Open Lending Corp Stock Market Value
| LPRO Stock | USD 6.47 0.11 1.73% |
| Symbol | Open |
Open Lending Corp Price To Book Ratio
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.
Open Lending 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Open Lending's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Open Lending.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Open Lending on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Open Lending Corp or generate 0.0% return on investment in Open Lending over 30 days. Open Lending is related to or competes with EZCORP, Orix Corp, SLM Corp, Navient Corp, Enova International, SLM Corp, and FirstCash. Open Lending Corporation provides lending enablement and risk analytics solutions to credit unions, regional banks, and ... More
Open Lending Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Open Lending's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Open Lending Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.08 | |||
| Information Ratio | 0.0497 | |||
| Maximum Drawdown | 18.76 | |||
| Value At Risk | (3.43) | |||
| Potential Upside | 5.71 |
Open Lending Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Open Lending's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Open Lending's standard deviation. In reality, there are many statistical measures that can use Open Lending historical prices to predict the future Open Lending's volatility.| Risk Adjusted Performance | 0.0719 | |||
| Jensen Alpha | 0.2664 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.0511 | |||
| Treynor Ratio | (2.69) |
Open Lending Corp Backtested Returns
Open Lending appears to be somewhat reliable, given 3 months investment horizon. Open Lending Corp maintains Sharpe Ratio (i.e., Efficiency) of 0.0688, which implies the firm had a 0.0688% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Open Lending Corp, which you can use to evaluate the volatility of the company. Please evaluate Open Lending's Semi Deviation of 2.9, coefficient of variation of 1186.42, and Risk Adjusted Performance of 0.0719 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Open Lending holds a performance score of 5. The company holds a Beta of -0.0956, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Open Lending are expected to decrease at a much lower rate. During the bear market, Open Lending is likely to outperform the market. Please check Open Lending's value at risk, and the relationship between the jensen alpha and skewness , to make a quick decision on whether Open Lending's historical price patterns will revert.
Auto-correlation | 0.16 |
Very weak predictability
Open Lending Corp has very weak predictability. Overlapping area represents the amount of predictability between Open Lending time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Open Lending Corp price movement. The serial correlation of 0.16 indicates that over 16.0% of current Open Lending price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Open Lending Corp lagged returns against current returns
Autocorrelation, which is Open Lending stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Open Lending's stock expected returns. We can calculate the autocorrelation of Open Lending returns to help us make a trade decision. For example, suppose you find that Open Lending has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Open Lending regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Open Lending stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Open Lending stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Open Lending stock over time.
Current vs Lagged Prices |
| Timeline |
Open Lending Lagged Returns
When evaluating Open Lending's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Open Lending stock have on its future price. Open Lending autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Open Lending autocorrelation shows the relationship between Open Lending stock current value and its past values and can show if there is a momentum factor associated with investing in Open Lending Corp.
Regressed Prices |
| Timeline |
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 Correlation, Open Lending Volatility and Open Lending Alpha and Beta module to complement your research on Open Lending. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Open Lending technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.