Old National Bancorp Preferred Stock Debt To Equity
| ONBPP Preferred Stock | USD 25.15 0.09 0.36% |
Old National Bancorp fundamentals help investors to digest information that contributes to Old National's financial success or failures. It also enables traders to predict the movement of Old Preferred Stock. The fundamental analysis module provides a way to measure Old National's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Old National preferred stock.
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Old National Bancorp Company Debt To Equity Analysis
Old National's Debt to Equity is calculated by dividing the Total Debt of a company by its Equity. If the debt exceeds equity of a company, then the creditors have more stakes in a firm than the stockholders. In other words, Debt to Equity ratio provides analysts with insights about composition of both equity and debt, and its influence on the valuation of the company.
High Debt to Equity ratio typically indicates that a firm has been borrowing aggressively to finance its growth and as a result may experience a burden of additional interest expense. This may reduce earnings or future growth. On the other hand a small D/E ratio may indicate that a company is not taking enough advantage from financial leverage. Debt to Equity ratio measures how the company is leveraging borrowing against the capital invested by the owners.
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According to the company disclosure, Old National Bancorp has a Debt To Equity of 0.0%. This is 100.0% lower than that of the Financial Services sector and about the same as Banks—Regional (which currently averages 0.0) industry. The debt to equity for all United States preferred stocks is 100.0% higher than that of the company.
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Old Fundamentals
| Return On Equity | 0.11 | ||||
| Return On Asset | 0.012 | ||||
| Profit Margin | 0.27 % | ||||
| Operating Margin | 0.39 % | ||||
| Shares Owned By Institutions | 18.25 % | ||||
| Number Of Shares Shorted | 1.99 K | ||||
| Price To Earning | 28.08 X | ||||
| Revenue | 1.57 B | ||||
| Gross Profit | 1.57 B | ||||
| Net Income | 428.29 M | ||||
| Cash And Equivalents | 466.85 M | ||||
| Cash Per Share | 1.59 X | ||||
| Total Debt | 4.57 B | ||||
| Book Value Per Share | 16.68 X | ||||
| Cash Flow From Operations | 330.38 M | ||||
| Short Ratio | 0.19 X | ||||
| Earnings Per Share | 0.89 X | ||||
| Number Of Employees | 3.97 K | ||||
| Beta | 0.84 | ||||
| Total Asset | 46.76 B | ||||
| Annual Yield | 0.07 % | ||||
| Net Asset | 46.76 B | ||||
| Last Dividend Paid | 0.56 |
About Old National Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Old National Bancorp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Old National using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Old National Bancorp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Old National
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Old National position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Old National will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Old National could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Old National when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Old National - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Old National Bancorp to buy it.
The correlation of Old National is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Old National moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Old National Bancorp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Old National can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Old Preferred 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.