Old Dominion Freight Line Q3 Misses On Earnings And Revenue As Economic Headwinds Weigh
| IYT Etf | USD 68.23 0.31 0.45% |
Slightly above 61% of IShares Transportation's investor base is looking to short. The current sentiment regarding investing in iShares Transportation Average etf implies that many traders are alarmed. IShares Transportation's investing sentiment can be driven by a variety of factors including economic data, IShares Transportation's earnings reports, geopolitical events, and overall market trends.
IShares |
Old Dominion Freight Line, Inc. shares are trading lower following third-quarter results. The company reported a revenue decline of 3.0 percent year-over-year to 1.470 billion, missing the consensus of 1.492 billion. EPS was 1.43, missing the consensus of 1.47. The revenue decrease is primarily due to a 4.8 percent decrease in LTL tons per day, partially offset by a 1.5 percent increase in LTL revenue per hundredweight. The decline in LTL tons per day is attributed to a 3.4 percent drop in LTL shipments p
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IShares Transportation Investor Sentiment by Other News Outlets
Investor sentiment, mood or attitude towards IShares Transportation can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
IShares Transportation Fundamental Analysis
We analyze IShares Transportation's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of IShares Transportation using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of IShares Transportation based on its fundamental data. In general, a quantitative approach, as applied to this etf, 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 Earning
Price To Earning Comparative Analysis
IShares Transportation is currently under evaluation in price to earning as compared to similar ETFs. Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
iShares Transportation 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 IShares Transportation etf to make a market-neutral strategy. Peer analysis of IShares Transportation could also be used in its relative valuation, which is a method of valuing IShares Transportation by comparing valuation metrics with similar companies.
Peers
IShares Transportation Related Equities
| PTH | Invesco DWA | 0.90 | ||||
| PSL | Invesco DWA | 0.85 | ||||
| PFI | Invesco DWA | 1.28 | ||||
| PYZ | Invesco DWA | 1.32 | ||||
| PEZ | Invesco DWA | 1.45 |
Check out IShares Transportation Hype Analysis, IShares Transportation Correlation and IShares Transportation Performance. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
The market value of iShares Transportation is measured differently than its book value, which is the value of IShares that is recorded on the company's balance sheet. Investors also form their own opinion of IShares Transportation's value that differs from its market value or its book value, called intrinsic value, which is IShares Transportation'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 IShares Transportation's market value can be influenced by many factors that don't directly affect IShares Transportation'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 IShares Transportation's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares Transportation is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares Transportation'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.