Devon Competitors
| DVN Stock | USD 44.96 1.48 3.40% |
Devon Energy vs Halliburton Correlation
Poor diversification
The correlation between Devon Energy and HAL is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Devon Energy and HAL in the same portfolio, assuming nothing else is changed.
Moving together with Devon Stock
| 0.87 | FANG | Diamondback Energy | PairCorr |
| 0.86 | CNQ | Canadian Natural Res | PairCorr |
| 0.86 | COP | ConocoPhillips | PairCorr |
| 0.67 | EOG | EOG Resources | PairCorr |
Moving against Devon Stock
| 0.72 | PBCRY | Bank Central Asia | PairCorr |
| 0.47 | DEC | Diversified Energy | PairCorr |
| 0.44 | PCI | Perpetual Credit Income Earnings Call This Week | PairCorr |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Devon Energy'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.
Devon Energy Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Devon Energy and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Devon and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Devon Energy does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Devon Stock performing well and Devon Energy Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Devon Energy's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CTRA | 1.38 | 0.29 | 0.10 | (1.61) | 1.72 | 2.82 | 6.61 | |||
| TPL | 2.36 | 0.36 | 0.15 | 0.41 | 2.18 | 7.24 | 16.39 | |||
| EC | 1.73 | 0.47 | 0.15 | (1.26) | 1.93 | 3.80 | 10.93 | |||
| VG | 3.59 | 0.41 | 0.09 | 0.44 | 4.23 | 6.78 | 18.51 | |||
| TS | 1.17 | 0.24 | 0.12 | 0.64 | 1.25 | 3.44 | 8.44 | |||
| PBA | 0.92 | 0.22 | 0.09 | (49.75) | 1.24 | 1.99 | 6.67 | |||
| EXEEL | 1.78 | 0.15 | 0.01 | (0.32) | 2.10 | 4.93 | 14.95 | |||
| EXE | 1.64 | (0.10) | 0.00 | (1.13) | 0.00 | 3.32 | 11.34 | |||
| EXEEZ | 0.32 | (0.03) | 0.00 | 1.84 | 0.00 | 0.00 | 8.55 | |||
| HAL | 1.57 | 0.31 | 0.13 | 0.72 | 1.71 | 4.05 | 11.25 |
Cross Equities Net Income Analysis
Compare Devon Energy and related stocks such as Coterra Energy, Texas Pacific Land, and Ecopetrol SA ADR Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CTRA | 25.6 M | 122.4 M | 131.7 M | 279.8 M | 104.5 M | (113.9 M) | (417.1 M) | 100.4 M | 557 M | 681.1 M | 200.5 M | 1.2 B | 4.1 B | 1.6 B | 1.1 B | 1.3 B | 1.4 B |
| TPL | 7 M | 20.6 M | 19.6 M | 27.2 M | 34.8 M | 50 M | 37.2 M | 76.4 M | 209.7 M | 320.9 M | 176 M | 270 M | 446.4 M | 405.6 M | 454 M | 522.1 M | 548.2 M |
| EC | 3.3 T | 15.5 T | 14.8 T | 13.1 T | 5 T | (7.2 T) | 2.4 T | 7.2 T | 11.4 T | 13.7 T | 1.6 T | 15.6 T | 31.6 T | 21.1 T | 13.8 T | 15.9 T | 10.6 T |
| VG | (356 M) | (356 M) | (356 M) | (356 M) | (356 M) | (356 M) | (356 M) | (356 M) | (356 M) | (356 M) | (356 M) | (356 M) | 1.9 B | 2.7 B | 1.5 B | 1.8 B | 1.6 B |
| TS | 76.7 M | 1.3 B | 1.7 B | 1.6 B | 1.3 B | (80.2 M) | 55.3 M | 544.7 M | 876.1 M | 742.7 M | (634.4 M) | 1.1 B | 2.6 B | 3.9 B | 2 B | 2.3 B | 1.2 B |
| PBA | 19.3 M | 165.7 M | 224.8 M | 351 M | 383 M | 406 M | 466 M | 891 M | 1.3 B | 1.5 B | (316 M) | 1.2 B | 3 B | 1.8 B | 1.9 B | 2.1 B | 2.3 B |
| EXEEL | (400 K) | 1.7 B | (769 M) | 645 M | 1.4 B | (14.7 B) | (4.4 B) | 939 M | 225 M | (308 M) | (9.7 B) | 6.3 B | 4.9 B | 2.4 B | (714 M) | (642.6 M) | (610.5 M) |
| EXE | (400 K) | 1.7 B | (769 M) | 724 M | 1.9 B | (14.6 B) | (4.4 B) | (505 M) | 226 M | (308 M) | (9.7 B) | 6.3 B | 4.9 B | 2.4 B | (714 M) | (642.6 M) | (610.5 M) |
| EXEEZ | 921.4 M | 1.7 B | (769 M) | 645 M | 1.4 B | (14.7 B) | (4.4 B) | 939 M | 225 M | (308 M) | (9.7 B) | 6.3 B | 4.9 B | 2.4 B | (714 M) | (821.1 M) | (862.2 M) |
| HAL | 28.7 M | 2.8 B | 2.6 B | 2.1 B | 3.5 B | (671 M) | (5.8 B) | (463 M) | 1.7 B | (1.1 B) | (2.9 B) | 1.5 B | 1.6 B | 2.6 B | 2.5 B | 1.3 B | 670.1 M |
Devon Energy and related stocks such as Coterra Energy, Texas Pacific Land, and Ecopetrol SA ADR Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in Devon Energy financial statement analysis. It represents the amount of money remaining after all of Devon Energy operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Devon Energy Competitive Analysis
The better you understand Devon Energy competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Devon Energy's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Devon Energy's competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Devon Energy Competition Performance Charts
Five steps to successful analysis of Devon Energy Competition
Devon Energy's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Devon Energy in relation to its competition. Devon Energy's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Devon Energy in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Devon Energy's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Devon Energy, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Complement your Devon Energy position
In addition to having Devon Energy in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Gold and Gold Mining Thematic Idea Now
Gold and Gold Mining
Large and mid-size companies, ETFs and funds that are either investing, exploring or producing, gold or indirectly involved in trading or making gold products. The Gold and Gold Mining theme has 100 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Gold and Gold Mining Theme or any other thematic opportunities.
| View All Next | Launch |
Check out Devon Energy Correlation with its peers. To learn how to invest in Devon Stock, please use our How to Invest in Devon Energy guide.You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Will Oil & Gas Exploration & Production sector continue expanding? Could Devon diversify its offerings? Factors like these will boost the valuation of Devon Energy. Projected growth potential of Devon fundamentally drives upward valuation adjustments. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every Devon Energy data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
Quarterly Earnings Growth (0.16) | Dividend Share 0.94 | Earnings Share 4.24 | Revenue Per Share | Quarterly Revenue Growth 0.071 |
Understanding Devon Energy requires distinguishing between market price and book value, where the latter reflects Devon's accounting equity. The concept of intrinsic value - what Devon Energy's is actually worth based on fundamentals - guides informed investors toward better entry and exit points. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Market sentiment, economic cycles, and investor behavior can push Devon Energy's price substantially above or below its fundamental value.
It's important to distinguish between Devon Energy's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Devon Energy should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. In contrast, Devon Energy's trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.