Cenovus Energy Stock Price on September 28, 2023
| CVE Stock | USD 16.19 0.01 0.06% |
Below is the normalized historical share price chart for Cenovus Energy extending back to November 17, 2009. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Cenovus Energy stands at 16.19, as last reported on the 22nd of November, with the highest price reaching 16.26 and the lowest price hitting 16.06 during the day.
If you're considering investing in Cenovus Stock, it is important to understand the factors that can impact its price. Cenovus Energy secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that the company had a -0.13% return per unit of risk over the last 3 months. Cenovus Energy exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cenovus Energy's Risk Adjusted Performance of (0.08), standard deviation of 1.82, and Mean Deviation of 1.44 to double-check the risk estimate we provide.
At present, Cenovus Energy's Stock Based Compensation To Revenue is projected to increase slightly based on the last few years of reporting. . At present, Cenovus Energy's Price Earnings Ratio is projected to drop slightly based on the last few years of reporting. The current year's Price Book Value Ratio is expected to grow to 1.80, whereas Price Earnings To Growth Ratio is projected to grow to (0.28). Cenovus Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 17th of November 2009 | 200 Day MA 18.6245 | 50 Day MA 16.7304 | Beta 2.623 |
Cenovus |
Sharpe Ratio = -0.1337
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| Negative Returns | CVE |
Estimated Market Risk
| 1.82 actual daily | 16 84% of assets are more volatile |
Expected Return
| -0.24 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.13 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Cenovus Energy 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 Cenovus Energy by adding Cenovus Energy to a well-diversified portfolio.
Price Book 1.4224 | Enterprise Value Ebitda 4.68 | Price Sales 0.5316 | Shares Float 1.3 B | Dividend Share 0.775 |
Cenovus Energy Valuation on September 28, 2023
It is possible to determine the worth of Cenovus Energy on a given historical date. On September 28, 2023 Cenovus was worth 20.3 at the beginning of the trading date compared to the closed value of 20.44. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Cenovus Energy stock. Still, in general, we apply an absolute valuation method to find Cenovus Energy's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Cenovus Energy where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Cenovus Energy's related companies.
| Open | High | Low | Close | Volume | |
| 20.05 | 20.32 | 19.96 | 20.31 | 8,883,641 | |
09/28/2023 | 20.30 | 20.52 | 20.17 | 20.44 | 9,868,469 |
| 20.50 | 20.57 | 20.12 | 20.16 | 12,617,090 |
| Backtest Cenovus Energy | | | Cenovus Energy History | | | Cenovus Energy Valuation | Previous | Next |
Cenovus Energy Trading Date Momentum on September 28, 2023
| On September 29 2023 Cenovus Energy was traded for 20.16 at the closing time. Highest Cenovus Energy's price during the trading hours was 20.57 and the lowest price during the day was 20.12 . The net volume was 12.6 M. The overall trading history on the 29th of September contributed to the next trading period price depreciation. The overall trading delta to the next next day price was 1.37% . The overall trading delta to current price is 5.09% . |
Cenovus Energy Fundamentals Correlations and Trends
By evaluating Cenovus Energy's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Cenovus Energy's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Cenovus financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Cenovus Energy Stock history
Cenovus Energy investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Cenovus is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Cenovus Energy will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Cenovus Energy stock prices may prove useful in developing a viable investing in Cenovus Energy
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 1.9 B | 1.2 B | |
| Net Income Applicable To Common Shares | 7.4 B | 7.7 B |
Cenovus Energy Stock Technical Analysis
Cenovus Energy technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Cenovus Energy Period Price Range
Low | November 22, 2024
| High |
0.00 | 0.00 |
Cenovus Energy cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Cenovus Energy November 22, 2024 Market Strength
Market strength indicators help investors to evaluate how Cenovus Energy stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Cenovus Energy shares will generate the highest return on investment. By undertsting and applying Cenovus Energy stock market strength indicators, traders can identify Cenovus Energy entry and exit signals to maximize returns
Cenovus Energy Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Cenovus Energy's price direction in advance. Along with the technical and fundamental analysis of Cenovus Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Cenovus to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.45) | |||
| Treynor Ratio | (0.48) |
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Complementary Tools for Cenovus Stock analysis
When running Cenovus Energy's price analysis, check to measure Cenovus Energy'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 Cenovus Energy is operating at the current time. Most of Cenovus Energy's value examination focuses on studying past and present price action to predict the probability of Cenovus Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cenovus Energy's price. Additionally, you may evaluate how the addition of Cenovus Energy to your portfolios can decrease your overall portfolio volatility.
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