Old Dominion Freight Stock Alpha and Beta Analysis
| ODFL Stock | USD 220.25 1.86 0.85% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Old Dominion Freight. It also helps investors analyze the systematic and unsystematic risks associated with investing in Old Dominion over a specified time horizon. Remember, high Old Dominion's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Old Dominion's market risk premium analysis include:
Beta 1.92 | Alpha (0.07) | Risk 2.34 | Sharpe Ratio 0.0786 | Expected Return 0.18 |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
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Old Dominion Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Old Dominion market risk premium is the additional return an investor will receive from holding Old Dominion long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Old Dominion. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Old Dominion's performance over market.| α | -0.07 | β | 1.92 |
Old Dominion expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Old Dominion's Buy-and-hold return. Our buy-and-hold chart shows how Old Dominion performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Old Dominion Market Price Analysis
Market price analysis indicators help investors to evaluate how Old Dominion stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Old Dominion shares will generate the highest return on investment. By understating and applying Old Dominion stock market price indicators, traders can identify Old Dominion position entry and exit signals to maximize returns.
Old Dominion Return and Market Media
The median price of Old Dominion for the period between Mon, Aug 26, 2024 and Sun, Nov 24, 2024 is 198.64 with a coefficient of variation of 5.72. The daily time series for the period is distributed with a sample standard deviation of 11.5, arithmetic mean of 201.21, and mean deviation of 8.67. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Disposition of 10025 shares by David Congdon of Old Dominion at 190.19 subject to Rule 16b-3 | 08/30/2024 |
| Old Dominion dividend paid on 4th of September 2024 | 09/04/2024 |
| Old Dominion dividend paid on 18th of September 2024 | 09/18/2024 |
2 | Disposition of 338 shares by Greg Gantt of Old Dominion subject to Rule 16b-3 | 10/01/2024 |
3 | Disposition of 256 shares by Greg Gantt of Old Dominion at 204.1 subject to Rule 16b-3 | 10/11/2024 |
4 | Calton Associates Inc. Buys 2,150 Shares of Old Dominion Freight Line, Inc. | 10/22/2024 |
5 | Old Dominion Freight Line Third Quarter 2024 Earnings Revenues Disappoint | 10/24/2024 |
6 | Old Dominion visits No. 10 Arizona after Davis 25-point showing | 11/08/2024 |
7 | Old Dominion Freight Line Stock Price Expected to Rise, Barclays Analyst Says | 11/13/2024 |
8 | Eventide Asset Managements Strategic Reduction in Xometry Inc Holdings | 11/14/2024 |
9 | Disposition of 7577 shares by Earl Congdon of Old Dominion at 211.8 subject to Rule 16b-3 | 11/19/2024 |
10 | Segall Bryant Hamill LLC Acquires New Shares in Old Dominion Freight Line, Inc. | 11/20/2024 |
11 | Integrated Investment Consultants LLC Buys Shares of 10,596 Old Dominion Freight Line, Inc. | 11/21/2024 |
About Old Dominion Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Old or other stocks. Alpha measures the amount that position in Old Dominion Freight has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.002229 | 0.004191 | 0.003948 | 0.002607 | Price To Sales Ratio | 7.89 | 5.13 | 7.56 | 7.94 |
Old Dominion Upcoming Company Events
As portrayed in its financial statements, the presentation of Old Dominion's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Old Dominion's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Old Dominion's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Old Dominion. Please utilize our Beneish M Score to check the likelihood of Old Dominion's management manipulating its earnings.
| 31st of January 2024 Upcoming Quarterly Report | View | |
| 24th of April 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 31st of January 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
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Check out Old Dominion Backtesting, Old Dominion Valuation, Old Dominion Correlation, Old Dominion Hype Analysis, Old Dominion Volatility, Old Dominion History and analyze Old Dominion Performance. You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
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.