Old Dominion (Germany) Probability of Future Stock Price Finishing Under 177.43
| ODF Stock | EUR 214.10 1.90 0.90% |
Old |
Old Dominion Target Price Odds to finish below 177.43
The tendency of Old Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to € 177.43 or more in 90 days |
| 214.10 | 90 days | 177.43 | about 26.56 |
Based on a normal probability distribution, the odds of Old Dominion to drop to € 177.43 or more in 90 days from now is about 26.56 (This Old Dominion Freight probability density function shows the probability of Old Stock to fall within a particular range of prices over 90 days) . Probability of Old Dominion Freight price to stay between € 177.43 and its current price of €214.1 at the end of the 90-day period is about 68.69 .
Assuming the 90 days horizon the stock has the beta coefficient of 2.04 . This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Old Dominion will likely underperform. Additionally Old Dominion Freight has an alpha of 0.1353, implying that it can generate a 0.14 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Old Dominion Price Density |
| Price |
Predictive Modules for Old Dominion
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Old Dominion Freight. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Old Dominion Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Old Dominion is not an exception. The market had few large corrections towards the Old Dominion's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Old Dominion Freight, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Old Dominion within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.14 | |
β | Beta against Dow Jones | 2.04 | |
σ | Overall volatility | 15.91 | |
Ir | Information ratio | 0.1 |
Old Dominion Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Old Dominion for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Old Dominion Freight can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Over 77.0% of the company shares are owned by institutional investors |
Old Dominion Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Old Stock often depends not only on the future outlook of the current and potential Old Dominion's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Old Dominion's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 110.2 M |
Old Dominion Technical Analysis
Old Dominion's future price can be derived by breaking down and analyzing its technical indicators over time. Old Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Old Dominion Freight. In general, you should focus on analyzing Old Stock price patterns and their correlations with different microeconomic environments and drivers.
Old Dominion Predictive Forecast Models
Old Dominion's time-series forecasting models is one of many Old Dominion's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Old Dominion's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
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.
| Over 77.0% of the company shares are owned by institutional investors |
Additional Information and Resources on Investing in Old Stock
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 Backtesting, Old Dominion Valuation, Old Dominion Correlation, Old Dominion Hype Analysis, Old Dominion Volatility, Old Dominion History as well as Old Dominion Performance. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.