Open Text Corp. stock falls Wednesday, still outperforms market - MarketWatch
| OTEX Stock | CAD 42.98 0.08 0.19% |
About 55% of Open Text's investor base is interested to short. The analysis of the overall prospects from investing in Open Text Corp suggests that many traders are, at the present time, impartial. Open Text's investing sentiment overview a quick insight into current market opportunities from investing in Open Text Corp. Many technical investors use Open Text Corp stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
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Open Text Corp. stock falls Wednesday, still outperforms market MarketWatch
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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.
Price To Earning
Price To Earning Comparative Analysis
Open Text is currently under evaluation in price to earning category among its peers. Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
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
| CUP-U | Caribbean Utilities | 0.36 | ||||
| STC | Sangoma Technologies | 0.35 | ||||
| BRAG | Bragg Gaming | 1.27 | ||||
| XTRA | Xtract One | 1.49 | ||||
| RW | Renoworks Software | 3.23 |
Check out Open Text Hype Analysis, Open Text Correlation and Open Text Performance. You can also try the CEOs Directory module to screen CEOs from public companies around the world.