Old Dominion Freight Stock Probability of Future Stock Price Finishing Under 179.54
| ODFL Stock | USD 168.53 1.31 0.77% |
Closest to current price Old long CALL Option Payoff at Expiration
Old |
Old Dominion Target Price Odds to finish below 179.54
The tendency of Old Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay under $ 179.54 after 90 days |
| 168.53 | 90 days | 179.54 | about 16.81 |
Based on a normal probability distribution, the odds of Old Dominion to stay under $ 179.54 after 90 days from now is about 16.81 (This Old Dominion Freight probability density function shows the probability of Old Stock to fall within a particular range of prices over 90 days) . Probability of Old Dominion Freight price to stay between its current price of $ 168.53 and $ 179.54 at the end of the 90-day period is about 10.4 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.29 . This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Old Dominion will likely underperform. Additionally Old Dominion Freight has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Old Dominion Price Density |
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Predictive Modules for Old Dominion
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Old Dominion Freight. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Old Dominion's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Old Dominion Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Old Dominion is not an exception. The market had few large corrections towards the Old Dominion's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Old Dominion Freight, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Old Dominion within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.38 | |
β | Beta against NYSE Composite | 1.29 | |
σ | Overall volatility | 19.81 | |
Ir | Information ratio | -0.16 |
Old Dominion Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Old Dominion for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Old Dominion Freight can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Old Dominion Freight generated a negative expected return over the last 90 days | |
| Old Dominion Freight is unlikely to experience financial distress in the next 2 years | |
| Old Dominion Freight has a strong financial position based on the latest SEC filings | |
| Over 76.0% of the company shares are owned by institutional investors | |
| Latest headline from investing.com: BofA cuts Old Dominion stock target, maintains Neutral |
Old Dominion Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Old Stock often depends not only on the future outlook of the current and potential Old Dominion's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Old Dominion's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 220.2 M | |
| Cash And Short Term Investments | 433.8 M |
Old Dominion Technical Analysis
Old Dominion's future price can be derived by breaking down and analyzing its technical indicators over time. Old Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Old Dominion Freight. In general, you should focus on analyzing Old Stock price patterns and their correlations with different microeconomic environments and drivers.
Old Dominion Predictive Forecast Models
Old Dominion's time-series forecasting models is one of many Old Dominion's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Old Dominion's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Old Dominion Freight
Checking the ongoing alerts about Old Dominion for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Old Dominion Freight help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Old Dominion Freight generated a negative expected return over the last 90 days | |
| Old Dominion Freight is unlikely to experience financial distress in the next 2 years | |
| Old Dominion Freight has a strong financial position based on the latest SEC filings | |
| Over 76.0% of the company shares are owned by institutional investors | |
| Latest headline from investing.com: BofA cuts Old Dominion stock target, maintains Neutral |
Additional Information and Resources on Investing in Old Stock
When determining whether Old Dominion Freight is a strong investment it is important to analyze Old Dominion's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Old Dominion's future performance. For an informed investment choice regarding Old Stock, refer to the following important reports:Check out Old Dominion Backtesting, Old Dominion Valuation, Old Dominion Correlation, Old Dominion Hype Analysis, Old Dominion Volatility, Old Dominion History as well as Old Dominion Performance. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Is Cargo Ground Transportation space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Old Dominion. If investors know Old will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Old Dominion listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.039 | Dividend Share 0.86 | Earnings Share 5.68 | Revenue Per Share 26.959 | Quarterly Revenue Growth 0.012 |
The market value of Old Dominion Freight is measured differently than its book value, which is the value of Old that is recorded on the company's balance sheet. Investors also form their own opinion of Old Dominion's value that differs from its market value or its book value, called intrinsic value, which is Old Dominion's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Old Dominion's market value can be influenced by many factors that don't directly affect Old Dominion's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Old Dominion's value and its price as these two are different measures arrived at by different means. Investors typically determine if Old Dominion is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Old Dominion's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.