Opendoor Cash And Short Term Investments vs Long Term Debt Analysis

OPEN Stock

USD 1.70 0.07 4.29%

Opendoor Technologies financial indicator trend analysis is much more than just breaking down Opendoor Technologies prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Opendoor Technologies is a good investment. Please check the relationship between Opendoor Technologies Cash And Short Term Investments and its Long Term Debt accounts. 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.

Cash And Short Term Investments vs Long Term Debt

Cash And Short Term Investments vs Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Opendoor Technologies Cash And Short Term Investments account and Long Term Debt. At this time, the significance of the direction appears to have strong relationship.

The correlation between Opendoor Technologies' Cash And Short Term Investments and Long Term Debt is 0.72. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Opendoor Technologies, assuming nothing else is changed. The correlation between historical values of Opendoor Technologies' Cash And Short Term Investments and Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of Opendoor Technologies are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Cash And Short Term Investments i.e., Opendoor Technologies' Cash And Short Term Investments and Long Term Debt go up and down completely randomly.

Correlation Coefficient

0.72

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Opendoor Technologies balance sheet. This account contains Opendoor Technologies investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Opendoor Technologies fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Long Term Debt

Long-term debt is a debt that Opendoor Technologies has held for over one year. Long-term debt appears on Opendoor Technologies balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Opendoor Technologies balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Most indicators from Opendoor Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Opendoor Technologies current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. 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.At this time, Opendoor Technologies' Selling General Administrative is very stable compared to the past year. As of the 22nd of November 2024, Sales General And Administrative To Revenue is likely to grow to 0.05, while Tax Provision is likely to drop about 860.2 K.

	2021	2022	2023	2024 (projected)
Gross Profit	730M	667M	487M	465.3M
Total Revenue	8.0B	15.6B	6.9B	7.3B

Gross Profit Total Revenue

Opendoor Technologies fundamental ratios Correlations

	Other Current Liab	Total Current Liabilities	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Other Assets	Common Stock Shares Outstanding	Inventory	Other Current Assets	Other Stockholder Equity	Total Current Assets	Property Plant Equipment	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Short Term Investments
Other Current Liab		0.54	-0.15	0.54	-0.77	-0.71	-0.64	0.1	0.9	0.93	0.83	0.96	0.39	0.95	0.93	0.86	-0.19	0.84	0.86	0.05	0.61	0.9	0.89	0.54	-0.08	0.81
Total Current Liabilities	0.54		-0.03	-0.29	0.1	-0.04	-0.56	0.2	0.75	0.58	0.2	0.69	-0.44	0.68	0.68	0.32	-0.18	0.71	0.35	0.82	-0.14	0.31	0.46	0.93	0.72	0.9
Other Liab	-0.15	-0.03		-0.48	0.29	0.41	0.69	-0.63	-0.25	-0.43	-0.56	-0.27	0.23	-0.3	-0.27	-0.4	0.17	-0.2	-0.39	0.18	-0.28	-0.33	-0.38	-0.05	0.15	-0.21
Net Tangible Assets	0.54	-0.29	-0.48		-0.82	-0.85	-0.27	-0.08	0.25	0.48	0.84	0.41	0.68	0.4	0.32	0.8	-0.37	0.15	0.77	-0.72	0.66	0.6	0.69	-0.24	-0.6	0.12
Retained Earnings	-0.77	0.1	0.29	-0.82		0.78	0.48	-0.19	-0.55	-0.73	-0.86	-0.64	-0.71	-0.64	-0.63	-0.74	-0.03	-0.54	-0.7	0.52	-0.89	-0.88	-0.67	0.03	0.67	-0.3
Accounts Payable	-0.71	-0.04	0.41	-0.85	0.78		0.5	0.02	-0.43	-0.68	-0.89	-0.6	-0.51	-0.58	-0.49	-0.91	0.56	-0.31	-0.88	0.47	-0.51	-0.61	-0.85	0.07	0.26	-0.46
Other Assets	-0.64	-0.56	0.69	-0.27	0.48	0.5		-0.75	-0.79	-0.88	-0.69	-0.77	0.22	-0.78	-0.79	-0.57	0.03	-0.78	-0.56	-0.23	-0.42	-0.69	-0.62	-0.52	-0.07	-0.75
Common Stock Shares Outstanding	0.1	0.2	-0.63	-0.08	-0.19	0.02	-0.75		0.37	0.45	0.25	0.25	-0.36	0.28	0.37	-0.05	0.45	0.47	-0.08	0.24	0.37	0.39	-0.02	0.27	-0.14	0.21
Inventory	0.9	0.75	-0.25	0.25	-0.55	-0.43	-0.79	0.37		0.93	0.66	0.98	0.02	0.98	0.99	0.67	0.04	0.98	0.68	0.35	0.48	0.84	0.76	0.78	0.11	0.89
Other Current Assets	0.93	0.58	-0.43	0.48	-0.73	-0.68	-0.88	0.45	0.93		0.86	0.96	0.18	0.95	0.95	0.8	-0.1	0.9	0.79	0.12	0.63	0.91	0.83	0.58	-0.06	0.84
Other Stockholder Equity	0.83	0.2	-0.56	0.84	-0.86	-0.89	-0.69	0.25	0.66	0.86		0.77	0.48	0.76	0.71	0.92	-0.35	0.58	0.88	-0.28	0.75	0.86	0.86	0.23	-0.34	0.57
Total Current Assets	0.96	0.69	-0.27	0.41	-0.64	-0.6	-0.77	0.25	0.98	0.96	0.77		0.15	1.0	0.98	0.81	-0.13	0.93	0.82	0.22	0.51	0.86	0.87	0.69	0.07	0.9
Property Plant Equipment	0.39	-0.44	0.23	0.68	-0.71	-0.51	0.22	-0.36	0.02	0.18	0.48	0.15		0.11	0.1	0.42	-0.11	0.0	0.36	-0.62	0.7	0.47	0.28	-0.31	-0.71	-0.16
Total Assets	0.95	0.68	-0.3	0.4	-0.64	-0.58	-0.78	0.28	0.98	0.95	0.76	1.0	0.11		0.99	0.79	-0.09	0.93	0.8	0.21	0.5	0.86	0.86	0.68	0.07	0.9
Short Long Term Debt Total	0.93	0.68	-0.27	0.32	-0.63	-0.49	-0.79	0.37	0.99	0.95	0.71	0.98	0.1	0.99		0.71	0.04	0.98	0.72	0.26	0.55	0.88	0.78	0.71	0.03	0.87
Total Stockholder Equity	0.86	0.32	-0.4	0.8	-0.74	-0.91	-0.57	-0.05	0.67	0.8	0.92	0.81	0.42	0.79	0.71		-0.54	0.54	1.0	-0.24	0.5	0.73	0.98	0.27	-0.1	0.68
Property Plant And Equipment Net	-0.19	-0.18	0.17	-0.37	-0.03	0.56	0.03	0.45	0.04	-0.1	-0.35	-0.13	-0.11	-0.09	0.04	-0.54		0.22	-0.54	0.06	0.24	0.1	-0.5	-0.01	-0.4	-0.31
Net Debt	0.84	0.71	-0.2	0.15	-0.54	-0.31	-0.78	0.47	0.98	0.9	0.58	0.93	0.0	0.93	0.98	0.54	0.22		0.55	0.38	0.52	0.84	0.63	0.76	0.05	0.82
Cash	0.86	0.35	-0.39	0.77	-0.7	-0.88	-0.56	-0.08	0.68	0.79	0.88	0.82	0.36	0.8	0.72	1.0	-0.54	0.55		-0.21	0.44	0.7	0.99	0.3	-0.05	0.7
Non Current Assets Total	0.05	0.82	0.18	-0.72	0.52	0.47	-0.23	0.24	0.35	0.12	-0.28	0.22	-0.62	0.21	0.26	-0.24	0.06	0.38	-0.21		-0.37	-0.08	-0.11	0.82	0.78	0.51
Non Currrent Assets Other	0.61	-0.14	-0.28	0.66	-0.89	-0.51	-0.42	0.37	0.48	0.63	0.75	0.51	0.7	0.5	0.55	0.5	0.24	0.52	0.44	-0.37		0.87	0.41	0.07	-0.77	0.15
Long Term Debt	0.9	0.31	-0.33	0.6	-0.88	-0.61	-0.69	0.39	0.84	0.91	0.86	0.86	0.47	0.86	0.88	0.73	0.1	0.84	0.7	-0.08	0.87		0.72	0.43	-0.41	0.59
Cash And Short Term Investments	0.89	0.46	-0.38	0.69	-0.67	-0.85	-0.62	-0.02	0.76	0.83	0.86	0.87	0.28	0.86	0.78	0.98	-0.5	0.63	0.99	-0.11	0.41	0.72		0.39	0.03	0.78
Net Receivables	0.54	0.93	-0.05	-0.24	0.03	0.07	-0.52	0.27	0.78	0.58	0.23	0.69	-0.31	0.68	0.71	0.27	-0.01	0.76	0.3	0.82	0.07	0.43	0.39		0.53	0.8
Good Will	-0.08	0.72	0.15	-0.6	0.67	0.26	-0.07	-0.14	0.11	-0.06	-0.34	0.07	-0.71	0.07	0.03	-0.1	-0.4	0.05	-0.05	0.78	-0.77	-0.41	0.03	0.53		0.47
Short Term Investments	0.81	0.9	-0.21	0.12	-0.3	-0.46	-0.75	0.21	0.89	0.84	0.57	0.9	-0.16	0.9	0.87	0.68	-0.31	0.82	0.7	0.51	0.15	0.59	0.78	0.8	0.47

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Opendoor Technologies Account Relationship Matchups

Opendoor Technologies fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Other Current Liab	32.3M	22.3M	122M	88M	56M	58.9M
Total Current Liabilities	1.1B	393.4M	4.4B	1.5B	70M	66.5M
Net Tangible Assets	(776.5M)	1.6B	2.2M	1.1B	1.2B	1.3B
Retained Earnings	(790.5M)	(1.1B)	(1.7B)	(3.1B)	(3.3B)	(3.2B)
Other Assets	5.4M	4.1M	7K	2M	1.8M	2.3M
Common Stock Shares Outstanding	80.0M	109.3M	592.6M	627.1M	657.1M	478.6M
Inventory	1.3B	465.9M	6.1B	4.5B	1.8B	2.8B
Other Current Assets	30.9M	126.9M	1.0B	725M	602M	492.7M
Other Stockholder Equity	(1.3B)	2.6B	4.0B	4.1B	4.3B	2.5B
Total Current Assets	2.1B	2.1B	9.3B	6.5B	3.4B	4.6B
Property Plant Equipment	95.3M	78.7M	87K	99M	113.9M	64.0M

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

0.77

Ucommune International

Pair Corr

Moving against Opendoor Stock

0.61	UE	Urban Edge Properties	Pair Corr
0.54	CBL	CBL Associates Properties	Pair Corr
0.48	MRNO	Murano Global Investments	Pair Corr
0.44	VNO-PN	Vornado Realty Trust	Pair Corr
0.43	VNO-PM	Vornado Realty Trust Potential Growth	Pair Corr

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 Correlation Correlation 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:

How To Invest In Opendoor

Details

Is Opendoor Stock a good investment?

Details

What is Opendoor Technologies' Net Worth?

Details

Largest Real Estate Management & Development Companies

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Largest Real Estate Companies

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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 Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.

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.

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Opendoor Cash And Short Term Investments vs Long Term Debt Analysis

Cash And Short Term Investments vs Long Term Debt

Cash And Short Term Investments vs Long Term Debt Correlation Analysis

Correlation Coefficient

Cash And Short Term Investments

Long Term Debt

Opendoor Technologies fundamental ratios Correlations

Opendoor Technologies Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Opendoor Technologies fundamental ratios Accounts

Pair Trading with Opendoor Technologies

Moving together with Opendoor Stock

Moving against Opendoor Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Assets	+ 1.0	Total Current Assets
Cash	+ 1.0	Total Stockholder Equity
Short Long Term Debt Total	+ 0.99	Inventory
Short Long Term Debt Total	+ 0.99	Total Assets
Cash And Short Term Investments	+ 0.99	Cash
Total Current Assets	+ 0.98	Inventory

Total Stockholder Equity	- 0.91	Accounts Payable
Other Stockholder Equity	- 0.89	Accounts Payable
Non Currrent Assets Other	- 0.89	Retained Earnings
Other Current Assets	- 0.88	Other Assets
Cash	- 0.88	Accounts Payable
Long Term Debt	- 0.88	Retained Earnings