Open Text Corp Shares Down 4.17 percent on Jul 9
| OTEX Stock | USD 28.65 0.31 1.07% |
Slightly above 62% of Open Text's investor base is looking to short. The analysis of overall sentiment of trading Open Text Corp stock suggests that many investors are alarmed at this time. Open Text's investing sentiment can be driven by a variety of factors including economic data, Open Text's earnings reports, geopolitical events, and overall market trends.
Shares of Open Text Corp fell 4.17 percent in mid-day trading on Jul 9. The stock reached an intraday low of 28.46, before recovering slightly to 28.93, d
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Open Text Fundamental Analysis
We analyze Open Text's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Open Text using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Open Text based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Current Ratio
Current Ratio Comparative Analysis
Open Text is currently under evaluation in current ratio category among its peers. Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Open Text Corp Potential Pair-trading
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 Open Text stock to make a market-neutral strategy. Peer analysis of Open Text could also be used in its relative valuation, which is a method of valuing Open Text by comparing valuation metrics with similar companies.
Peers
Open Text Related Equities
| DCBO | Docebo | 1.38 | ||||
| DSGX | Descartes Systems | 1.10 | ||||
| SSNC | SSC Technologies | 0.64 | ||||
| MANH | Manhattan Associates | 1.27 | ||||
| PRGS | Progress Software | 2.14 | ||||
| PEGA | Pegasystems | 2.38 |
Additional Tools for Open Stock Analysis
When running Open Text's price analysis, check to measure Open Text'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 Open Text is operating at the current time. Most of Open Text's value examination focuses on studying past and present price action to predict the probability of Open Text's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Open Text's price. Additionally, you may evaluate how the addition of Open Text to your portfolios can decrease your overall portfolio volatility.