Open Text Corp Stock Performance
| OTEX Stock | USD 34.75 0.15 0.43% |
The company holds a Beta of 1.66, 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 -0.25%. Please make sure to check Open Text Corp coefficient of variation, value at risk, as well as the relationship between the Value At Risk 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.
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 weak performance in the last few months, the Stock's technical and fundamental indicators remain fairly strong which may send shares a bit higher in May 2024. The current disturbance may also be a sign of long term up-swing for the company investors. ...more
Actual Historical Performance (%)
One Day Return 0.38 | Five Day Return (2.67) | Year To Date Return (14.88) | Ten Year Return 48.37 | All Time Return 1.2 K |
Forward Dividend Yield 0.0288 | Payout Ratio 0.2553 | Last Split Factor 2:1 | Forward Dividend Rate 1 | Dividend Date 2024-03-20 |
1 | Best Tech Stocks for February 2024 | 02/01/2024 |
2 | CenterBook Partners LP Invests 1.64 Million in Open Text Co. | 02/20/2024 |
3 | OpenText receives Buy rating as Jefferies initiates coverage | 02/27/2024 |
4 | Bank of Nova Scotia Trust Co. Grows Stake in Open Text Co. | 02/28/2024 |
5 | Kabouter Management LLC Sells 83,319 Shares of Open Text Co. | 03/05/2024 |
6 | Shareholders in Open Text are in the red if they invested three years ago | 03/07/2024 |
7 | Madhu Ranganathan Sells 7,264 Shares of Open Text Co. Stock - MarketBeat | 03/12/2024 |
| Open Text dividend paid on 20th of March 2024 | 03/20/2024 |
8 | Closing Bell Open Text Corp down on Wednesday - The Globe and Mail | 03/27/2024 |
9 | Insiders At Open Text Sold US30m In Stock, Alluding To Potential Weakness | 04/08/2024 |
10 | Business Process Management Market Size is expected to reach USD 60.49 billion by 2031, growing at a CAGR of 18.5 percent Straits Research | 04/17/2024 |
| Begin Period Cash Flow | 1.7 B | |
| Total Cashflows From Investing Activities | -5.7 B |
Open |
Open Text Relative Risk vs. Return Landscape
If you would invest 4,090 in Open Text Corp on January 19, 2024 and sell it today you would lose (630.00) from holding Open Text Corp or give up 15.4% of portfolio value over 90 days. Open Text Corp is currently does not generate positive expected returns and assumes 1.6372% risk (volatility on return distribution) over the 90 days horizon. In different words, 14% of stocks are less volatile than Open, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. 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 = -0.1539
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | OTEX |
Estimated Market Risk
| 1.64 actual daily | 14 86% of assets are more volatile |
Expected Return
| -0.25 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.15 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 | 0.0313 | ||||
| Return On Asset | 0.0385 | ||||
| Profit Margin | 0.02 % | ||||
| Operating Margin | 0.20 % | ||||
| Current Valuation | 17.13 B | ||||
| Shares Outstanding | 267.64 M | ||||
| Price To Earning | 87.58 X | ||||
| Price To Book | 2.36 X | ||||
| Price To Sales | 1.68 X | ||||
| Revenue | 4.48 B | ||||
| Gross Profit | 3.39 B | ||||
| EBITDA | 1.35 B | ||||
| Net Income | 150.57 M | ||||
| Cash And Equivalents | 1.7 B | ||||
| Cash Per Share | 6.39 X | ||||
| Total Debt | 9.25 B | ||||
| Debt To Equity | 1.11 % | ||||
| Current Ratio | 1.56 X | ||||
| Book Value Per Share | 15.06 X | ||||
| Cash Flow From Operations | 779.21 M | ||||
| Earnings Per Share | 0.48 X | ||||
| Market Capitalization | 9.24 B | ||||
| Total Asset | 17.09 B | ||||
| Retained Earnings | 2.05 B | ||||
| Working Capital | (944.38 M) | ||||
| Current Asset | 146.71 M | ||||
| Current Liabilities | 42.82 M | ||||
About Open Text Performance
To evaluate Open Text Corp Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Open Text generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Open Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Open Text Corp market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Open's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 14.62 | 13.88 | |
| Return On Tangible Assets | 0.03 | 0.06 | |
| Return On Capital Employed | 0.03 | 0.03 | |
| Return On Assets | 0.01 | 0.01 | |
| Return On Equity | 0.03 | 0.04 |
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 | |
| On 20th of March 2024 Open Text paid $ 0.25 per share dividend to its current shareholders | |
| Latest headline from benzinga.com: Business Process Management Market Size is expected to reach USD 60.49 billion by 2031, growing at a CAGR of 18.5 percent Straits Research |
- 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 tightly coupled with the direction of predictive economic indicators such as signals in income. 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 Fundamental Analysis module to view fundamental data based on most recent published financial statements.
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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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.