Open Lending Corp Stock Probability of Future Stock Price Finishing Over 9.51
| LPRO Stock | USD 5.95 0.03 0.50% |
Open |
Open Lending Target Price Odds to finish over 9.51
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 move over $ 9.51 or more in 90 days |
| 5.95 | 90 days | 9.51 | near 1 |
Based on a normal probability distribution, the odds of Open Lending to move over $ 9.51 or more in 90 days from now is near 1 (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 its current price of $ 5.95 and $ 9.51 at the end of the 90-day period is about 47.84 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.45 . This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Open Lending will likely underperform. 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 |
| Price |
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 | 1.45 | |
σ | Overall volatility | 0.37 | |
Ir | Information ratio | -0.002 |
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 news.google.com: LPRO Altman Z-Score 3.13 - GuruFocus.com |
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 statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Open Lending's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Open Lending Corp
Checking the ongoing alerts about Open Lending for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Open Lending Corp help investors to be notified of important events, 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 news.google.com: LPRO Altman Z-Score 3.13 - GuruFocus.com |
Check out Open Lending Backtesting, Open Lending Valuation, Open Lending Correlation, Open Lending Hype Analysis, Open Lending Volatility, Open Lending History as well as Open Lending Performance. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
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.