Open Text Corp Stock Market Value
| OTEX Stock | USD 35.45 0.40 1.14% |
| Symbol | Open |
Open Text Corp Price To Book Ratio
Is Open Text's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Open Text. If investors know Open will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Open Text listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.85) | Dividend Share 0.986 | Earnings Share 0.48 | Revenue Per Share 21.019 | Quarterly Revenue Growth 0.71 |
The market value of Open Text Corp is measured differently than its book value, which is the value of Open that is recorded on the company's balance sheet. Investors also form their own opinion of Open Text's value that differs from its market value or its book value, called intrinsic value, which is Open Text's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Open Text's market value can be influenced by many factors that don't directly affect Open Text's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
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.
Open Text 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Open Text's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Open Text.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Open Text on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding Open Text Corp or generate 0.0% return on investment in Open Text over 30 days. Open Text is related to or competes with C3 Ai, Shopify, Snowflake, and ServiceNow. Open Text Corporation engages in the designs, develops, markets, and sells information management software and solutions More
Open Text Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Open Text's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Open Text Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 7.16 | |||
| Value At Risk | (2.98) | |||
| Potential Upside | 2.45 |
Open Text Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Open Text's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Open Text's standard deviation. In reality, there are many statistical measures that can use Open Text historical prices to predict the future Open Text's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.31) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | (0.11) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Open Text's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Open Text Corp Backtested Returns
Open Text Corp maintains Sharpe Ratio (i.e., Efficiency) of -0.15, which implies the firm had a -0.15% return per unit of risk over the last 3 months. Open Text Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Open Text's Risk Adjusted Performance of (0.06), coefficient of variation of (946.11), and Variance of 2.7 to confirm the risk estimate we provide. The company holds a Beta of 1.63, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Open Text will likely underperform. Open Text Corp has an expected return of -0.24%. Please make sure to check Open Text Corp coefficient of variation, maximum drawdown, as well as the relationship between the Maximum Drawdown and rate of daily change , to decide if Open Text Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.89 |
Very good predictability
Open Text Corp has very good predictability. Overlapping area represents the amount of predictability between Open Text time series from 24th of March 2024 to 8th of April 2024 and 8th of April 2024 to 23rd of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Open Text Corp price movement. The serial correlation of 0.89 indicates that approximately 89.0% of current Open Text price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.89 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 0.98 |
Open Text Corp lagged returns against current returns
Autocorrelation, which is Open Text stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Open Text's stock expected returns. We can calculate the autocorrelation of Open Text returns to help us make a trade decision. For example, suppose you find that Open Text has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Open Text regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Open Text stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Open Text stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Open Text stock over time.
Current vs Lagged Prices |
| Timeline |
Open Text Lagged Returns
When evaluating Open Text's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Open Text stock have on its future price. Open Text autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Open Text autocorrelation shows the relationship between Open Text stock current value and its past values and can show if there is a momentum factor associated with investing in Open Text Corp.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out Open Text Correlation, Open Text Volatility and Open Text Alpha and Beta module to complement your research on Open Text. Note that the Open Text Corp information on this page should be used as a complementary analysis to other Open Text's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Complementary Tools for Open Stock analysis
When running Open Text's price analysis, check to measure Open Text's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Open Text is operating at the current time. Most of Open Text's value examination focuses on studying past and present price action to predict the probability of Open Text's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Open Text's price. Additionally, you may evaluate how the addition of Open Text to your portfolios can decrease your overall portfolio volatility.
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