Devon Energy (Brazil) Price on April 2, 2024
D1VN34 Stock | BRL 223.52 4.84 2.21% |
If you're considering investing in Devon Stock, it is important to understand the factors that can impact its price. As of today, the current price of Devon Energy stands at 223.52, as last reported on the 29th of November, with the highest price reaching 223.60 and the lowest price hitting 222.86 during the day. Devon Energy secures Sharpe Ratio (or Efficiency) of -0.0967, which denotes the company had a -0.0967% return per unit of risk over the last 3 months. Devon Energy exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Devon Energy's Mean Deviation of 1.25, standard deviation of 1.82, and Variance of 3.31 to check the risk estimate we provide.
Devon Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Devon |
Sharpe Ratio = -0.0967
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Estimated Market Risk
1.82 actual daily | 16 84% of assets are more volatile |
Expected Return
-0.18 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.1 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Devon 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 Devon Energy by adding Devon Energy to a well-diversified portfolio.
Devon Energy Valuation on April 2, 2024
It is possible to determine the worth of Devon Energy on a given historical date. On April 2, 2024 Devon was worth 256.51 at the beginning of the trading date compared to the closed value of 257.51. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Devon Energy stock. Still, in general, we apply an absolute valuation method to find Devon 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 Devon Energy where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Devon Energy's related companies.
Open | High | Low | Close | Volume | |
253.55 | 256.51 | 253.55 | 256.51 | 808.00 | |
04/02/2024 | 256.51 | 257.79 | 255.99 | 257.51 | 201.00 |
261.70 | 262.41 | 261.70 | 262.41 | 478.00 |
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Devon Energy Trading Date Momentum on April 2, 2024
On April 03 2024 Devon Energy was traded for 262.41 at the closing time. The highest price during the trading period was 262.41 and the lowest recorded bid was listed for 261.70 . The volume for the day was 478. This history from April 3, 2024 contributed to the next trading day price jump. The overall trading delta to the next closing price was 1.90% . The overall trading delta to the current price is 6.45% . |
Devon Energy Fundamentals Correlations and Trends
By evaluating Devon 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 Devon Energy's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Devon financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Devon Energy Stock history
Devon 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 Devon is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Devon 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 Devon Energy stock prices may prove useful in developing a viable investing in Devon Energy
Devon Energy Corporation, an independent energy company, primarily engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. Devon Energy Corporation was founded in 1971 and is headquartered in Oklahoma City, Oklahoma. DEVON ENERGYDRN operates under Oil Gas EP classification in Brazil and is traded on Sao Paolo Stock Exchange. It employs 1400 people.
Devon Energy Stock Technical Analysis
Devon 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
Devon Energy Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Devon Energy cannot be verified against its exchange. Please verify the symbol is currently traded on Sao Paulo 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.
Devon Energy November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Devon 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 Devon Energy shares will generate the highest return on investment. By undertsting and applying Devon Energy stock market strength indicators, traders can identify Devon Energy entry and exit signals to maximize returns
Devon Energy Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Devon Energy's price direction in advance. Along with the technical and fundamental analysis of Devon Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Devon 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 | (0.06) | |||
Jensen Alpha | (0.15) | |||
Total Risk Alpha | (0.44) | |||
Treynor Ratio | 1.19 |
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Complementary Tools for Devon Stock analysis
When running Devon Energy's price analysis, check to measure Devon 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 Devon Energy is operating at the current time. Most of Devon Energy's value examination focuses on studying past and present price action to predict the probability of Devon 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 Devon Energy's price. Additionally, you may evaluate how the addition of Devon Energy to your portfolios can decrease your overall portfolio volatility.
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