Nomura Holdings Inc. Purchases Shares of 4242 Old Dominion Freight Line, Inc. - Defense World
ODF Stock | EUR 193.50 0.10 0.05% |
Roughly 55% of Old Dominion's investor base is interested to short. The analysis of current outlook of investing in Old Dominion Freight suggests that many traders are impartial regarding Old Dominion's prospects. The current market sentiment, together with Old Dominion's historical and current headlines, can help investors time the market. In addition, many technical investors use Old Dominion Freight stock news signals to limit their universe of possible portfolio assets.
Old Dominion stock news, alerts, and headlines are usually related to its technical, predictive, social, and fundamental indicators. It can reflect on the current distribution of Old daily returns and investor perception about the current price of Old Dominion Freight as well as its diversification or hedging effects on your existing portfolios.
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Nomura Holdings Inc. Purchases Shares of 4242 Old Dominion Freight Line, Inc. Defense World
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Old Dominion Fundamental Analysis
We analyze Old Dominion's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Old Dominion using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Old Dominion 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.
Current Valuation
Current Valuation Comparative Analysis
Old Dominion is currently under evaluation in current valuation category among its peers. Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Old Dominion Freight Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Old Dominion stock to make a market-neutral strategy. Peer analysis of Old Dominion could also be used in its relative valuation, which is a method of valuing Old Dominion by comparing valuation metrics with similar companies.
Peers
Old Dominion Related Equities
TM9 | NorAm Drilling | 0.68 | ||||
SNIA | SCHNEIDER NATLINC | 0.68 | ||||
NOH1 | Norsk Hydro | 0.68 | ||||
RS6 | Reliance Steel | 0.72 | ||||
FUY | Fukuyama Transporting | 0.86 | ||||
3RKU | RYOHIN UNSPADR1 | 1.92 | ||||
8SP | Superior Plus | 3.96 | ||||
2DG | SIVERS SEMICONDUCTORS | 10.53 |
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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