Mackenzie Financial Corp Cuts Stock Position in Open Text Co. - MarketBeat
| OTEX Stock | CAD 48.54 0.13 0.27% |
About 62% of Open Text's investor base is looking to short. The analysis of the overall prospects from investing in Open Text Corp suggests that many traders are, at the present time, alarmed. Open Text's investor sentiment overview provides quick insight into current market opportunities from investing in Open Text Corp. The current market sentiment, together with Open Text's historical and current headlines, can help investors time the market. In addition, many technical investors use Open Text Corp stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
Open Text stock news, alerts, and headlines are usually related to its technical, predictive, social, and fundamental indicators. It can reflect on the current distribution of Open daily returns and investor perception about the current price of Open Text Corp as well as its diversification or hedging effects on your existing portfolios.
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Mackenzie Financial Corp Cuts Stock Position in Open Text Co. MarketBeat
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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.
Beta
Beta Comparative Analysis
Open Text is currently under evaluation in beta category among related companies. Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
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
| AMZN | Amazon CDR | 2.93 | ||||
| AAPL | Apple | 2.39 | ||||
| DIS | Disney | 1.77 | ||||
| GOOG | Alphabet | 1.65 | ||||
| MSFT | Microsoft Corp | 0.86 | ||||
| BRK | Berkshire Hathaway | 0.39 | ||||
| META | Meta Platforms | 0.24 | ||||
| VISA | Visa | 0.08 | ||||
| TSLA | Tesla | 0.30 | ||||
| JPM | JPMorgan Chase | 0.35 |
Check out Open Text Hype Analysis, Open Text Correlation and Open Text Performance. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Complementary 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.
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