Open Lending Stock Forecast - Daily Balance Of Power

LPRO Stock  USD 5.87  0.02  0.34%   
Open Stock Forecast is based on your current time horizon. Although Open Lending's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Open Lending's systematic risk associated with finding meaningful patterns of Open Lending fundamentals over time.
  
As of the 24th of December 2024, Receivables Turnover is likely to grow to 3.30, while Inventory Turnover is likely to drop 2.50. . As of the 24th of December 2024, Net Income Applicable To Common Shares is likely to grow to about 80.4 M, while Common Stock Shares Outstanding is likely to drop about 107.5 M.
On April 11, 2024 Open Lending Corp had Daily Balance Of Power of (0.89). Balance of Power indicator (or BOP) measures the strength of Open Lending Corp market sensitivity to bulls and bears. It estimates the ability of Open Lending buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring Open Lending Balance of Power indicator one can determine a trend of the price direction.
Check Open Lending VolatilityBacktest Open LendingTrend Details  

Open Lending Trading Date Momentum

On April 12 2024 Open Lending Corp was traded for  5.09  at the closing time. The top price for the day was 5.20  and the lowest listed price was  5.04 . The trading volume for the day was 322.6 K. The trading history from April 12, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 2.30% . The trading delta at closing time against the current closing price is 4.61% .
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
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Other Forecasting Options for Open Lending

For every potential investor in Open, whether a beginner or expert, Open Lending's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Open Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Open. Basic forecasting techniques help filter out the noise by identifying Open Lending's price trends.

Open Lending Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Open Lending stock to make a market-neutral strategy. Peer analysis of Open Lending could also be used in its relative valuation, which is a method of valuing Open Lending by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Open Lending Corp Technical and Predictive Analytics

The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Open Lending's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Open Lending's current price.

Open Lending Market Strength Events

Market strength indicators help investors to evaluate how Open Lending stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Open Lending shares will generate the highest return on investment. By undertsting and applying Open Lending stock market strength indicators, traders can identify Open Lending Corp entry and exit signals to maximize returns.

Open Lending Risk Indicators

The analysis of Open Lending's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Open Lending's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting open stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

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

  0.65DHIL Diamond Hill InvestmentPairCorr

Moving against Open Stock

  0.38LU Lufax HoldingPairCorr
  0.34DB Deutsche Bank AGPairCorr
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.
Pair CorrelationCorrelation Matching
When determining whether Open Lending Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Open Lending's 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 Open Lending Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Open Lending Corp Stock:
Check out Historical Fundamental Analysis of Open Lending to cross-verify your projections.
You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
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.