Old National Bancorp Stock Market Value
| ONB Stock | USD 22.19 0.19 0.85% |
| Symbol | Old |
Old National Bancorp Price To Book Ratio
Is Regional Banks 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 National. 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 National listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.10) | Dividend Share 0.56 | Earnings Share 1.65 | Revenue Per Share 5.767 | Quarterly Revenue Growth 0.046 |
The market value of Old National Bancorp 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 National's value that differs from its market value or its book value, called intrinsic value, which is Old National'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 National's market value can be influenced by many factors that don't directly affect Old National'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 National's value and its price as these two are different measures arrived at by different means. Investors typically determine if Old National is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Old National'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.
Old National '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 National'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 National.
| 11/25/2022 |
| 11/14/2024 |
If you would invest 0.00 in Old National on November 25, 2022 and sell it all today you would earn a total of 0.00 from holding Old National Bancorp or generate 0.0% return on investment in Old National over 720 days. Old National is related to or competes with Home Federal, First Northwest, Community West, HomeTrust Bancshares, QCR Holdings, Citizens Community, and Sierra Bancorp. Old National Bancorp operates as the bank holding company for Old National Bank that provides various financial services... More
Old National 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 National'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 National Bancorp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.44 | |||
| Information Ratio | 0.0831 | |||
| Maximum Drawdown | 18.49 | |||
| Value At Risk | (2.32) | |||
| Potential Upside | 3.04 |
Old National Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Old National's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Old National's standard deviation. In reality, there are many statistical measures that can use Old National historical prices to predict the future Old National's volatility.| Risk Adjusted Performance | 0.1181 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.1418 | |||
| Treynor Ratio | 0.1436 |
Old National Bancorp Backtested Returns
Old National appears to be not too volatile, given 3 months investment horizon. Old National Bancorp maintains Sharpe Ratio (i.e., Efficiency) of 0.13, which implies the firm had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Old National Bancorp, which you can use to evaluate the volatility of the company. Please evaluate Old National's Risk Adjusted Performance of 0.1181, semi deviation of 1.15, and Coefficient Of Variation of 684.98 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Old National holds a performance score of 10. The company holds a Beta of 2.43, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Old National will likely underperform. Please check Old National's downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to make a quick decision on whether Old National's historical price patterns will revert.
Auto-correlation | -0.18 |
Insignificant reverse predictability
Old National Bancorp has insignificant reverse predictability. Overlapping area represents the amount of predictability between Old National time series from 25th of November 2022 to 20th of November 2023 and 20th of November 2023 to 14th of November 2024. 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 National Bancorp price movement. The serial correlation of -0.18 indicates that over 18.0% of current Old National price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | -0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 2.52 |
Old National Bancorp lagged returns against current returns
Autocorrelation, which is Old National 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 National's stock expected returns. We can calculate the autocorrelation of Old National returns to help us make a trade decision. For example, suppose you find that Old National 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 National 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 National stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Old National stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Old National stock over time.
Current vs Lagged Prices |
| Timeline |
Old National Lagged Returns
When evaluating Old National's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Old National stock have on its future price. Old National 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 National autocorrelation shows the relationship between Old National stock current value and its past values and can show if there is a momentum factor associated with investing in Old National Bancorp.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Old National Bancorp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Old National's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Old National Bancorp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Old National Bancorp Stock:Check out Old National Correlation, Old National Volatility and Old National Alpha and Beta module to complement your research on Old National. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Old National 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.