Cenovus Energy Stock Price on January 2, 2024
| CVE Stock | CAD 21.78 0.40 1.80% |
Below is the normalized historical share price chart for Cenovus Energy extending back to November 02, 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 21.78, as last reported on the 27th of November, with the highest price reaching 22.25 and the lowest price hitting 21.62 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 -0.12, which signifies that the company had a -0.12% return per unit of risk over the last 3 months. Cenovus Energy exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cenovus Energy's Standard Deviation of 1.81, risk adjusted performance of (0.09), and Mean Deviation of 1.4 to double-check the risk estimate we provide.
At this time, Cenovus Energy's Other Stockholder Equity is very stable compared to the past year. As of the 27th of November 2024, Stock Based Compensation To Revenue is likely to grow to 0, while Total Stockholder Equity is likely to drop about 16.9 B. . At this time, Cenovus Energy's Price Cash Flow Ratio is very stable compared to the past year. As of the 27th of November 2024, Price Sales Ratio is likely to grow to 1.20, though Price Earnings To Growth Ratio is likely to grow to (0.28). Cenovus Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 25.4689 | 50 Day MA 22.9946 | Beta 2.623 |
Cenovus |
Sharpe Ratio = -0.1246
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | CVE |
Estimated Market Risk
| 1.8 actual daily | 16 84% of assets are more volatile |
Expected Return
| -0.22 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.12 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 1.3685 | Enterprise Value Ebitda 4.5291 | Price Sales 0.7147 | Shares Float 1.3 B | Dividend Share 0.775 |
Cenovus Energy Valuation on January 2, 2024
It is possible to determine the worth of Cenovus Energy on a given historical date. On January 2, 2024 Cenovus was worth 21.76 at the beginning of the trading date compared to the closed value of 21.53. 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 | |
| 21.61 | 21.61 | 21.38 | 21.51 | 1,889,300 | |
01/02/2024 | 21.76 | 21.85 | 21.51 | 21.53 | 3,593,600 |
| 21.59 | 22.19 | 21.55 | 22.12 | 4,790,300 |
| Backtest Cenovus Energy | | | Cenovus Energy History | | | Cenovus Energy Valuation | Previous | Next |
Cenovus Energy Trading Date Momentum on January 2, 2024
| On January 03 2024 Cenovus Energy was traded for 22.12 at the closing time. The maximum traded price for the trading interval was 22.19 and the lowest daily price was 21.55 . The daily volume was recorded at 4.8 M. The volume of trading on 3rd of January 2024 played a part in the next trading day price boost. The overall trading delta to the next closing price was 2.74% . The overall trading delta to the closing price today is 2.18% . |
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 27, 2024
| High |
0.00 | 0.00 |
Cenovus Energy cannot be verified against its exchange. Please verify the symbol is currently traded on Toronto 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 27, 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 | (0.09) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.52) | |||
| Treynor Ratio | (1.04) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cenovus Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in Cenovus Stock, please use our How to Invest in Cenovus Energy guide.You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.