Old National Bancorp Stock Alpha and Beta Analysis
| ONB Stock | USD 23.14 0.20 0.87% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Old National Bancorp. It also helps investors analyze the systematic and unsystematic risks associated with investing in Old National over a specified time horizon. Remember, high Old National'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 National's market risk premium analysis include:
Beta 0.0604 | Alpha 0.29 | Risk 2.55 | Sharpe Ratio 0.11 | Expected Return 0.28 |
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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.
Old |
Old National Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Old National market risk premium is the additional return an investor will receive from holding Old National 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 National. 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 National's performance over market.| α | 0.29 | β | 0.06 |
Old National 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 National's Buy-and-hold return. Our buy-and-hold chart shows how Old National performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Old National Market Price Analysis
Market price analysis indicators help investors to evaluate how Old National 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 National shares will generate the highest return on investment. By understating and applying Old National stock market price indicators, traders can identify Old National position entry and exit signals to maximize returns.
Old National Return and Market Media
The median price of Old National for the period between Fri, Aug 30, 2024 and Thu, Nov 28, 2024 is 19.12 with a coefficient of variation of 6.97. The daily time series for the period is distributed with a sample standard deviation of 1.36, arithmetic mean of 19.53, and mean deviation of 1.06. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Disposition of 18888 shares by Kitchell Ryan C of Old National subject to Rule 16b-3 | 09/13/2024 |
| Old National dividend paid on 16th of September 2024 | 09/16/2024 |
2 | Insider Trading | 09/17/2024 |
3 | Acquisition by Moran John V of 12819 shares of Old National subject to Rule 16b-3 | 09/26/2024 |
4 | Acquisition by James Sandgren of tradable shares of Old National subject to Rule 16b-3 | 10/14/2024 |
5 | Old National Bancorp Third Quarter 2024 Earnings Revenues Beat Expectations, EPS Lags | 10/23/2024 |
6 | Disposition of 15000 shares by Boigegrain Barbara A of Old National subject to Rule 16b-3 | 10/25/2024 |
7 | Stocks Showing Improved Relative Strength Old National Bancorp | 10/31/2024 |
8 | Price Over Earnings Overview Old National | 11/06/2024 |
9 | Old National Bancorp declares 0.14 dividend | 11/13/2024 |
10 | Old National Bank Earns 2025 Military Friendly Employer, Suppl | 11/22/2024 |
11 | Old National Bank to acquire Bremer Bank for 1.4 billion | 11/25/2024 |
12 | Old National Bancorp expands stock offering | 11/26/2024 |
About Old National 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 National Bancorp 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 | 0.031 | 0.0359 | 0.0367 | 0.0242 | Price To Sales Ratio | 3.69 | 2.86 | 2.79 | 3.86 |
Old National Upcoming Company Events
As portrayed in its financial statements, the presentation of Old National's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Old National's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Old National's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Old National. Please utilize our Beneish M Score to check the likelihood of Old National's management manipulating its earnings.
| 23rd of April 2024 Upcoming Quarterly Report | View | |
| 23rd of July 2024 Next Financial Report | View | |
| 31st of March 2024 Next Fiscal Quarter End | View | |
| 28th of January 2025 Next Fiscal Year End | View | |
| 31st of December 2023 Last Quarter Report | View | |
| 31st of December 2023 Last Financial Announcement | View |
Build Portfolio with Old National
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Check out Old National Backtesting, Old National Valuation, Old National Correlation, Old National Hype Analysis, Old National Volatility, Old National History and analyze Old National Performance. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
Old National 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.