Open Lending Corp Stock Probability of Future Stock Price Finishing Over 5.58
| LPRO Stock | USD 5.97 0.19 3.29% |
Open |
Open Lending Target Price Odds to finish over 5.58
The tendency of Open Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay above $ 5.58 in 90 days |
| 5.97 | 90 days | 5.58 | about 88.61 |
Based on a normal probability distribution, the odds of Open Lending to stay above $ 5.58 in 90 days from now is about 88.61 (This Open Lending Corp probability density function shows the probability of Open Stock to fall within a particular range of prices over 90 days) . Probability of Open Lending Corp price to stay between $ 5.58 and its current price of $5.97 at the end of the 90-day period is about 36.26 .
Given the investment horizon of 90 days Open Lending Corp has a beta of -0.95. This indicates Additionally Open Lending Corp has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Open Lending Price Density |
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Predictive Modules for Open Lending
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Open Lending Corp. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Open Lending Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Open Lending is not an exception. The market had few large corrections towards the Open Lending's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Open Lending Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Open Lending within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.05 | |
β | Beta against Dow Jones | -0.95 | |
σ | Overall volatility | 0.34 | |
Ir | Information ratio | -0.02 |
Open Lending Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Open Lending for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Open Lending Corp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Open Lending Corp had very high historical volatility over the last 90 days | |
| Over 84.0% of the company shares are owned by institutional investors | |
| Latest headline from MacroaxisInsider: Acquisition by Charles Jehl of 14880 shares of Open Lending subject to Rule 16b-3 |
Open Lending Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Open Stock often depends not only on the future outlook of the current and potential Open Lending's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Open Lending's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 121.5 M | |
| Cash And Short Term Investments | 240.2 M |
Open Lending Technical Analysis
Open Lending's future price can be derived by breaking down and analyzing its technical indicators over time. Open Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Open Lending Corp. In general, you should focus on analyzing Open Stock price patterns and their correlations with different microeconomic environments and drivers.
Open Lending Predictive Forecast Models
Open Lending's time-series forecasting models is one of many Open Lending's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose st