Old National Bancorp maintains Sharpe Ratio (i.e., Efficiency) of -0.0365, which implies the firm had -0.0365% of return per unit of risk over the last 3 months. Macroaxis standpoint towards forecasting the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Old National Bancorp exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to check Old National Bancorp coefficient of variation of (28,847), and Risk Adjusted Performance of (0.00075715) to confirm the risk estimate we provide.
Is Old National (USA Stocks:ONB) a good short-term trade as volatility builds up?
 | By Raphi Shpitalnik | Macroaxis Story |
Lets try to go over the odds of Old National to fully recover from the current slip as its shares went up 0.78%. Old National Bancorp current daily volatility is 1.56 percent, with a beta of 0.94 and an alpha of -0.15 over Dow Jones Industrial. As many millenniums are trying to avoid regional banks, it makes sense to go over Old National Bancorp a little further and try to understand its current market patterns. We will evaluate why recent Old National price moves suggest a bounce in February.
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Reviewed by Gabriel Shpitalnik
Old National Bancorp has roughly 466.85 M in cash with 330.38 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.59.
Our trade recommendations tool can cross-verify current analyst consensus on Old National Bancorp and to analyze the firm potential to grow in the current economic cycle.
Investing in Old National, just like investing in any other equity instrument, is characterized by a strong risk-return correlation. High risks mean high returns and low risk means lower expected returns. Risk management is the act of identifying and assessing the potential risk and developing strategies to minimize these risks and earn maximum possible profits while holding Old National along with other instruments in the same portfolio. Using conventional technical analysis and fundamental analysis to select individual securities into a portfolio complements risk management and adds value to overall investors' investing strategies.
How important is Old National's Liquidity
Old National financial leverage refers to using borrowed capital as a funding source to finance Old National Bancorp ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Old National financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Financial leverage can amplify the potential profits to Old National's owners, but it also increases the potential losses and risk of financial distress, including bankruptcy, if the firm cannot cover its debt costs. The degree of Old National's financial leverage can be measured in several ways, including by ratios such as the debt-to-equity ratio (total debt / total equity), equity multiplier (total assets / total equity), or the debt ratio (total debt / total assets). Please check the breakdown between Old National's total debt and its cash.
Old National Gross Profit
Old National Gross Profit growth is one of the most critical measures in evaluating the company. The Gross Profit growth rate is calculated simply by comparing Old National previous period's values with its current period's values. Each time period you're measuring should be of equal lengths the increase or decrease, in a company's Gross Profit between two periods. Here we show Old National Gross Profit growth over the last 10 years. Please check Old National's gross profit and other fundamental indicators for more details.
Old National Correlation with Peers
Investors in Old can reduce exposure to individual asset risk by holding a diversified portfolio of assets in addition to a long position in Old National Bancorp. Diversification will allow for the same portfolio return with reduced risk. The correlation table of Old National and its peers is a two-dimensional matrix that shows the correlation coefficient between pairs of securities Old is related in some way. The cells in the table are color-coded to highlight significantly positive and negative relationships. Each cell shows the correlation between one pair of equities and can be used to run pair trading strategies or create efficient portfolios with your current brokerage. Please check volatility of Old for more details
Breaking it down a bit more
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This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Raphi Shpitalnik do not own shares of Old National Bancorp. Please refer to our Terms of Use for any information regarding our disclosure principles.