Opendoor Technologies Stock Probability Of Bankruptcy

OPEN Stock  USD 1.93  0.03  1.53%   
Opendoor Technologies' odds of distress is under 39% at this time. It has slight probability of undergoing some form of financial hardship in the near future. Odds of distress shows the probability of financial torment over the next two years of operations under current economic and market conditions. All items used in analyzing the odds of distress are taken from the Opendoor balance sheet, as well as cash flow and income statements available from the company's most recent filings. Check out Opendoor Technologies Piotroski F Score and Opendoor Technologies Altman Z Score analysis.
To learn how to invest in Opendoor Stock, please use our How to Invest in Opendoor Technologies guide.
  
As of the 13th of December 2024, Market Cap is likely to drop to about 2 B

Opendoor Technologies Company odds of distress Analysis

Opendoor Technologies' Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.

Probability Of Bankruptcy

 = 

Normalized

Z-Score

More About Probability Of Bankruptcy | All Equity Analysis

Current Opendoor Technologies Probability Of Bankruptcy

    
  Less than 39%  
Most of Opendoor Technologies' fundamental indicators, such as Probability Of Bankruptcy, 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, Opendoor Technologies is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of Opendoor Technologies probability of bankruptcy is based on Altman Z-Score and Piotroski F-Score, but not limited to these measures. To be applied to a broader range of industries and markets, we use several other techniques to enhance the accuracy of predicting Opendoor Technologies odds of financial distress. These include financial statement analysis, different types of price predictions, earning estimates, analysis consensus, and basic intrinsic valuation. Please use the options below to get a better understanding of different measures that drive the calculation of Opendoor Technologies financial health.
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.
Earnings Share
(0.54)
Revenue Per Share
7.174
Quarterly Revenue Growth
0.405
Return On Assets
(0.06)
Return On Equity
(0.41)
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.

Opendoor Probability Of Bankruptcy Driver Correlations

Understanding the fundamental principles of building solid financial models for Opendoor Technologies is extremely important. It helps to project a fair market value of Opendoor Stock properly, considering its historical fundamentals such as Probability Of Bankruptcy. Since Opendoor Technologies' 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 Opendoor Technologies' 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 Opendoor Technologies' interrelated accounts and indicators.
-0.82-0.850.410.680.40.80.150.6-0.24-0.60.120.00.540.080.65-0.33-0.810.870.59
-0.820.78-0.64-0.71-0.64-0.74-0.54-0.880.030.67-0.3-0.4-0.73-0.39-0.860.140.74-0.83-0.74
-0.850.78-0.6-0.51-0.58-0.91-0.31-0.610.070.26-0.46-0.19-0.7-0.47-0.730.00.85-0.93-0.68
0.41-0.64-0.60.151.00.810.930.860.690.070.90.880.990.870.940.65-0.170.70.16
0.68-0.71-0.510.150.110.420.00.47-0.31-0.71-0.16-0.150.24-0.180.41-0.48-0.670.620.57
0.4-0.64-0.581.00.110.790.930.860.680.070.90.890.980.880.930.65-0.150.670.16
0.8-0.74-0.910.810.420.790.540.730.27-0.10.680.440.880.60.870.28-0.580.940.38
0.15-0.54-0.310.930.00.930.540.840.760.050.820.980.870.850.840.680.060.450.08
0.6-0.88-0.610.860.470.860.730.840.43-0.410.590.730.890.610.970.27-0.390.780.44
-0.240.030.070.69-0.310.680.270.760.430.530.80.810.590.650.470.920.540.14-0.51
-0.60.670.260.07-0.710.07-0.10.05-0.410.530.470.17-0.030.35-0.260.750.59-0.32-0.64
0.12-0.3-0.460.9-0.160.90.680.820.590.80.470.830.860.930.720.880.030.51-0.05
0.0-0.4-0.190.88-0.150.890.440.980.730.810.170.830.810.870.740.750.20.3-0.04
0.54-0.73-0.70.990.240.980.880.870.890.59-0.030.860.810.830.970.55-0.30.790.25
0.08-0.39-0.470.87-0.180.880.60.850.610.650.350.930.870.830.70.77-0.070.430.16
0.65-0.86-0.730.940.410.930.870.840.970.47-0.260.720.740.970.70.36-0.420.850.4
-0.330.140.00.65-0.480.650.280.680.270.920.750.880.750.550.770.360.490.09-0.45
-0.810.740.85-0.17-0.67-0.15-0.580.06-0.390.540.590.030.2-0.3-0.07-0.420.49-0.72-0.91
0.87-0.83-0.930.70.620.670.940.450.780.14-0.320.510.30.790.430.850.09-0.720.54
0.59-0.74-0.680.160.570.160.380.080.44-0.51-0.64-0.05-0.040.250.160.4-0.45-0.910.54
Click cells to compare fundamentals
The Probability of Bankruptcy SHOULD NOT be confused with the actual chance of a company to file for chapter 7, 11, 12, or 13 bankruptcy protection. Macroaxis simply defines Financial Distress as an operational condition where a company is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from both public financial statements as well as analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors taken into account include analysis of liquidity, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
Competition

Based on the latest financial disclosure, Opendoor Technologies has a Probability Of Bankruptcy of 39.0%. This is 8.81% lower than that of the Real Estate Management & Development sector and 21.7% lower than that of the Real Estate industry. The probability of bankruptcy for all United States stocks is 2.08% higher than that of the company.

Opendoor Probability Of Bankruptcy Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Opendoor Technologies' direct or indirect competition against its Probability Of Bankruptcy to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Opendoor Technologies could also be used in its relative valuation, which is a method of valuing Opendoor Technologies by comparing valuation metrics of similar companies.
Opendoor Technologies is currently under evaluation in probability of bankruptcy category among its peers.

Opendoor Fundamentals

About Opendoor Technologies Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Opendoor Technologies's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Opendoor Technologies using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Opendoor Technologies 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 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 against Opendoor Stock

  0.49AEI Alset Ehome InternationalPairCorr
  0.39RFL Rafael Holdings ClassPairCorr
  0.37BHM Bluerock Homes TrustPairCorr
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.
Pair CorrelationCorrelation Matching
When determining whether Opendoor Technologies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Opendoor Technologies' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Opendoor Technologies Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Opendoor Technologies Stock:
Check out Opendoor Technologies Piotroski F Score and Opendoor Technologies Altman Z Score analysis.
To learn how to invest in Opendoor Stock, please use our How to Invest in Opendoor Technologies guide.
You can also try the CEOs Directory module to screen CEOs from public companies around the world.
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.
Earnings Share
(0.54)
Revenue Per Share
7.174
Quarterly Revenue Growth
0.405
Return On Assets
(0.06)
Return On Equity
(0.41)
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.