Open Text Corp Stock Performance
| OTEX Stock | CAD 41.17 0.39 0.96% |
The company holds a Beta of 0.59, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Open Text's returns are expected to increase less than the market. However, during the bear market, the loss of holding Open Text is expected to be smaller as well. At this point, Open Text Corp has a negative expected return of -0.0719%. Please make sure to check Open Text's total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if Open Text Corp performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Over the last 90 days Open Text Corp has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of very healthy basic indicators, Open Text is not utilizing all of its potentials. The current stock price disarray, may contribute to short-term losses for the investors. ...more
Forward Dividend Yield 0.0355 | Payout Ratio 0.2476 | Last Split Factor 2:1 | Forward Dividend Rate 1.46 | Dividend Date 2024-12-20 |
1 | Bank of Montreal Can Lowers Stock Position in Open Text Co. - MarketBeat | 09/24/2024 |
2 | OTEX 3 Mid-Cap Tech Stocks Wall Street Expects to Gear - StockNews.com | 11/14/2024 |
3 | Ontario Teachers Pension Plan Board Grows Stock Holdings in Open Text Co. - MarketBeat | 11/21/2024 |
| Begin Period Cash Flow | 1.2 B |
Open |
Open Text Relative Risk vs. Return Landscape
If you would invest 4,360 in Open Text Corp on August 27, 2024 and sell it today you would lose (243.00) from holding Open Text Corp or give up 5.57% of portfolio value over 90 days. Open Text Corp is generating negative expected returns and assumes 1.9264% volatility on return distribution over the 90 days horizon. Simply put, 17% of stocks are less volatile than Open, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Open Text Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Open Text's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Open Text Corp, and traders can use it to determine the average amount a Open Text's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0373
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| Negative Returns | OTEX |
Estimated Market Risk
| 1.93 actual daily | 17 83% of assets are more volatile |
Expected Return
| -0.07 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.04 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Open Text is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Open Text by adding Open Text to a well-diversified portfolio.
Open Text Fundamentals Growth
Open Stock prices reflect investors' perceptions of the future prospects and financial health of Open Text, and Open Text fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Open Stock performance.
| Return On Equity | 0.12 | ||||
| Return On Asset | 0.0427 | ||||
| Profit Margin | 0.08 % | ||||
| Operating Margin | 0.20 % | ||||
| Current Valuation | 18.88 B | ||||
| Shares Outstanding | 265.88 M | ||||
| Price To Earning | 97.96 X | ||||
| Price To Book | 1.89 X | ||||
| Price To Sales | 1.95 X | ||||
| Revenue | 5.77 B | ||||
| Gross Profit | 3.39 B | ||||
| EBITDA | 1.86 B | ||||
| Net Income | 465.28 M | ||||
| Cash And Equivalents | 1.23 B | ||||
| Cash Per Share | 6.39 X | ||||
| Total Debt | 6.69 B | ||||
| Debt To Equity | 1.11 % | ||||
| Current Ratio | 1.56 X | ||||
| Book Value Per Share | 15.80 X | ||||
| Cash Flow From Operations | 967.69 M | ||||
| Earnings Per Share | 2.42 X | ||||
| Market Capitalization | 10.95 B | ||||
| Total Asset | 14.21 B | ||||
| Retained Earnings | 2.12 B | ||||
| Working Capital | (523.17 M) | ||||
| Current Asset | 1.18 B | ||||
| Current Liabilities | 779.55 M | ||||
About Open Text Performance
By examining Open Text's fundamental ratios, stakeholders can obtain critical insights into Open Text's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Open Text is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 14.13 | 9.88 | |
| Return On Tangible Assets | 0.11 | 0.06 | |
| Return On Capital Employed | 0.08 | 0.08 | |
| Return On Assets | 0.03 | 0.02 | |
| Return On Equity | 0.11 | 0.12 |
Things to note about Open Text Corp performance evaluation
Checking the ongoing alerts about Open Text for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Open Text Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Open Text Corp generated a negative expected return over the last 90 days | |
| Over 78.0% of the company shares are owned by institutional investors | |
| Latest headline from news.google.com: Ontario Teachers Pension Plan Board Grows Stock Holdings in Open Text Co. - MarketBeat |
- Analyzing Open Text's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Open Text's stock is overvalued or undervalued compared to its peers.
- Examining Open Text's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Open Text's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Open Text's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Open Text's stock. These opinions can provide insight into Open Text's potential for growth and whether the stock is currently undervalued or overvalued.
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. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.