Old Dominion (Germany) Market Value
| ODF Stock | EUR 152.45 3.35 2.25% |
| Symbol | Old |
Old Dominion 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Old Dominion's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Old Dominion.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Old Dominion on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Old Dominion Freight or generate 0.0% return on investment in Old Dominion over 90 days. Old Dominion is related to or competes with SIDETRADE, TRADEGATE, TRADELINK ELECTRON, Enter Air, Fast Retailing, FAST RETAIL, and LAir Liquide. Old Dominion Freight Line, Inc. operates as a less-than-truckload motor carrier in the United States and North America More
Old Dominion Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Old Dominion's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Old Dominion Freight upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 12.38 | |||
| Value At Risk | (4.35) | |||
| Potential Upside | 2.36 |
Old Dominion Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Old Dominion's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Old Dominion's standard deviation. In reality, there are many statistical measures that can use Old Dominion historical prices to predict the future Old Dominion's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.35) | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | (1.37) |
Old Dominion Freight Backtested Returns
Old Dominion Freight maintains Sharpe Ratio (i.e., Efficiency) of -0.15, which implies the firm had a -0.15 % return per unit of risk over the last 3 months. Old Dominion Freight exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Old Dominion's Risk Adjusted Performance of (0.15), variance of 4.24, and Coefficient Of Variation of (558.00) to confirm the risk estimate we provide. The company holds a Beta of 0.28, which implies not very significant fluctuations relative to the market. As returns on the market increase, Old Dominion's returns are expected to increase less than the market. However, during the bear market, the loss of holding Old Dominion is expected to be smaller as well. At this point, Old Dominion Freight has a negative expected return of -0.31%. Please make sure to check Old Dominion's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Old Dominion Freight performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.69 |
Very good reverse predictability
Old Dominion Freight has very good reverse predictability. Overlapping area represents the amount of predictability between Old Dominion time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Old Dominion Freight price movement. The serial correlation of -0.69 indicates that around 69.0% of current Old Dominion price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | -0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 172.47 |
Old Dominion Freight lagged returns against current returns
Autocorrelation, which is Old Dominion stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Old Dominion's stock expected returns. We can calculate the autocorrelation of Old Dominion returns to help us make a trade decision. For example, suppose you find that Old Dominion has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Old Dominion regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Old Dominion stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Old Dominion stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Old Dominion stock over time.
Current vs Lagged Prices |
| Timeline |
Old Dominion Lagged Returns
When evaluating Old Dominion's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Old Dominion stock have on its future price. Old Dominion autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Old Dominion autocorrelation shows the relationship between Old Dominion stock current value and its past values and can show if there is a momentum factor associated with investing in Old Dominion Freight.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
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 Correlation, Old Dominion Volatility and Old Dominion Alpha and Beta module to complement your research on Old Dominion. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Old Dominion technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.