.11%. Old Dominion has a performance score of 4 on a scale of 0 to 100. The company holds a Beta of 1.57, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Old Dominion will likely underperform. Old Dominion Freight right now holds a risk of 1.7%. Please check Old Dominion Freight downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to decide if Old Dominion Freight will be following its historical price patterns.

Auto-correlation

    
  -0.41  

Modest reverse predictability

Old Dominion Freight has modest reverse predictability. Overlapping area represents the amount of predictability between Old Dominion time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 2024. 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 -0.41 indicates that just about 41.0% of current Old Dominion price fluctuation can be explain by its past prices.
Correlation Coefficient-0.41
Spearman Rank Test-0.52
Residual Average0.0
Price Variance59.92

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 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 price movement to match the lagging time series.
   Current and Lagged Values   
       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   
       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   
       Timeline  

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When determining whether Old Dominion Freight is a strong investment it is important to analyze Old Dominion's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Old Dominion's future performance. For an informed investment choice regarding Old Stock, refer to the following important reports:
Check out Old Dominion Correlation, Old Dominion Volatility and Old Dominion Alpha and Beta module to complement your research on Old Dominion.
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 Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.

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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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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...