Open Ebit from 2010 to 2026
| OTEX Stock | CAD 45.61 0.63 1.40% |
EBIT | First Reported 1995-12-31 | Previous Quarter 103.6 M | Current Value 267.8 M | Quarterly Volatility 94.7 M |
Check Open Text financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Open Text's main balance sheet or income statement drivers, such as Interest Expense of 455.7 M, Total Revenue of 6.2 B or Gross Profit of 4.5 B, as well as many indicators such as Price To Sales Ratio of 1.63, Dividend Yield of 0.0334 or PTB Ratio of 3.09. Open financial statements analysis is a perfect complement when working with Open Text Valuation or Volatility modules.
Open | Ebit |
Latest Open Text's Ebit Growth Pattern
Below is the plot of the Ebit of Open Text Corp over the last few years. It is Open Text's EBIT historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Open Text's overall financial position and show how it may be relating to other accounts over time.
| Ebit | 10 Years Trend |
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Ebit |
| Timeline |
Open Ebit Regression Statistics
| Arithmetic Mean | 561,677,859 | |
| Geometric Mean | 404,483,953 | |
| Coefficient Of Variation | 61.75 | |
| Mean Deviation | 276,924,127 | |
| Median | 500,669,028 | |
| Standard Deviation | 346,849,991 | |
| Sample Variance | 120304.9T | |
| Range | 1.3B | |
| R-Value | 0.93 | |
| Mean Square Error | 18476.7T | |
| R-Squared | 0.86 | |
| Slope | 63,549,575 | |
| Total Sum of Squares | 1924878.7T |
Open Ebit History
About Open Text Financial Statements
Open Text investors utilize fundamental indicators, such as Ebit, to predict how Open Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| EBIT | 988.4 M | 1 B | |
| EBITDA | 1.7 B | 1.8 B | |
| Ebt Per Ebit | 0.62 | 0.59 | |
| Ebit Per Revenue | 0.17 | 0.16 |
Pair Trading with Open Text
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Open Text position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Open Text will appreciate offsetting losses from the drop in the long position's value.Moving against Open Stock
| 0.79 | AX-UN | Artis Real Estate | PairCorr |
| 0.74 | FFH-PI | Fairfax Financial | PairCorr |
| 0.74 | KTO | K2 Gold | PairCorr |
| 0.55 | BRK | Berkshire Hathaway CDR | PairCorr |
| 0.55 | VM | Voyageur Pharmaceuticals | PairCorr |
The ability to find closely correlated positions to Open Text could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Open Text when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Open Text - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Open Text Corp to buy it.
The correlation of Open Text is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Open Text moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Open Text Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Open Text can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of Open Text Correlation against competitors. You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.