Old Dominion Correlations

ODFL Stock

USD 169.85 1.40 0.83%

The current 90-days correlation between Old Dominion Freight and Timken Company is -0.12 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Old Dominion moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Old Dominion Freight moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Old Dominion Correlation With Market

Good diversification

The correlation between Old Dominion Freight and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Old Dominion Freight and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Old Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Old Dominion Freight. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with Old Stock

0.64	AAL	American Airlines Aggressive Push	Pair Corr
0.84	ALK	Alaska Air Group	Pair Corr
0.66	LUV	Southwest Airlines Aggressive Push	Pair Corr
0.61	JBLU	JetBlue Airways Corp Aggressive Push	Pair Corr
0.66	ALGT	Allegiant Travel	Pair Corr
0.73	SNCY	Sun Country Airlines	Pair Corr
0.64	TFII	TFI International	Pair Corr
0.75	ULCC	Frontier Group Holdings	Pair Corr
0.63	R	Ryder System	Pair Corr
0.61	DE	Deere Company	Pair Corr
0.63	FA	First Advantage Corp	Pair Corr

Moving against Old Stock

0.46	MESA	Mesa Air Group	Pair Corr
0.31	G	Genpact Limited	Pair Corr

Related Correlations Analysis

	NTGR	TKR	IPAR	VPG	TTC	EML	JBL	MRAM
NTGR		0.85	0.86	0.86	0.8	0.37	0.69	0.86	NTGR
TKR	0.85		0.86	0.91	0.74	0.55	0.81	0.85	TKR
IPAR	0.86	0.86		0.85	0.61	0.46	0.83	0.8	IPAR
VPG	0.86	0.91	0.85		0.69	0.45	0.79	0.83	VPG
TTC	0.8	0.74	0.61	0.69		0.44	0.41	0.6	TTC
EML	0.37	0.55	0.46	0.45	0.44		0.27	0.23	EML
JBL	0.69	0.81	0.83	0.79	0.41	0.27		0.86	JBL
MRAM	0.86	0.85	0.8	0.83	0.6	0.23	0.86		MRAM
	NTGR	TKR	IPAR	VPG	TTC	EML	JBL	MRAM

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Old Stock performing well and Old Dominion Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Old Dominion's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
NTGR	2.48	0.15	0.06	0.20	3.07	(3.14)	5.80	(4.12)	22.43
TKR	1.83	(0.02)	0.01	0.09	2.62	(1.96)	3.85	(4.35)	16.21
IPAR	1.48	0.18	0.08	0.31	1.80	(1.61)	3.26	(3.28)	12.60
VPG	3.62	0.23	0.06	0.22	4.88	(3.83)	9.10	(5.93)	44.34
TTC	1.71	(0.05)	(0.02)	0.06	2.46	(1.73)	4.24	(3.37)	15.09
EML	2.17	(0.18)	0.00	(0.18)	0.00	0.00	3.76	(3.51)	14.34
JBL	1.80	0.63	0.22	0.55	2.00	(1.94)	5.04	(3.88)	18.07
MRAM	2.13	0.41	0.14	0.49	2.37	(2.47)	4.29	(4.66)	19.35

Old Dominion Corporate Management

Cecil Overbey	Sr. VP of Marketing Pricing and Strategic Devel.	Profile
Clayton Brinker	VP Officer	Profile
Sam Faucette	Vice Compliance	Profile
Kimberly Maready	Principal Accounting Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC