Open Lending Corp Stock Beta
| LPRO Stock | USD 6.36 0.12 1.85% |
Open Lending Corp fundamentals help investors to digest information that contributes to Open Lending's financial success or failures. It also enables traders to predict the movement of Open Stock. The fundamental analysis module provides a way to measure Open Lending's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Open Lending stock.
Open | Beta |
Open Lending Corp Company Beta Analysis
Open Lending's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Open Lending Beta | 1.13 |
Most of Open Lending's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Open Lending Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Open Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Open Lending is extremely important. It helps to project a fair market value of Open Stock properly, considering its historical fundamentals such as Beta. Since Open Lending's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Open Lending's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Open Lending's interrelated accounts and indicators.
Click cells to compare fundamentals
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Open Lending Corp has a Beta of 1.13. This is 37.8% higher than that of the Capital Markets sector and about the same as Financials (which currently averages 1.14) industry. The beta for all United States stocks is notably lower than that of the firm.
Open Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Open Lending's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Open Lending could also be used in its relative valuation, which is a method of valuing Open Lending by comparing valuation metrics of similar companies.Open Lending is currently under evaluation in beta category among its peers.
Open Lending Current Valuation Drivers
We derive many important indicators used in calculating different scores of Open Lending from analyzing Open Lending's financial statements. These drivers represent accounts that assess Open Lending's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Open Lending's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 396.6M | 2.9B | 2.8B | 851.2M | 1.0B | 1.2B | |
| Enterprise Value | 392.3M | 3.0B | 2.9B | 798.3M | 936.2M | 1.2B |
Open Lending ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Open Lending's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Open Lending's managers, analysts, and investors.Environmental | Governance | Social |
Open Lending Institutional Holders
Institutional Holdings refers to the ownership stake in Open Lending that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Open Lending's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Open Lending's value.| Shares | Jpmorgan Chase & Co | 2024-06-30 | 1.4 M | Kornitzer Capital Management Inc | 2024-09-30 | 918 K | Northern Trust Corp | 2024-09-30 | 874.9 K | Charles Schwab Investment Management Inc | 2024-09-30 | 841.9 K | Goldman Sachs Group Inc | 2024-06-30 | 729.2 K | Palogic Value Management Lp | 2024-09-30 | 725 K | Raymond James & Associates | 2024-09-30 | 715.4 K | Renaissance Technologies Corp | 2024-09-30 | 620.9 K | Cresset Asset Management, Llc | 2024-09-30 | 550.6 K | Wasatch Advisors Lp | 2024-09-30 | 16.6 M | T. Rowe Price Associates, Inc. | 2024-06-30 | 10.7 M |
Open Lending returns are very sensitive to returns on the market. As the market goes up or down, Open Lending is expected to follow.
Open Fundamentals
| Return On Equity | 0.0211 | ||||
| Return On Asset | 0.0079 | ||||
| Profit Margin | 0.05 % | ||||
| Operating Margin | 0.08 % | ||||
| Current Valuation | 666.93 M | ||||
| Shares Outstanding | 119.35 M | ||||
| Shares Owned By Insiders | 2.69 % | ||||
| Shares Owned By Institutions | 84.49 % | ||||
| Number Of Shares Shorted | 3.44 M | ||||
| Price To Earning | 6.62 X | ||||
| Price To Book | 3.50 X | ||||
| Price To Sales | 8.07 X | ||||
| Revenue | 117.46 M | ||||
| Gross Profit | 159.63 M | ||||
| EBITDA | 41.3 M | ||||
| Net Income | 22.07 M | ||||
| Cash And Equivalents | 167.7 M | ||||
| Cash Per Share | 1.33 X | ||||
| Total Debt | 148.13 M | ||||
| Debt To Equity | 0.72 % | ||||
| Current Ratio | 18.48 X | ||||
| Book Value Per Share | 1.85 X | ||||
| Cash Flow From Operations | 82.66 M | ||||
| Short Ratio | 13.27 X | ||||
| Earnings Per Share | 0.04 X | ||||
| Price To Earnings To Growth | 0.21 X | ||||
| Target Price | 7.25 | ||||
| Number Of Employees | 210 | ||||
| Beta | 1.13 | ||||
| Market Capitalization | 773.39 M | ||||
| Total Asset | 374.04 M | ||||
| Retained Earnings | (193.75 M) | ||||
| Working Capital | 269.29 M | ||||
| Net Asset | 374.04 M |
About Open Lending Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Open Lending Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Open Lending using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Open Lending Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Open Lending
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 Open Lending 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 Open Lending will appreciate offsetting losses from the drop in the long position's value.Moving together with Open Stock
Moving against Open Stock
The ability to find closely correlated positions to Open Lending could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Open Lending 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 Open Lending - 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 Open Lending Corp to buy it.
The correlation of Open Lending 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 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. 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 Open Lending 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 Open Lending Piotroski F Score and Open Lending Altman Z Score analysis. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Is Diversified Capital Markets 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 Open Lending. If investors know Open 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 Open Lending listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.50) | Earnings Share 0.04 | Revenue Per Share 0.805 | Quarterly Revenue Growth (0.1) | Return On Assets 0.0079 |
The market value of Open Lending Corp is measured differently than its book value, which is the value of Open that is recorded on the company's balance sheet. Investors also form their own opinion of Open Lending's value that differs from its market value or its book value, called intrinsic value, which is Open Lending's 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 Open Lending's market value can be influenced by many factors that don't directly affect Open Lending's 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 Open Lending's value and its price as these two are different measures arrived at by different means. Investors typically determine if Open Lending is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Open Lending's 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.