Open Text Stock Rating Upgraded by StockNews.com - MarketBeat
| OTEX Stock | CAD 38.84 0.58 1.47% |
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 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 Stock Rating Upgraded by StockNews.com 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.
Cash And Equivalents
Cash And Equivalents Comparative Analysis
Open Text is currently under evaluation in cash and equivalents category among its peers. Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.
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
| PRU | Perseus Mining | 5.08 | ||||
| MKO | Mako Mining | 3.87 | ||||
| LIF | Labrador Iron | 0.35 | ||||
| NICU | Magna Mining | 1.36 | ||||
| ASTL | Algoma Steel | 2.19 | ||||
| CSU | Constellation Software | 3.36 | ||||
| CMG | Computer Modelling | 3.64 |
Check out Open Text Hype Analysis, Open Text Correlation and Open Text Performance. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.