Devon Graham Number from 2010 to 2024
| DVN Stock | USD 38.70 0.40 1.04% |
Graham Number | First Reported 2010-12-31 | Previous Quarter 49.90268418 | Current Value 29.42 | Quarterly Volatility 34.54509164 |
Check Devon Energy financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Devon Energy's main balance sheet or income statement drivers, such as Depreciation And Amortization of 1.6 B, Interest Expense of 274.9 M or Total Revenue of 15.9 B, as well as many indicators such as Price To Sales Ratio of 2.9, Dividend Yield of 0.0674 or PTB Ratio of 1.46. Devon financial statements analysis is a perfect complement when working with Devon Energy Valuation or Volatility modules.
Devon | Graham Number |
Latest Devon Energy's Graham Number Growth Pattern
Below is the plot of the Graham Number of Devon Energy over the last few years. It is Devon Energy's Graham Number historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Devon Energy's overall financial position and show how it may be relating to other accounts over time.
| Graham Number | 10 Years Trend |
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Graham Number |
| Timeline |
Devon Graham Number Regression Statistics
| Arithmetic Mean | 44.66 | |
| Geometric Mean | 30.31 | |
| Coefficient Of Variation | 77.34 | |
| Mean Deviation | 25.62 | |
| Median | 36.52 | |
| Standard Deviation | 34.55 | |
| Sample Variance | 1,193 | |
| Range | 116 | |
| R-Value | (0.10) | |
| Mean Square Error | 1,272 | |
| R-Squared | 0.01 | |
| Significance | 0.72 | |
| Slope | (0.77) | |
| Total Sum of Squares | 16,707 |
Devon Graham Number History
About Devon Energy Financial Statements
Devon Energy investors utilize fundamental indicators, such as Graham Number, to predict how Devon Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Graham Number | 49.90 | 29.42 |
Pair Trading with Devon Energy
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Devon Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Devon Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Devon Stock
Moving against Devon Stock
The ability to find closely correlated positions to Devon Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Devon Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Devon Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Devon Energy to buy it.
The correlation of Devon Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Devon Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Devon Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Devon Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of Devon Energy Correlation against competitors. To learn how to invest in Devon Stock, please use our How to Invest in Devon Energy guide.You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Is Oil & Gas Exploration & Production space 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 Devon Energy. If investors know Devon 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 Devon Energy 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 (0.09) | Dividend Share 2 | Earnings Share 5.4 | Revenue Per Share 23.117 | Quarterly Revenue Growth (0.10) |
The market value of Devon Energy is measured differently than its book value, which is the value of Devon that is recorded on the company's balance sheet. Investors also form their own opinion of Devon Energy's value that differs from its market value or its book value, called intrinsic value, which is Devon Energy'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 Devon Energy's market value can be influenced by many factors that don't directly affect Devon Energy'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 Devon Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Devon Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Devon Energy'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.