107815 Shares in Open Text Co. Purchased by ... - MarketBeat
| OTEX Stock | CAD 41.17 0.39 0.96% |
About 51% 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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107815 Shares in Open Text Co. Purchased by ... 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.
Price To Sales
Price To Sales Comparative Analysis
Open Text is currently under evaluation in price to sales category among its peers. Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
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
| MKO | Mako Mining | 1.94 | ||||
| CRM | Salesforce | 1.90 | ||||
| RAMP | Ramp Metals | 1.43 | ||||
| VZ | Verizon Communications | 1.40 | ||||
| HLF | High Liner | 1.25 | ||||
| HME | Hemisphere Energy | 3.59 |
Check out Open Text Hype Analysis, Open Text Correlation and Open Text Performance. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.