OppFi Stock Forecast - 20 Period Moving Average

OPFI Stock  USD 2.50  0.01  0.40%   
The 20 Period Moving Average forecasted value of OppFi Inc on the next trading day is expected to be 2.78 with a mean absolute deviation of  0.41  and the sum of the absolute errors of 16.94. OppFi Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast OppFi stock prices and determine the direction of OppFi Inc's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of OppFi's historical fundamentals, such as revenue growth or operating cash flow patterns. Although OppFi's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of OppFi's systematic risk associated with finding meaningful patterns of OppFi fundamentals over time.
Check out Historical Fundamental Analysis of OppFi to cross-verify your projections.
  
The OppFi's current Payables Turnover is estimated to increase to 22.51. The OppFi's current Fixed Asset Turnover is estimated to increase to 28.26. The OppFi's current Net Income Applicable To Common Shares is estimated to increase to about 37.7 M, while Common Stock Shares Outstanding is projected to decrease to under 15.6 M.

Open Interest Against 2024-04-19 OppFi Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast OppFi's 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 OppFi's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for OppFi 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 OppFi's open interest, investors have to compare it to OppFi's 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 OppFi 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 OppFi. 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 OppFi 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 OppFi's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets OppFi's price structures and extracts relationships that further increase the generated results' accuracy.
A commonly used 20-period moving average forecast model for OppFi Inc is based on a synthetically constructed OppFidaily 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.

OppFi 20 Period Moving Average Price Forecast For the 29th of March

Given 90 days horizon, the 20 Period Moving Average forecasted value of OppFi Inc on the next trading day is expected to be 2.78 with a mean absolute deviation of 0.41, mean absolute percentage error of 0.25, and the sum of the absolute errors of 16.94.
Please note that although there have been many attempts to predict OppFi 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 OppFi's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

OppFi Stock Forecast Pattern

Backtest OppFiOppFi Price PredictionBuy or Sell Advice 

OppFi Forecasted Value

In the context of forecasting OppFi's 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. OppFi's downside and upside margins for the forecasting period are 0.03 and 8.51, respectively. We have considered OppFi's 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
2.50
2.78
Expected Value
8.51
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 OppFi stock data series using in forecasting. Note that when a statistical model is used to represent OppFi 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 Criteria79.9781
BiasArithmetic mean of the errors 0.302
MADMean absolute deviation0.4133
MAPEMean absolute percentage error0.1471
SAESum of the absolute errors16.9435
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. OppFi Inc 20-period moving average forecast can only be used reliably to predict one or two periods into the future.

Predictive Modules for OppFi

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as OppFi Inc. 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 OppFi's 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
0.122.428.15
Details
Intrinsic
Valuation
LowRealHigh
0.163.118.84
Details
2 Analysts
Consensus
LowTargetHigh
3.493.834.25
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as OppFi. Your research has to be compared to or analyzed against OppFi's peers to derive any actionable benefits. When done correctly, OppFi's 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 OppFi Inc.

Other Forecasting Options for OppFi

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

OppFi 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 OppFi stock to make a market-neutral strategy. Peer analysis of OppFi could also be used in its relative valuation, which is a method of valuing OppFi by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

OppFi Inc 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 OppFi's 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 OppFi's current price.

OppFi Market Strength Events

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

OppFi Risk Indicators

The analysis of OppFi's 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 OppFi's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting oppfi 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.
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 OppFi 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, OppFi's short interest history, or implied volatility extrapolated from OppFi options trading.

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.

Try AI Portfolio Architect
When determining whether OppFi Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of OppFi's 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 Oppfi Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Oppfi Inc Stock:
Check out Historical Fundamental Analysis of OppFi to cross-verify your projections.
Note that the OppFi Inc information on this page should be used as a complementary analysis to other OppFi's 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 Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.

Complementary Tools for OppFi Stock analysis

When running OppFi's price analysis, check to measure OppFi's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy OppFi is operating at the current time. Most of OppFi's value examination focuses on studying past and present price action to predict the probability of OppFi's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move OppFi's price. Additionally, you may evaluate how the addition of OppFi to your portfolios can decrease your overall portfolio volatility.
Latest Portfolios
Quick portfolio dashboard that showcases your latest portfolios
Positions Ratings
Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
Efficient Frontier
Plot and analyze your portfolio and positions against risk-return landscape of the market.
Competition Analyzer
Analyze and compare many basic indicators for a group of related or unrelated entities
Top Crypto Exchanges
Search and analyze digital assets across top global cryptocurrency exchanges
Is OppFi's 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 OppFi. If investors know OppFi 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 OppFi 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
0.43
Earnings Share
0.353
Revenue Per Share
13.814
Quarterly Revenue Growth
0.423
Return On Assets
0.0668
The market value of OppFi Inc is measured differently than its book value, which is the value of OppFi that is recorded on the company's balance sheet. Investors also form their own opinion of OppFi's value that differs from its market value or its book value, called intrinsic value, which is OppFi'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 OppFi's market value can be influenced by many factors that don't directly affect OppFi'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 OppFi's value and its price as these two are different measures arrived at by different means. Investors typically determine if OppFi is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, OppFi'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.