Open Operating Income vs Research Development Analysis
| LPRO Stock | USD 6.13 0.01 0.16% |
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 Operating Income and its Research Development 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.
Operating Income vs Research Development
Operating Income vs Research Development Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Open Lending Corp Operating Income account and Research Development. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Open Lending's Operating Income and Research Development is 0.59. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Research Development 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 Operating Income and Research Development is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of Open Lending Corp are associated (or correlated) with its Research Development. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Research Development has no effect on the direction of Operating Income i.e., Open Lending's Operating Income and Research Development go up and down completely randomly.
Correlation Coefficient | 0.59 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Operating Income
Operating Income is the amount of profit realized from Open Lending Corp operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Open Lending Corp is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Research Development
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 Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
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.