Open Gross Profit vs Net Income Analysis
| LPRO Stock | USD 6.12 0.10 1.61% |
Open Lending financial indicator trend analysis is much more than just breaking down Open Lending Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Open Lending Corp is a good investment. Please check the relationship between Open Lending Gross Profit and its Net Income accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Open Lending Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
Gross Profit vs Net Income
Gross Profit vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Open Lending Corp Gross Profit account and Net Income. At this time, the significance of the direction appears to have strong relationship.
The correlation between Open Lending's Gross Profit and Net Income is 0.64. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Net Income in the same time period over historical financial statements of Open Lending Corp, assuming nothing else is changed. The correlation between historical values of Open Lending's Gross Profit and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of Open Lending Corp are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Gross Profit i.e., Open Lending's Gross Profit and Net Income go up and down completely randomly.
Correlation Coefficient | 0.64 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Open Lending Corp minus its cost of goods sold. It is profit before Open Lending operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Open Lending Corp financial statement analysis. It represents the amount of money remaining after all of Open Lending Corp operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most indicators from Open Lending's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Open Lending Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Open Lending Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. At this time, Open Lending's Enterprise Value Over EBITDA is very stable compared to the past year. As of the 11th of December 2024, Enterprise Value Multiple is likely to grow to 23.80, while Tax Provision is likely to drop about 18.1 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 1.7M | 1.5M | 1.8M | 1.3M | Interest Income | 213K | 2.0M | 8.9M | 9.4M |
Open Lending fundamental ratios Correlations
Click cells to compare fundamentals
Open Lending Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Open Lending fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 79.2M | 294.0M | 318.8M | 379.6M | 374.0M | 271.1M | |
| Total Current Liabilities | 8.2M | 17.0M | 12.1M | 15.1M | 20.6M | 13.7M | |
| Total Stockholder Equity | (234.8M) | 26.6M | 159.0M | 212.8M | 205.6M | 215.9M | |
| Retained Earnings | (242.8M) | (428.4M) | (282.4M) | (215.8M) | (193.7M) | (203.4M) | |
| Other Assets | 33.7M | 124.3M | 108.2M | 91.7M | 105.5M | 65.7M | |
| Cash And Short Term Investments | 7.7M | 101.5M | 116.5M | 204.5M | 240.2M | 252.2M | |
| Total Liab | 314.0M | 267.4M | 159.8M | 166.8M | 168.5M | 170.8M | |
| Total Current Assets | 45.2M | 162.8M | 202.8M | 280.7M | 289.9M | 158.1M | |
| Other Current Liab | 2.4M | 5.8M | 7.2M | 10.5M | 14.9M | 7.8M | |
| Net Tangible Assets | (234.8M) | 26.6M | 159.0M | 212.8M | 244.7M | 257.0M | |
| Accounts Payable | 1.3M | 3.4M | 1.3M | 288K | 375K | 356.3K | |
| Net Receivables | 33.5M | 54.7M | 78.4M | 69.9M | 40.4M | 52.7M | |
| Common Stock Shares Outstanding | 37.6M | 82.9M | 126.4M | 126.3M | 121.5M | 107.5M | |
| Other Current Assets | 205K | 6.5M | 7.9M | 6.4M | 9.3M | 6.0M | |
| Property Plant Equipment | 299K | 6.9M | 7.9M | 7.2M | 8.3M | 5.0M |
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
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.Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Open Lending Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
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.