Old Dominion Freight Line, Inc.s Share Price Not Quite Adding Up - Simply Wall St
| ODF Stock | EUR 212.20 1.90 0.89% |
Roughly 62% of Old Dominion's investor base is looking to short. The analysis of current outlook of investing in Old Dominion Freight suggests that many traders are alarmed 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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Old Dominion Freight Line, Inc.s Share Price Not Quite Adding Up Simply Wall St
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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.
Price To Earnings To Growth
Price To Earnings To Growth Comparative Analysis
PEG Ratio indicates the potential value of an equity instrument and is calculated by dividing Price to Earnings (P/E) ratio into earnings growth rate. Most analysts and investors prefer this measure to a Price to Earnings (P/E) ratio because it incorporates the future growth of a firm. The low PEG ratio usually implies that an equity instrument is undervalued; whereas PEG of 1 may indicate that an equity is reasonably priced under given expectations of future growth.
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
| XSE | Seino Holdings | 0.65 | ||||
| FGR | FirstGroup Plc | 0.55 | ||||
| FUY | Fukuyama Transporting | 0.85 | ||||
| ODF | Old Dominion | 0.89 | ||||
| SQR | Saia | 1.85 | ||||
| SNIA | SCHNEIDER NATLINC | 3.14 |
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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