Ovintiv Stock Price on September 12, 2024
| OVV Stock | USD 46.71 0.12 0.26% |
Below is the normalized historical share price chart for Ovintiv extending back to August 21, 2001. 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 Ovintiv stands at 46.71, as last reported on the 25th of November, with the highest price reaching 46.98 and the lowest price hitting 46.14 during the day.
If you're considering investing in Ovintiv Stock, it is important to understand the factors that can impact its price. At this stage we consider Ovintiv Stock to be very steady. Ovintiv maintains Sharpe Ratio (i.e., Efficiency) of 0.0695, which implies the firm had a 0.0695% return per unit of risk over the last 3 months. We have found thirty technical indicators for Ovintiv, which you can use to evaluate the volatility of the company. Please check Ovintiv's Risk Adjusted Performance of 0.0663, semi deviation of 2.04, and Coefficient Of Variation of 1284.9 to confirm if the risk estimate we provide is consistent with the expected return of 0.16%.
Total Stockholder Equity is likely to drop to about 8.3 B in 2024. Common Stock Total Equity is likely to drop to about 2.6 M in 2024. At this time, Ovintiv's Price To Sales Ratio is fairly stable compared to the past year. Price To Operating Cash Flows Ratio is likely to climb to 3.50 in 2024, whereas Price Book Value Ratio is likely to drop 1.08 in 2024. Ovintiv Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 8th of April 2002 | 200 Day MA 46.0745 | 50 Day MA 41.3756 | Beta 2.641 |
Ovintiv |
Sharpe Ratio = 0.0695
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 2.28 actual daily | 20 80% of assets are more volatile |
Expected Return
| 0.16 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average Ovintiv is performing at about 5% of its full potential. 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 Ovintiv by adding it to a well-diversified portfolio.
Price Book 1.1412 | Enterprise Value Ebitda 3.6173 | Price Sales 1.2717 | Shares Float 258.9 M | Dividend Share 1.2 |
Ovintiv Valuation on September 12, 2024
It is possible to determine the worth of Ovintiv on a given historical date. On September 12, 2024 Ovintiv was worth 38.45 at the beginning of the trading date compared to the closed value of 38.47. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Ovintiv stock. Still, in general, we apply an absolute valuation method to find Ovintiv'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 Ovintiv where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Ovintiv's related companies.
| Open | High | Low | Close | Volume | |
| 38.12 | 38.60 | 37.52 | 38.42 | 2,945,988 | |
09/12/2024 | 38.45 | 39.01 | 37.95 | 38.47 | 4,232,453 |
| 38.86 | 39.43 | 38.70 | 38.81 | 1,885,625 |
| Backtest Ovintiv | | | Ovintiv History | | | Ovintiv Valuation | Previous | Next |
Ovintiv Trading Date Momentum on September 12, 2024
| On September 13 2024 Ovintiv was traded for 38.81 at the closing time. Highest Ovintiv's price during the trading hours was 39.43 and the lowest price during the day was 38.70 . The net volume was 1.9 M. The overall trading history on the 13th of September 2024 contributed to the next trading period price increase. The trading delta at closing time to the next next day price was 0.88% . The trading delta at closing time to current price is 5.61% . |
Ovintiv Fundamentals Correlations and Trends
By evaluating Ovintiv'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 Ovintiv's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Ovintiv financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Ovintiv Stock history
Ovintiv 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 Ovintiv is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Ovintiv 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 Ovintiv stock prices may prove useful in developing a viable investing in Ovintiv
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 263.9 M | 202.4 M | |
| Net Income Applicable To Common Shares | 4.2 B | 4.4 B |
Ovintiv Stock Technical Analysis
Ovintiv 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
Ovintiv Period Price Range
Low | November 25, 2024
| High |
0.00 | 0.00 |
Ovintiv 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.
Ovintiv November 25, 2024 Market Strength
Market strength indicators help investors to evaluate how Ovintiv stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Ovintiv shares will generate the highest return on investment. By undertsting and applying Ovintiv stock market strength indicators, traders can identify Ovintiv entry and exit signals to maximize returns
Ovintiv Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Ovintiv's price direction in advance. Along with the technical and fundamental analysis of Ovintiv Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Ovintiv 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 | 0.0663 | |||
| Jensen Alpha | 0.0629 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | 0.0193 | |||
| Treynor Ratio | 0.1943 |
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Additional Tools for Ovintiv Stock Analysis
When running Ovintiv's price analysis, check to measure Ovintiv'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 Ovintiv is operating at the current time. Most of Ovintiv's value examination focuses on studying past and present price action to predict the probability of Ovintiv's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ovintiv's price. Additionally, you may evaluate how the addition of Ovintiv to your portfolios can decrease your overall portfolio volatility.