Trumps Tariff Threat To Canada May Disrupt Oil Markets, Inflate Prices Would Likely Raise The Price Of Fuels, Says Analyst
| ODFL Stock | USD 180.91 5.18 2.95% |
About 55% of Old Dominion's institutional investors are presently thinking to get in. The current sentiment of investing in Old Dominion Freight suggests that some traders are interested. Old Dominion's investing sentiment shows overall attitude of investors towards Old Dominion Freight.
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President-elect Donald Trumps move to impose 25 percent tariffs on Canada can thwart the growth of the stock markets and affect corporate profits, inflation, transportation and oil marketing companies.
Read at benzinga.com
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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
Old Dominion is currently under evaluation in price to earnings to growth category among its peers. 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
| RXO | RXO | 6.34 | ||||
| XPO | XPO Logistics | 4.50 | ||||
| SAIA | Saia | 4.48 | ||||
| WERN | Werner Enterprises | 3.43 | ||||
| KNX | Knight Transportation | 3.39 | ||||
| MRTN | Marten Transport | 2.86 | ||||
| SNDR | Schneider National | 2.61 | ||||
| ARCB | ArcBest Corp | 2.39 | ||||
| HTLD | Heartland Express | 2.01 | ||||
| TFII | TFI International | 1.43 | ||||
| ULH | Universal Logistics | 0.89 |
Check out Old Dominion Hype Analysis, Old Dominion Correlation and Old Dominion Performance. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Is 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.
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.