Open Short Term Investments vs Cash And Short Term Investments Analysis

OTEX Stock

CAD 40.78 0.40 0.99%

Open Text financial indicator trend analysis is much more than just breaking down Open Text Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Open Text Corp is a good investment. Please check the relationship between Open Text Short Term Investments and its Cash And Short Term Investments accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Open Text Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Short Term Investments vs Cash And Short Term Investments

Short Term Investments vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Open Text Corp Short Term Investments account and Cash And Short Term Investments. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Open Text's Short Term Investments and Cash And Short Term Investments is 0.15. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Open Text Corp, assuming nothing else is changed. The correlation between historical values of Open Text's Short Term Investments and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Investments of Open Text Corp are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Short Term Investments i.e., Open Text's Short Term Investments and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.15

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Short Term Investments

Short Term Investments is an item under the current assets section of Open Text balance sheet. It contains any investments Open Text Corp undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Open Text Corp can easily liquidate in the marketplace.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Open Text Corp balance sheet. This account contains Open Text investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Open Text Corp fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Most indicators from Open Text's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Open Text Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Open Text Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

At this time, Open Text's Selling General Administrative is very stable compared to the past year. As of the 22nd of November 2024, Sales General And Administrative To Revenue is likely to grow to 0.11, while Tax Provision is likely to drop about 145.4 M.

	2021	2022	2023	2024 (projected)
Gross Profit	2.4B	3.2B	4.2B	4.4B
Total Revenue	3.5B	4.5B	5.8B	6.1B

Gross Profit Total Revenue

Open Text fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Short Term Investments	Intangible Assets	Current Deferred Revenue	Good Will
Common Stock Shares Outstanding		0.6	0.49	0.22	0.49	0.75	0.56	0.42	0.74	0.48	0.64	0.56	0.5	0.64	0.66	0.5	0.59	-0.43	0.5	0.35	0.69	0.3	-0.25	0.47	0.5	0.56
Total Assets	0.6		0.98	0.8	0.97	0.89	0.98	0.96	0.86	0.23	0.72	1.0	0.96	0.72	0.97	0.98	0.87	-0.5	0.98	0.92	0.89	0.48	0.2	0.94	0.98	1.0
Short Long Term Debt Total	0.49	0.98		0.85	0.98	0.79	0.97	0.99	0.76	0.11	0.68	0.98	0.96	0.68	0.93	1.0	0.83	-0.48	1.0	0.94	0.85	0.5	0.22	0.96	0.98	0.99
Other Current Liab	0.22	0.8	0.85		0.89	0.49	0.78	0.87	0.44	-0.33	0.44	0.81	0.86	0.44	0.76	0.85	0.8	-0.05	0.86	0.94	0.63	0.36	0.17	0.83	0.86	0.82
Total Current Liabilities	0.49	0.97	0.98	0.89		0.78	0.96	0.98	0.75	0.06	0.64	0.98	0.95	0.64	0.94	0.98	0.87	-0.39	0.99	0.97	0.83	0.52	0.14	0.95	0.99	0.98
Total Stockholder Equity	0.75	0.89	0.79	0.49	0.78		0.87	0.74	1.0	0.5	0.75	0.87	0.78	0.75	0.91	0.79	0.77	-0.58	0.79	0.67	0.88	0.4	0.18	0.73	0.81	0.86
Property Plant And Equipment Net	0.56	0.98	0.97	0.78	0.96	0.87		0.92	0.84	0.22	0.79	0.97	0.92	0.79	0.93	0.96	0.81	-0.54	0.96	0.91	0.93	0.48	0.22	0.88	0.97	0.98
Net Debt	0.42	0.96	0.99	0.87	0.98	0.74	0.92		0.7	0.08	0.55	0.97	0.96	0.55	0.91	0.99	0.83	-0.4	0.99	0.95	0.76	0.47	0.22	0.98	0.98	0.97
Retained Earnings	0.74	0.86	0.76	0.44	0.75	1.0	0.84	0.7		0.52	0.75	0.84	0.74	0.74	0.89	0.76	0.74	-0.6	0.76	0.63	0.86	0.4	0.2	0.7	0.77	0.83
Accounts Payable	0.48	0.23	0.11	-0.33	0.06	0.5	0.22	0.08	0.52		0.23	0.22	0.14	0.22	0.25	0.12	0.06	-0.43	0.11	-0.02	0.24	-0.19	-0.1	0.07	0.15	0.21
Cash	0.64	0.72	0.68	0.44	0.64	0.75	0.79	0.55	0.75	0.23		0.66	0.56	1.0	0.65	0.67	0.48	-0.68	0.66	0.55	0.95	0.44	0.15	0.49	0.65	0.7
Non Current Assets Total	0.56	1.0	0.98	0.81	0.98	0.87	0.97	0.97	0.84	0.22	0.66		0.97	0.66	0.97	0.99	0.87	-0.47	0.99	0.93	0.85	0.47	0.2	0.96	0.99	0.99
Non Currrent Assets Other	0.5	0.96	0.96	0.86	0.95	0.78	0.92	0.96	0.74	0.14	0.56	0.97		0.56	0.95	0.97	0.87	-0.35	0.97	0.95	0.78	0.34	0.27	0.94	0.97	0.97
Cash And Short Term Investments	0.64	0.72	0.68	0.44	0.64	0.75	0.79	0.55	0.74	0.22	1.0	0.66	0.56		0.65	0.66	0.48	-0.68	0.66	0.55	0.95	0.43	0.15	0.49	0.65	0.7
Net Receivables	0.66	0.97	0.93	0.76	0.94	0.91	0.93	0.91	0.89	0.25	0.65	0.97	0.95	0.65		0.94	0.93	-0.42	0.94	0.87	0.85	0.43	0.18	0.92	0.94	0.96
Non Current Liabilities Total	0.5	0.98	1.0	0.85	0.98	0.79	0.96	0.99	0.76	0.12	0.67	0.99	0.97	0.66	0.94		0.84	-0.46	1.0	0.95	0.84	0.46	0.21	0.96	0.99	0.99
Other Current Assets	0.59	0.87	0.83	0.8	0.87	0.77	0.81	0.83	0.74	0.06	0.48	0.87	0.87	0.48	0.93	0.84		-0.11	0.85	0.84	0.71	0.4	0.1	0.85	0.86	0.86
Other Stockholder Equity	-0.43	-0.5	-0.48	-0.05	-0.39	-0.58	-0.54	-0.4	-0.6	-0.43	-0.68	-0.47	-0.35	-0.68	-0.42	-0.46	-0.11		-0.44	-0.24	-0.62	-0.5	-0.15	-0.38	-0.4	-0.47
Total Liab	0.5	0.98	1.0	0.86	0.99	0.79	0.96	0.99	0.76	0.11	0.66	0.99	0.97	0.66	0.94	1.0	0.85	-0.44		0.96	0.84	0.48	0.2	0.96	0.99	0.99
Property Plant And Equipment Gross	0.35	0.92	0.94	0.94	0.97	0.67	0.91	0.95	0.63	-0.02	0.55	0.93	0.95	0.55	0.87	0.95	0.84	-0.24	0.96		0.74	0.34	0.16	0.9	0.97	0.94
Total Current Assets	0.69	0.89	0.85	0.63	0.83	0.88	0.93	0.76	0.86	0.24	0.95	0.85	0.78	0.95	0.85	0.84	0.71	-0.62	0.84	0.74		0.47	0.17	0.71	0.83	0.88
Short Term Debt	0.3	0.48	0.5	0.36	0.52	0.4	0.48	0.47	0.4	-0.19	0.44	0.47	0.34	0.43	0.43	0.46	0.4	-0.5	0.48	0.34	0.47		0.08	0.53	0.4	0.43
Short Term Investments	-0.25	0.2	0.22	0.17	0.14	0.18	0.22	0.22	0.2	-0.1	0.15	0.2	0.27	0.15	0.18	0.21	0.1	-0.15	0.2	0.16	0.17	0.08		0.18	0.15	0.2
Intangible Assets	0.47	0.94	0.96	0.83	0.95	0.73	0.88	0.98	0.7	0.07	0.49	0.96	0.94	0.49	0.92	0.96	0.85	-0.38	0.96	0.9	0.71	0.53	0.18		0.94	0.94
Current Deferred Revenue	0.5	0.98	0.98	0.86	0.99	0.81	0.97	0.98	0.77	0.15	0.65	0.99	0.97	0.65	0.94	0.99	0.86	-0.4	0.99	0.97	0.83	0.4	0.15	0.94		0.99
Good Will	0.56	1.0	0.99	0.82	0.98	0.86	0.98	0.97	0.83	0.21	0.7	0.99	0.97	0.7	0.96	0.99	0.86	-0.47	0.99	0.94	0.88	0.43	0.2	0.94	0.99

Click cells to compare fundamentals

Open Text Account Relationship Matchups

Open Text fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	271.8M	273.5M	271.9M	270.5M	272.6M	239.3M
Total Assets	10.2B	9.6B	10.2B	17.1B	14.2B	14.9B
Short Long Term Debt Total	4.5B	3.9B	4.5B	9.2B	6.7B	7.0B
Other Current Liab	376.5M	17.4M	51.1M	922.8M	1.0B	1.1B
Total Current Liabilities	1.9B	1.4B	1.5B	3.2B	2.8B	2.9B
Total Stockholder Equity	4.0B	4.1B	4.0B	4.0B	4.2B	4.4B
Property Plant And Equipment Net	452.4M	468.1M	442.8M	642.6M	587.5M	616.9M
Net Debt	2.8B	2.3B	2.8B	8.0B	5.4B	5.7B
Retained Earnings	2.2B	2.2B	2.2B	2.0B	2.1B	2.2B
Accounts Payable	41.5M	423.6M	448.6M	162.7M	151.2M	128.4M
Cash	1.7B	1.6B	1.7B	1.2B	1.3B	1.3B
Non Current Assets Total	7.8B	7.4B	7.9B	14.8B	11.9B	12.5B
Non Currrent Assets Other	123.5M	141.7M	147.5M	313.3M	268.9M	282.3M
Cash And Short Term Investments	1.7B	1.6B	1.7B	1.2B	1.3B	1.3B
Net Receivables	557.1M	496.2M	471.1M	821.9M	753.8M	791.4M
Liabilities And Stockholders Equity	10.2B	9.6B	10.2B	17.1B	14.2B	14.9B
Non Current Liabilities Total	4.3B	4.1B	4.7B	9.8B	7.2B	7.6B
Other Current Assets	136.4M	72.9M	87.2M	175.9M	192.1M	201.7M
Other Stockholder Equity	(4.0B)	(4.1B)	(4.2B)	(4.2B)	(123.3M)	(129.4M)
Total Liab	6.2B	5.5B	6.1B	13.1B	10.0B	10.5B
Property Plant And Equipment Gross	452.4M	468.1M	442.8M	1.3B	1.3B	1.4B
Total Current Assets	2.4B	2.2B	2.3B	2.3B	2.3B	2.4B
Accumulated Other Comprehensive Income	17.8M	66.2M	(7.7M)	(53.6M)	(69.6M)	(66.1M)
Short Term Debt	674.1M	68.3M	66.4M	412.3M	112.3M	83.2M
Short Term Investments	7.5M	3.0M	6.3M	2.6M	4.1M	4.3M
Intangible Assets	1.6B	1.2B	1.1B	4.1B	2.5B	2.6B
Current Deferred Revenue	812.2M	852.6M	902.2M	1.7B	1.5B	1.6B
Good Will	4.7B	4.7B	5.2B	8.7B	7.5B	7.9B
Common Stock	1.9B	1.9B	2.0B	2.2B	2.3B	1.5B
Other Liab	522.4M	344.7M	270.2M	1.0B	1.2B	1.2B
Net Tangible Assets	(2.3B)	(1.8B)	(2.4B)	(8.7B)	(7.9B)	(7.5B)
Other Assets	1.0B	938.4M	957.7M	1.4B	1.6B	978.7M
Long Term Debt	3.6B	3.6B	4.2B	8.6B	6.4B	3.9B
Deferred Long Term Liab	35.6M	43.0M	50.3M	55.5M	49.9M	43.5M
Long Term Investments	76.0M	121.8M	173.2M	187.8M	164.7M	91.7M
Property Plant Equipment	387.0M	401.9M	370.6M	642.6M	739.0M	776.0M
Long Term Debt Total	3.6B	3.6B	4.2B	8.6B	9.9B	10.3B

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.

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.

Pair Correlation Correlation Matching

When determining whether Open Text Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Open Text's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Open Text Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Open Text Corp Stock:

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Open Text Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

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Please note, there is a significant difference between Open Text's value and its price as these two are different measures arrived at by different means. Investors typically determine if Open Text is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Open Text's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Open Short Term Investments vs Cash And Short Term Investments Analysis

Short Term Investments vs Cash And Short Term Investments

Short Term Investments vs Cash And Short Term Investments Correlation Analysis

Correlation Coefficient

Short Term Investments

Cash And Short Term Investments

Open Text fundamental ratios Correlations

Open Text Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Open Text fundamental ratios Accounts

Pair Trading with Open Text

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Good Will	+ 1.0	Total Assets
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Short Long Term Debt Total
Retained Earnings	+ 1.0	Total Stockholder Equity
Cash And Short Term Investments	+ 1.0	Cash

Other Stockholder Equity	- 0.68	Cash And Short Term Investments
Other Stockholder Equity	- 0.68	Cash
Total Current Assets	- 0.62	Other Stockholder Equity
Other Stockholder Equity	- 0.6	Retained Earnings
Other Stockholder Equity	- 0.58	Total Stockholder Equity
Other Stockholder Equity	- 0.54	Property Plant And Equipment Net