Ontario Teachers Pension Plan Board Grows Stock Holdings in Open Text Co. - MarketBeat
| OTEX Stock | CAD 42.98 0.08 0.19% |
About 55% of Open Text's investor base is interested to short. The analysis of current outlook of investing in Open Text Corp suggests that many traders are impartial regarding Open Text's prospects. 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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Ontario Teachers Pension Plan Board Grows Stock Holdings 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.
Total Debt
Total Debt Comparative Analysis
Open Text is currently under evaluation in total debt category among its peers. Total Debt refers to the amount of long term interest-bearing liabilities that a company carries on its balance sheet. That may include bonds sold to the public, notes written to banks or capital leases. Typically, debt can help a company magnify its earnings, but the burden of interest and principal payments will eventually prevent the firm from borrow excessively.
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 Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.