Opendoor Technologies Financials
| OPEN Stock | USD 1.99 0.29 17.06% |
Opendoor |
Understanding current and past Opendoor Technologies Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Opendoor Technologies' financial statements are interrelated, with each one affecting the others. For example, an increase in Opendoor Technologies' assets may result in an increase in income on the income statement.
Opendoor Technologies Stock Summary
Opendoor Technologies competes with EXp World, Re Max, Anywhere Real, Redfin Corp, and Real Brokerage. Opendoor Technologies Inc. operates a digital platform for residential real estate in the United States. Opendoor Technologies Inc. was incorporated in 2013 and is based in Tempe, Arizona. Opendoor Technologies operates under Real Estate Services classification in the United States and is traded on NASDAQ Exchange. It employs 2816 people.Specialization | Real Estate, Real Estate Management & Development |
| Instrument | USA Stock View All |
| Exchange | NASDAQ Exchange |
| ISIN | US6837121036 |
| CUSIP | 683712103 G8250T109 G8250T117 |
| Location | Arizona; U.S.A |
| Business Address | 410 North Scottsdale |
| Sector | Real Estate Management & Development |
| Industry | Real Estate |
| Benchmark | Dow Jones Industrial |
| Website | www.opendoor.com |
| Phone | 480 618 6760 |
| Currency | USD - US Dollar |
Opendoor Technologies Key Financial Ratios
| Return On Equity | -0.41 | ||||
| Return On Asset | -0.0557 | ||||
| Target Price | 1.93 | ||||
| Beta | 2.7 |
Opendoor Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Opendoor Technologies's current stock value. Our valuation model uses many indicators to compare Opendoor Technologies value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Opendoor Technologies competition to find correlations between indicators driving Opendoor Technologies's intrinsic value. More Info.Opendoor Technologies is regarded fifth in return on equity category among its peers. It is rated below average in return on asset category among its peers . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Opendoor Technologies' earnings, one of the primary drivers of an investment's value.Opendoor Technologies Systematic Risk
Opendoor Technologies' systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Opendoor Technologies volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twelve with a total number of output elements of fourty-nine. The Beta measures systematic risk based on how returns on Opendoor Technologies correlated with the market. If Beta is less than 0 Opendoor Technologies generally moves in the opposite direction as compared to the market. If Opendoor Technologies Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Opendoor Technologies is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Opendoor Technologies is generally in the same direction as the market. If Beta > 1 Opendoor Technologies moves generally in the same direction as, but more than the movement of the benchmark.
Opendoor Technologies November 25, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Opendoor Technologies help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Opendoor Technologies. We use our internally-developed statistical techniques to arrive at the intrinsic value of Opendoor Technologies based on widely used predictive technical indicators. In general, we focus on analyzing Opendoor Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Opendoor Technologies's daily price indicators and compare them against related drivers.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 14.15 | |||
| Value At Risk | (7.41) | |||
| Potential Upside | 6.31 |
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 income. To learn how to invest in Opendoor Stock, please use our How to Invest in Opendoor Technologies guide.You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Is Real Estate Management & Development 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 Opendoor Technologies. If investors know Opendoor 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 Opendoor Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Opendoor Technologies is measured differently than its book value, which is the value of Opendoor that is recorded on the company's balance sheet. Investors also form their own opinion of Opendoor Technologies' value that differs from its market value or its book value, called intrinsic value, which is Opendoor Technologies' 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 Opendoor Technologies' market value can be influenced by many factors that don't directly affect Opendoor Technologies' 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 Opendoor Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Opendoor Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Opendoor Technologies' 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.