Old National Bancorp Short Interest Update
| ONB Stock | USD 21.03 0.43 2.00% |
About 62% of Old National's investor base is looking to short. The analysis of overall sentiment of trading Old National Bancorp stock suggests that many investors are alarmed at this time. The current market sentiment, together with Old National's historical and current headlines, can help investors time the market. In addition, many technical investors use Old National Bancorp stock news signals to limit their universe of possible portfolio assets.
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Old National Bancorp was the recipient of a significant decline in short interest during the month of December. As of December 15th, there was short interest totalling 1,700 shares, a decline of 15.0 percent from the November 30th total of 2,000 shares. Based on an average daily volume of 9,400 shares,
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Old National Fundamental Analysis
We analyze Old National's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Old National using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Old National 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.
Cash And Equivalents
Cash And Equivalents Comparative Analysis
Old National is currently under evaluation in cash and equivalents category among its peers. Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.
Old National Bancorp 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 National stock to make a market-neutral strategy. Peer analysis of Old National could also be used in its relative valuation, which is a method of valuing Old National by comparing valuation metrics with similar companies.
Peers
Old National Related Equities
| WTFCP | Wintrust Financial | 0.04 |
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| FFBC | First Financial | 0.12 |
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| FFNW | First Financial | 0.26 |
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| FNWD | Finward Bancorp | 0.34 |
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| LKFN | Lakeland Financial | 0.72 |
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| WABC | Westamerica Bancorporation | 0.95 |
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| NBHC | National Bank | 1.37 |
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| UMBF | UMB Financial | 1.63 |
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| TCBI | Texas Capital | 2.02 |
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| IBCP | Independent Bank | 2.16 |
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Complementary Tools for Old Stock analysis
When running Old National's price analysis, check to measure Old National's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Old National is operating at the current time. Most of Old National's value examination focuses on studying past and present price action to predict the probability of Old National's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Old National's price. Additionally, you may evaluate how the addition of Old National to your portfolios can decrease your overall portfolio volatility.
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