Open Text Standard Deviation
| OTEX Stock | | | CAD 30.53 0.26 0.86% |
Historical market data for Open Text Corp forms the basis of the Standard Deviation indicator shown here. Market data gaps can influence the computed indicator values. Open Text has a market cap of 7.63 B, operating margin of 23.49%, current ratio of 1.56. Review
Your Equity Center for a broader allocation view. Tracking Open Text Corp in a portfolio helps measure its contribution to overall performance. Portfolio views show how individual holdings contribute to aggregate returns. Broader economic conditions can influence Open Text Corp's company valuation — related indicators include
signals in inflation.
Open Text Corp has current Standard Deviation of 2.59. The Standard Deviation is a measure of how spread out the prices or returns of an asset are on average. It is the most widely used risk indicator in the field of investing and finance. Standard Deviation is commonly used to measure confidence in statistical conclusions regarding certain equity instruments or portfolios of equities.
Standard Deviation | = | SQRT(V) |
| = | 2.59 | |
Standard Deviation Peers Comparison
Standard Deviation Relative To Other Indicators
Open Text Corp is rated
below average in standard deviation compared to key competitors. It is currently under evaluation in maximum drawdown compared to key competitors producing
6.30 in Maximum Drawdown for each unit of Standard Deviation. The spread between Maximum Drawdown and Standard Deviation for Open Text Corp sits at
6.30 Standard deviation is applied to the annual rate of return of an investment to measure the investment's volatility. Standard deviation is also known as historical volatility and is used by investors as a gauge for the amount of expected market volatility. A large standard deviation usually indicates that the data points are far from the mean and a small standard deviation indicates that they are clustered closely around the mean.
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