Open Debt To Equity from 2010 to 2024
| LPRO Stock | USD 5.88 0.07 1.18% |
Debt To Equity | First Reported 2010-12-31 | Previous Quarter 0.70067614 | Current Value 0.74 | Quarterly Volatility 20.81092192 |
Check Open Lending financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Open Lending's main balance sheet or income statement drivers, such as Interest Expense of 5.4 M, Operating Income of 27.6 M or EBIT of 57.2 M, as well as many indicators such as Price To Sales Ratio of 13.2, Dividend Yield of 0.0428 or PTB Ratio of 5.25. Open financial statements analysis is a perfect complement when working with Open Lending Valuation or Volatility modules.
Open | Debt To Equity |
Latest Open Lending's Debt To Equity Growth Pattern
Below is the plot of the Debt To Equity of Open Lending Corp over the last few years. It is a measure of a company's financial leverage calculated by dividing its total liabilities by stockholders' equity, indicating the proportion of equity and debt the company is using to finance its assets. Open Lending's Debt To Equity historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Open Lending's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 0.72 % | 10 Years Trend |
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Debt To Equity |
| Timeline |
Open Debt To Equity Regression Statistics
| Arithmetic Mean | (20.16) | |
| Coefficient Of Variation | (103.21) | |
| Mean Deviation | 20.02 | |
| Median | (38.93) | |
| Standard Deviation | 20.81 | |
| Sample Variance | 433.09 | |
| Range | 44.8556 | |
| R-Value | 0.86 | |
| Mean Square Error | 119.12 | |
| R-Squared | 0.74 | |
| Significance | 0.000035 | |
| Slope | 4.02 | |
| Total Sum of Squares | 6,063 |
Open Debt To Equity History
About Open Lending Financial Statements
Open Lending investors utilize fundamental indicators, such as Debt To Equity, to predict how Open Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Debt To Equity | 0.70 | 0.74 |
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
Moving against 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 the analysis of Open Lending Correlation against competitors. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
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.