Opendoor Technologies Stock Alpha and Beta Analysis
| OPEN Stock | USD 2.27 0.07 3.18% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Opendoor Technologies. It also helps investors analyze the systematic and unsystematic risks associated with investing in Opendoor Technologies over a specified time horizon. Remember, high Opendoor Technologies' alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Opendoor Technologies' market risk premium analysis include:
Beta 2.77 | Alpha (0.41) | Risk 5 | Sharpe Ratio 0.0413 | Expected Return 0.21 |
Enterprise Value |
|
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Opendoor |
Opendoor Technologies Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Opendoor Technologies market risk premium is the additional return an investor will receive from holding Opendoor Technologies long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Opendoor Technologies. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Opendoor Technologies' performance over market.| α | -0.41 | β | 2.77 |
Opendoor Technologies expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Opendoor Technologies' Buy-and-hold return. Our buy-and-hold chart shows how Opendoor Technologies performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Opendoor Technologies Market Price Analysis
Market price analysis indicators help investors to evaluate how Opendoor Technologies stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Opendoor Technologies shares will generate the highest return on investment. By understating and applying Opendoor Technologies stock market price indicators, traders can identify Opendoor Technologies position entry and exit signals to maximize returns.
Opendoor Technologies Return and Market Media
The median price of Opendoor Technologies for the period between Fri, Aug 30, 2024 and Thu, Nov 28, 2024 is 1.9 with a coefficient of variation of 10.2. The daily time series for the period is distributed with a sample standard deviation of 0.2, arithmetic mean of 1.94, and mean deviation of 0.16. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | SESAME BAKERY, FROM MIAMIS BELOVED MOTEK TEAM, IS NOW OPEN IN NORTH MIAMI | 10/21/2024 |
2 | Opendoor Technologies Inc Q3 2024 Earnings Revenue Surges to 1. ... | 11/07/2024 |
3 | Opendoors SWOT analysis housing market challenges test stock resilience | 11/12/2024 |
4 | Federal jobs are known for their stability. Now they could be in jeopardy as Musk pushes for deep spending cuts. | 11/19/2024 |
5 | 7 LA Restaurants Among Top 100 In The U.S., According To New List | 11/20/2024 |
6 | New Costco Could Open, States 10 Best Restaurants IL Business News | 11/22/2024 |
7 | Disposition of 1223 shares by Christina Schwartz of Opendoor Technologies at 3.2609 subject to Rule 16b-3 | 11/25/2024 |
About Opendoor Technologies Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Opendoor or other stocks. Alpha measures the amount that position in Opendoor Technologies has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2021 | 2022 | 2023 | 2024 (projected) | Payables Turnover | 2.4K | 3.2K | 2.9K | 3.1K | Days Of Inventory On Hand | 305.18 | 109.26 | 100.31 | 180.8 |
Opendoor Technologies Upcoming Company Events
As portrayed in its financial statements, the presentation of Opendoor Technologies' financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Opendoor Technologies' leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Opendoor Technologies' public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Opendoor Technologies. Please utilize our Beneish M Score to check the likelihood of Opendoor Technologies' management manipulating its earnings.
| 15th of February 2024 Upcoming Quarterly Report | View | |
| 2nd of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 15th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Build Portfolio with Opendoor Technologies
Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.Build Diversified Portfolios
Align your risk with return expectations
Check out Opendoor Technologies Backtesting, Opendoor Technologies Valuation, Opendoor Technologies Correlation, Opendoor Technologies Hype Analysis, Opendoor Technologies Volatility, Opendoor Technologies History and analyze Opendoor Technologies Performance. To learn how to invest in Opendoor Stock, please use our How to Invest in Opendoor Technologies guide.You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Opendoor Technologies 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.