Opendoor Income Quality from 2010 to 2024
| OPEN Stock | USD 1.92 0.04 2.04% |
Income Quality | First Reported 2010-12-31 | Previous Quarter (8.52) | Current Value (8.10) | Quarterly Volatility 4.49307221 |
Check Opendoor Technologies financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Opendoor Technologies' main balance sheet or income statement drivers, such as Interest Expense of 153.6 M, Minority Interest of 0.0 or Tax Provision of 860.2 K, as well as many indicators such as Price To Sales Ratio of 0.4, Dividend Yield of 0.0 or PTB Ratio of 3.07. Opendoor financial statements analysis is a perfect complement when working with Opendoor Technologies Valuation or Volatility modules.
Opendoor | Income Quality |
Latest Opendoor Technologies' Income Quality Growth Pattern
Below is the plot of the Income Quality of Opendoor Technologies over the last few years. It is an assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure. Opendoor Technologies' Income Quality historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Opendoor Technologies' overall financial position and show how it may be relating to other accounts over time.
| Income Quality | 10 Years Trend |
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Income Quality |
| Timeline |
Opendoor Income Quality Regression Statistics
| Arithmetic Mean | 1.04 | |
| Geometric Mean | 2.83 | |
| Coefficient Of Variation | 433.66 | |
| Mean Deviation | 3.19 | |
| Median | 2.58 | |
| Standard Deviation | 4.49 | |
| Sample Variance | 20.19 | |
| Range | 17.2759 | |
| R-Value | (0.53) | |
| Mean Square Error | 15.70 | |
| R-Squared | 0.28 | |
| Significance | 0.04 | |
| Slope | (0.53) | |
| Total Sum of Squares | 282.63 |
Opendoor Income Quality History
About Opendoor Technologies Financial Statements
Opendoor Technologies investors utilize fundamental indicators, such as Income Quality, to predict how Opendoor Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Income Quality | (8.52) | (8.10) |
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
| 0.41 | AEI | Alset Ehome International | PairCorr |
| 0.39 | RFL | Rafael Holdings Class | PairCorr |
| 0.34 | BHM | Bluerock Homes Trust | PairCorr |
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.Check out the analysis of Opendoor Technologies Correlation against competitors. To learn how to invest in Opendoor Stock, please use our How to Invest in Opendoor Technologies guide.You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
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.