Opendoor Technologies Stock Forecast - 20 Period Moving Average

OPEN Stock  USD 3.03  0.08  2.71%   
The 20 Period Moving Average forecasted value of Opendoor Technologies on the next trading day is expected to be 2.92 with a mean absolute deviation of  0.18  and the sum of the absolute errors of 7.37. Opendoor Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Opendoor Technologies stock prices and determine the direction of Opendoor Technologies's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Opendoor Technologies' historical fundamentals, such as revenue growth or operating cash flow patterns. Although Opendoor Technologies' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Opendoor Technologies' systematic risk associated with finding meaningful patterns of Opendoor Technologies fundamentals over time.
Check out Historical Fundamental Analysis of Opendoor Technologies to cross-verify your projections.
To learn how to invest in Opendoor Stock, please use our How to Invest in Opendoor Technologies guide.
  
At this time, Opendoor Technologies' Inventory Turnover is very stable compared to the past year. As of the 29th of March 2024, Payables Turnover is likely to grow to 3,391, while Fixed Asset Turnover is likely to drop 65.34. . As of the 29th of March 2024, Common Stock Shares Outstanding is likely to drop to about 563.7 M. In addition to that, Net Loss is likely to grow to about (1.2 B).

Open Interest Against 2024-04-05 Opendoor Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast Opendoor Technologies' spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Opendoor Technologies' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Opendoor Technologies stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Opendoor Technologies' open interest, investors have to compare it to Opendoor Technologies' spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Opendoor Technologies is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Opendoor. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Opendoor Technologies cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Opendoor Technologies' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Opendoor Technologies' price structures and extracts relationships that further increase the generated results' accuracy.
A commonly used 20-period moving average forecast model for Opendoor Technologies is based on a synthetically constructed Opendoor Technologiesdaily price series in which the value for a trading day is replaced by the mean of that value and the values for 20 of preceding and succeeding time periods. This model is best suited for price series data that changes over time.

Opendoor Technologies 20 Period Moving Average Price Forecast For the 30th of March

Given 90 days horizon, the 20 Period Moving Average forecasted value of Opendoor Technologies on the next trading day is expected to be 2.92 with a mean absolute deviation of 0.18, mean absolute percentage error of 0.05, and the sum of the absolute errors of 7.37.
Please note that although there have been many attempts to predict Opendoor Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Opendoor Technologies' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Opendoor Technologies Stock Forecast Pattern

Backtest Opendoor TechnologiesOpendoor Technologies Price PredictionBuy or Sell Advice 

Opendoor Technologies Forecasted Value

In the context of forecasting Opendoor Technologies' Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Opendoor Technologies' downside and upside margins for the forecasting period are 0.03 and 8.11, respectively. We have considered Opendoor Technologies' daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Market Value
3.03
2.92
Expected Value
8.11
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the 20 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Opendoor Technologies stock data series using in forecasting. Note that when a statistical model is used to represent Opendoor Technologies stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.
AICAkaike Information Criteria80.1674
BiasArithmetic mean of the errors 0.1255
MADMean absolute deviation0.1754
MAPEMean absolute percentage error0.059
SAESum of the absolute errors7.366
The eieght-period moving average method has an advantage over other forecasting models in that it does smooth out peaks and valleys in a set of daily observations. Opendoor Technologies 20-period moving average forecast can only be used reliably to predict one or two periods into the future.

Predictive Modules for Opendoor Technologies

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Opendoor Technologies. 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.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Opendoor Technologies' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
0.153.038.21
Details
Intrinsic
Valuation
LowRealHigh
0.142.727.90
Details
12 Analysts
Consensus
LowTargetHigh
3.073.373.74
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Opendoor Technologies. Your research has to be compared to or analyzed against Opendoor Technologies' peers to derive any actionable benefits. When done correctly, Opendoor Technologies' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Opendoor Technologies.

Other Forecasting Options for Opendoor Technologies

For every potential investor in Opendoor, whether a beginner or expert, Opendoor Technologies' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Opendoor Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Opendoor. Basic forecasting techniques help filter out the noise by identifying Opendoor Technologies' price trends.

Opendoor Technologies Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Opendoor Technologies stock to make a market-neutral strategy. Peer analysis of Opendoor Technologies could also be used in its relative valuation, which is a method of valuing Opendoor Technologies by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Opendoor Technologies Technical and Predictive Analytics

The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Opendoor Technologies' price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Opendoor Technologies' current price.

Opendoor Technologies Market Strength Events

Market strength indicators help investors to evaluate how Opendoor Technologies stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Opendoor Technologies shares will generate the highest return on investment. By undertsting and applying Opendoor Technologies stock market strength indicators, traders can identify Opendoor Technologies entry and exit signals to maximize returns.

Opendoor Technologies Risk Indicators

The analysis of Opendoor Technologies' basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Opendoor Technologies' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting opendoor stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Opendoor Technologies Investors Sentiment

The influence of Opendoor Technologies' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Opendoor. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Opendoor Technologies' public news can be used to forecast risks associated with an investment in Opendoor. The trend in average sentiment can be used to explain how an investor holding Opendoor can time the market purely based on public headlines and social activities around Opendoor Technologies. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Opendoor Technologies' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Opendoor Technologies' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Opendoor Technologies' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Opendoor Technologies.

Opendoor Technologies Implied Volatility

    
  89.12  
Opendoor Technologies' implied volatility exposes the market's sentiment of Opendoor Technologies stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Opendoor Technologies' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Opendoor Technologies stock will not fluctuate a lot when Opendoor Technologies' options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Opendoor Technologies in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Opendoor Technologies' short interest history, or implied volatility extrapolated from Opendoor Technologies options trading.

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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 Historical Fundamental Analysis of Opendoor Technologies to cross-verify your projections.
To learn how to invest in Opendoor Stock, please use our How to Invest in Opendoor Technologies guide.
Note that the Opendoor Technologies information on this page should be used as a complementary analysis to other Opendoor Technologies' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.

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Is Opendoor Technologies' industry 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
(0.42)
Revenue Per Share
10.571
Quarterly Revenue Growth
(0.69)
Return On Assets
(0.04)
Return On Equity
(0.27)
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.