Cenovus Energy Stock Probability of Future Stock Price Finishing Under 14.43
| CVE Stock | USD 16.19 0.01 0.06% |
Cenovus |
Cenovus Energy Target Price Odds to finish below 14.43
The tendency of Cenovus Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to $ 14.43 or more in 90 days |
| 16.19 | 90 days | 14.43 | near 1 |
Based on a normal probability distribution, the odds of Cenovus Energy to drop to $ 14.43 or more in 90 days from now is near 1 (This Cenovus Energy probability density function shows the probability of Cenovus Stock to fall within a particular range of prices over 90 days) . Probability of Cenovus Energy price to stay between $ 14.43 and its current price of $16.19 at the end of the 90-day period is about 19.3 .
Considering the 90-day investment horizon Cenovus Energy has a beta of 0.44 suggesting as returns on the market go up, Cenovus Energy average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Cenovus Energy will be expected to be much smaller as well. Additionally Cenovus Energy has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Cenovus Energy Price Density |
| Price |
Predictive Modules for Cenovus Energy
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Cenovus Energy. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cenovus 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.
Cenovus Energy Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Cenovus Energy is not an exception. The market had few large corrections towards the Cenovus Energy's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Cenovus Energy, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Cenovus Energy within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.25 | |
β | Beta against Dow Jones | 0.44 | |
σ | Overall volatility | 0.91 | |
Ir | Information ratio | -0.17 |
Cenovus Energy Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Cenovus Energy for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Cenovus Energy can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Cenovus Energy generated a negative expected return over the last 90 days | |
| About 32.0% of the company shares are held by company insiders | |
| On 27th of September 2024 Cenovus Energy paid $ 0.13 per share dividend to its current shareholders | |
| Latest headline from finance.yahoo.com: Canadian Association of Petroleum Producers Announces Leadership Appointments to Board of Directors |
Cenovus Energy Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Cenovus Stock often depends not only on the future outlook of the current and potential Cenovus Energy's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Cenovus Energy's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 1.9 B | |
| Cash And Short Term Investments | 2.2 B |
Cenovus Energy Technical Analysis
Cenovus Energy's future price can be derived by breaking down and analyzing its technical indicators over time. Cenovus Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Cenovus Energy. In general, you should focus on analyzing Cenovus Stock price patterns and their correlations with different microeconomic environments and drivers.
Cenovus Energy Predictive Forecast Models
Cenovus Energy's time-series forecasting models is one of many Cenovus Energy's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Cenovus Energy's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Cenovus Energy
Checking the ongoing alerts about Cenovus Energy for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Cenovus Energy help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Cenovus Energy generated a negative expected return over the last 90 days | |
| About 32.0% of the company shares are held by company insiders | |
| On 27th of September 2024 Cenovus Energy paid $ 0.13 per share dividend to its current shareholders | |
| Latest headline from finance.yahoo.com: Canadian Association of Petroleum Producers Announces Leadership Appointments to Board of Directors |
Check out Cenovus Energy Backtesting, Cenovus Energy Valuation, Cenovus Energy Correlation, Cenovus Energy Hype Analysis, Cenovus Energy Volatility, Cenovus Energy History as well as Cenovus Energy Performance. For information on how to trade Cenovus Stock refer to our How to Trade Cenovus Stock guide.You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Is Oil, Gas & Consumable Fuels 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 Cenovus Energy. If investors know Cenovus 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 Cenovus 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 (0.57) | Dividend Share 0.775 | Earnings Share 1.42 | Revenue Per Share 29.87 | Quarterly Revenue Growth (0.02) |
The market value of Cenovus Energy is measured differently than its book value, which is the value of Cenovus that is recorded on the company's balance sheet. Investors also form their own opinion of Cenovus Energy's value that differs from its market value or its book value, called intrinsic value, which is Cenovus 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 Cenovus Energy's market value can be influenced by many factors that don't directly affect Cenovus 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 Cenovus Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cenovus Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cenovus 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.