Open Lending Correlations

LPRO Stock

USD 1.36 0.15 9.93%

The current 90-days correlation between Open Lending Corp and Medallion Financial Corp is 0.25 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Open Lending moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Open Lending Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Open Lending Correlation With Market

Weak diversification

The correlation between Open Lending Corp and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Open Lending Corp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Open Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Open Lending Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

Related Correlations Analysis

	MFIN	PMTS	FOA	YRD	CPSS	CURR	OPRT	JRVR	DRDB	VABK
MFIN		0.61	-0.21	-0.5	0.74	-0.53	0.75	0.62	-0.14	0.68	MFIN
PMTS	0.61		0.11	0.02	0.58	-0.05	0.49	0.15	-0.34	0.27	PMTS
FOA	-0.21	0.11		-0.01	0.03	-0.07	-0.1	-0.01	0.14	-0.26	FOA
YRD	-0.5	0.02	-0.01		-0.38	0.87	-0.57	-0.81	-0.31	-0.32	YRD
CPSS	0.74	0.58	0.03	-0.38		-0.48	0.42	0.44	-0.28	0.46	CPSS
CURR	-0.53	-0.05	-0.07	0.87	-0.48		-0.6	-0.89	-0.41	-0.44	CURR
OPRT	0.75	0.49	-0.1	-0.57	0.42	-0.6		0.7	0.16	0.53	OPRT
JRVR	0.62	0.15	-0.01	-0.81	0.44	-0.89	0.7		0.47	0.56	JRVR
DRDB	-0.14	-0.34	0.14	-0.31	-0.28	-0.41	0.16	0.47		-0.02	DRDB
VABK	0.68	0.27	-0.26	-0.32	0.46	-0.44	0.53	0.56	-0.02		VABK
	MFIN	PMTS	FOA	YRD	CPSS	CURR	OPRT	JRVR	DRDB	VABK

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

CURR	+ 0.87	YRD
OPRT	+ 0.75	MFIN
CPSS	+ 0.74	MFIN
JRVR	+ 0.7	OPRT
VABK	+ 0.68	MFIN
JRVR	+ 0.62	MFIN

High negative correlations

JRVR	- 0.89	CURR
JRVR	- 0.81	YRD
OPRT	- 0.6	CURR
OPRT	- 0.57	YRD
CURR	- 0.53	MFIN
YRD	- 0.5	MFIN

Risk-Adjusted Indicators

There is a big difference between Open Stock performing well and Open Lending 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 Open Lending'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
MFIN	1.29	0.00	0.01	0.08	1.39	(1.51)	2.72	(2.15)	7.30
PMTS	2.38	(0.38)	0.00	(0.16)	0.00	0.00	6.81	(5.35)	17.80
FOA	1.49	(0.11)	0.00	(0.07)	0.00	0.00	2.97	(3.43)	12.24
YRD	1.95	(0.60)	0.00	(0.65)	0.00	0.00	3.77	(3.75)	13.64
CPSS	1.91	(0.01)	0.00	0.11	0.00	0.00	3.75	(4.17)	10.75
CURR	4.70	(0.82)	0.00	(0.43)	0.00	0.00	10.24	(8.28)	32.18
OPRT	2.23	(0.02)	0.02	0.06	2.71	(2.67)	3.77	(4.78)	31.57
JRVR	1.68	0.28	0.12	0.53	1.79	(2.01)	4.10	(3.14)	10.63
DRDB	0.13	(0.01)	0.00	0.24	0.00	0.00	0.38	(0.29)	1.24
VABK	1.62	0.05	0.01	0.19	1.65	(1.87)	3.98	(2.59)	10.22

Open Lending Corporate Management

Kevin Filan	Senior Marketing	Profile
Simona Fillarini	Chief Officer	Profile
Michelle Glasl	Chief Officer	Profile
Richard Watkins	Founder	Profile
Matthew Roe	Chief Officer	Profile
Massimo Monaco	Chief Officer	Profile

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