Opendoor Accounts Payable vs Cash And Short Term Investments Analysis
| OPEN Stock | USD 2.08 0.11 5.02% |
Opendoor Technologies financial indicator trend analysis is much more than just breaking down Opendoor Technologies prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Opendoor Technologies is a good investment. Please check the relationship between Opendoor Technologies Accounts Payable and its Cash And Short Term Investments accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Opendoor Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. To learn how to invest in Opendoor Stock, please use our How to Invest in Opendoor Technologies guide.
Accounts Payable vs Cash And Short Term Investments
Accounts Payable vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Opendoor Technologies Accounts Payable account and Cash And Short Term Investments. At this time, the significance of the direction appears to have strong relationship.
The correlation between Opendoor Technologies' Accounts Payable and Cash And Short Term Investments is 0.66. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Opendoor Technologies, assuming nothing else is changed. The correlation between historical values of Opendoor Technologies' Accounts Payable and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Opendoor Technologies are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Accounts Payable i.e., Opendoor Technologies' Accounts Payable and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.66 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Accounts Payable
An accounting item on the balance sheet that represents Opendoor Technologies obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Opendoor Technologies are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Opendoor Technologies balance sheet. This account contains Opendoor Technologies investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Opendoor Technologies fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Most indicators from Opendoor Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Opendoor Technologies 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Opendoor Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. To learn how to invest in Opendoor Stock, please use our How to Invest in Opendoor Technologies guide.At this time, Opendoor Technologies' Selling General Administrative is very stable compared to the past year. As of the 23rd of September 2024, Sales General And Administrative To Revenue is likely to grow to 0.05, while Tax Provision is likely to drop about 860.2 K.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 730M | 667M | 487M | 465.3M | Total Revenue | 8.0B | 15.6B | 6.9B | 7.3B |
Opendoor Technologies fundamental ratios Correlations
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Opendoor Technologies Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Opendoor Technologies fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Current Liabilities | 1.1B | 393.4M | 4.4B | 1.5B | 70M | 66.5M | |
| Net Tangible Assets | (776.5M) | 1.6B | 2.2M | 1.1B | 1.2B | 1.3B | |
| Retained Earnings | (790.5M) | (1.1B) | (1.7B) | (3.1B) | (3.3B) | (3.2B) | |
| Accounts Payable | 6.5M | 25.3M | 137M | 110M | 2M | 1.9M | |
| Other Assets | 5.4M | 4.1M | 7K | 2M | 1.8M | 2.3M | |
| Common Stock Shares Outstanding | 80.0M | 109.3M | 592.6M | 627.1M | 657.1M | 478.6M | |
| Inventory | 1.3B | 465.9M | 6.1B | 4.5B | 1.8B | 2.8B | |
| Other Current Assets | 30.9M | 25.0M | 91M | 41M | (3.4B) | (3.2B) | |
| Other Stockholder Equity | (1.3B) | 3.7B | 5.7B | 7.2B | 4.3B | 3.6B | |
| Total Current Assets | 2.1B | 2.1B | 9.3B | 6.5B | 3.4B | 4.6B | |
| Property Plant Equipment | 95.3M | 78.7M | 87K | 99M | 113.9M | 64.0M |
Pair Trading with Opendoor Technologies
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 Opendoor Technologies 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 Opendoor Technologies will appreciate offsetting losses from the drop in the long position's value.Moving together with Opendoor Stock
The ability to find closely correlated positions to Opendoor Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Opendoor Technologies 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 Opendoor Technologies - 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 Opendoor Technologies to buy it.
The correlation of Opendoor Technologies 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 Opendoor Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Opendoor Technologies 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 Opendoor Technologies 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.Additional Information and Resources on Investing in Opendoor Stock
When determining whether Opendoor Technologies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Opendoor Technologies' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Opendoor Technologies Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Opendoor Technologies Stock:Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Opendoor Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. To learn how to invest in Opendoor Stock, please use our How to Invest in Opendoor Technologies guide.You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Is Real Estate Management & Development 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 Opendoor Technologies. If investors know Opendoor 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 Opendoor Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.59) | Revenue Per Share 6.702 | Quarterly Revenue Growth (0.23) | Return On Assets (0.06) | Return On Equity (0.41) |
The market value of Opendoor Technologies is measured differently than its book value, which is the value of Opendoor that is recorded on the company's balance sheet. Investors also form their own opinion of Opendoor Technologies' value that differs from its market value or its book value, called intrinsic value, which is Opendoor Technologies' 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 Opendoor Technologies' market value can be influenced by many factors that don't directly affect Opendoor Technologies' 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 Opendoor Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Opendoor Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Opendoor Technologies' 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.