Opendoor Technologies Earnings Estimate
| OPEN Stock | USD 5.42 0.01 0.18% |
Opendoor Technologies Earnings per Share Projection vs Actual
About Opendoor Technologies Earnings Estimate
The earnings estimate module is a useful tool to check what professional financial analysts are assuming about the future of Opendoor Technologies earnings. We show available consensus EPS estimates for the upcoming years and quarters. Investors can also examine how these consensus opinions have evolved historically. We show current Opendoor Technologies estimates, future projections, as well as estimates 1, 2, and three years ago. Investors can search for a specific entity to conduct investment planning and build diversified portfolios. Please note, earnings estimates provided by Macroaxis are the average expectations of expert analysts that we track. If a given stock such as Opendoor Technologies fails to match professional earnings estimates, it usually performs purely. Wall Street refers to that as a 'negative surprise.' If a company 'beats' future estimates, it's usually called an 'upside surprise.'
Please read more on our stock advisor page.| Last Reported | Projected for Next Year | ||
| Retained Earnings | -5 B | -4.8 B | |
| Earnings Yield | (0.29) | (0.31) | |
| Price Earnings Ratio | (3.44) | (3.61) | |
| Price Earnings To Growth Ratio | (0.02) | (0.02) |
Pair Trading with Opendoor Technologies
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Opendoor Technologies position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Opendoor Technologies will appreciate offsetting losses from the drop in the long position's value.Moving together with Opendoor Stock
| 0.86 | Z | Zillow Group Class | PairCorr |
| 0.62 | 9KL0 | GROUPIMO SA INH | PairCorr |
| 0.62 | GTY | Gateway Real Estate | PairCorr |
Moving against Opendoor Stock
| 0.8 | CDE | Coeur Mining | PairCorr |
| 0.58 | KW | Kennedy Wilson Holdings | PairCorr |
| 0.57 | TAYN | Societe de Tayninh | PairCorr |
| 0.57 | TEG | TAG Immobilien AG | PairCorr |
| 0.54 | 0LF | TOIVO GROUP OYJ | PairCorr |
The ability to find closely correlated positions to Opendoor Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Opendoor Technologies when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Opendoor Technologies - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Opendoor Technologies to buy it.
The correlation of Opendoor Technologies is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Opendoor Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Opendoor Technologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Opendoor Technologies can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Opendoor Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing. To learn how to invest in Opendoor Stock, please use our How to Invest in Opendoor Technologies guide.You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
Will Real Estate Management & Development sector continue expanding? Could Opendoor diversify its offerings? Factors like these will boost the valuation of Opendoor Technologies. Anticipated expansion of Opendoor directly elevates investor willingness to pay premium valuations. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every Opendoor Technologies data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
Earnings Share (1.70) | Revenue Per Share | Quarterly Revenue Growth (0.32) | Return On Assets | Return On Equity |
Investors evaluate Opendoor Technologies using market value (trading price) and book value (balance sheet equity), each telling a different story. Calculating Opendoor Technologies' intrinsic value - the estimated true worth - helps identify when the stock trades at a discount or premium to fair value. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. External factors like market trends, sector rotation, and investor psychology can cause Opendoor Technologies' market price to deviate significantly from intrinsic value.
It's important to distinguish between Opendoor Technologies' intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Opendoor Technologies should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Conversely, Opendoor Technologies' market price signifies the transaction level at which participants voluntarily complete trades.