Old Dominion Freight Line, Inc. Are Hedge Funds Bullish On This Logistics Stock Right Now?
YELLDelisted Stock | USD 1.36 0.22 19.30% |
About 55% of Yellow Corp's institutional investors are presently thinking to get in. The analysis of current outlook of investing in Yellow Corp suggests that some traders are interested regarding Yellow Corp's prospects. Yellow Corp's investing sentiment shows overall attitude of investors towards Yellow Corp.
Yellow |
We recently compiled a list of the 11 Best Logistics Stocks to Invest in Right Now. In this article, we are going to take a look at where Old Dominion Freight Line, Inc. stands against the other logistics stocks. The Logistics Industry Current Dynamics Logistics companies transporting goods around the world continue to navigate uncertainty
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Yellow Corp Fundamental Analysis
We analyze Yellow Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Yellow Corp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Yellow Corp 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.
Working Capital
Working Capital Comparative Analysis
Yellow Corp is currently under evaluation in working capital category among its peers. Working Capital is a measure of company efficiency and operating liquidity. The working capital is usually calculated by subtracting Current Liabilities from Current Assets. It is an important indicator of the firm ability to continue its normal operations without additional debt obligations. .
Yellow Corp 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 Yellow Corp stock to make a market-neutral strategy. Peer analysis of Yellow Corp could also be used in its relative valuation, which is a method of valuing Yellow Corp by comparing valuation metrics with similar companies.
Peers
Yellow Corp Related Equities
KNX | Knight Transportation | 4.71 | ||||
ULH | Universal Logistics | 2.79 | ||||
HTLD | Heartland Express | 2.49 | ||||
ARCB | ArcBest Corp | 1.79 | ||||
XPO | XPO Logistics | 1.67 | ||||
ODFL | Old Dominion | 1.46 | ||||
RXO | RXO | 1.39 | ||||
SAIA | Saia | 1.18 | ||||
TFII | TFI International | 0.34 | ||||
WERN | Werner Enterprises | 0.24 | ||||
MRTN | Marten Transport | 0.12 | ||||
SNDR | Schneider National | 0.03 |
Check out Your Current Watchlist to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Other Consideration for investing in Yellow Stock
If you are still planning to invest in Yellow Corp check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Yellow Corp's history and understand the potential risks before investing.
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