Denbury Resources Price on May 9, 2023
DENDelisted Stock | USD 86.53 0.68 0.79% |
If you're considering investing in Denbury Stock, it is important to understand the factors that can impact its price. As of today, the current price of Denbury Resources stands at 86.53, as last reported on the 23rd of November, with the highest price reaching 87.25 and the lowest price hitting 85.61 during the day. We have found twenty-four technical indicators for Denbury Resources, which you can use to evaluate the volatility of the firm. Please confirm Denbury Resources' Variance of 2.99, mean deviation of 1.32, and Standard Deviation of 1.73 to check if the risk estimate we provide is consistent with the expected return of 0.0%.
Denbury Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
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Sharpe Ratio = 0.0
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Based on monthly moving average Denbury Resources 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 Denbury Resources by adding Denbury Resources to a well-diversified portfolio.
Denbury Resources Valuation on May 9, 2023
It is possible to determine the worth of Denbury Resources on a given historical date. On May 9, 2023 Denbury was worth 88.59 at the beginning of the trading date compared to the closed value of 90.24. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Denbury Resources stock. Still, in general, we apply an absolute valuation method to find Denbury Resources' 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 Denbury Resources where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Denbury Resources' related companies.
Open | High | Low | Close | Volume | |
90.79 | 90.79 | 88.59 | 89.44 | 464,497 | |
05/09/2023 | 88.59 | 90.91 | 88.22 | 90.24 | 704,147 |
91.02 | 91.67 | 88.94 | 90.12 | 389,584 |
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Denbury Resources Trading Date Momentum on May 9, 2023
On May 10 2023 Denbury Resources was traded for 90.12 at the closing time. Highest Denbury Resources's price during the trading hours was 91.67 and the lowest price during the day was 88.94 . The net volume was 389.6 K. The overall trading history on the 10th of May contributed to the next trading period price depreciation. The overall trading delta to the next next day price was 0.13% . The overall trading delta to current price is 2.79% . |
Denbury Resources Fundamentals Correlations and Trends
By evaluating Denbury Resources' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Denbury Resources' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Denbury financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Denbury Resources Stock history
Denbury Resources 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 Denbury is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Denbury Resources 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 Denbury Resources stock prices may prove useful in developing a viable investing in Denbury Resources
Denbury Inc., an independent energy company, focuses on producing oil from mature oil fields in the Gulf Coast and Rocky Mountain regions. Denbury Inc. was incorporated in 2003 and is headquartered in Plano, Texas. Denbury operates under Oil Gas EP classification in the United States and is traded on New York Stock Exchange. It employs 740 people.
Denbury Resources Stock Technical Analysis
Denbury Resources 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, delisted stock market cycles, or different charting patterns.
Price Boundaries
Denbury Resources Period Price Range
Low | November 23, 2024
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0.00 | 0.00 |
Denbury Resources 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.
Denbury Resources November 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Denbury Resources stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Denbury Resources shares will generate the highest return on investment. By undertsting and applying Denbury Resources stock market strength indicators, traders can identify Denbury Resources entry and exit signals to maximize returns
Denbury Resources Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Denbury Resources' price direction in advance. Along with the technical and fundamental analysis of Denbury Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Denbury 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 | (0.04) | |||
Jensen Alpha | (0.09) | |||
Total Risk Alpha | (0.39) | |||
Treynor Ratio | 0.5864 |
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Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Other Consideration for investing in Denbury Stock
If you are still planning to invest in Denbury Resources check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Denbury Resources' history and understand the potential risks before investing.
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