Cenovus Energy Stock Price Prediction
| CVE Stock | CAD 22.62 0.02 0.09% |
Oversold Vs Overbought
40
Oversold | Overbought |
Quarterly Earnings Growth (0.57) | EPS Estimate Next Quarter 0.45 | EPS Estimate Current Year 2.0553 | EPS Estimate Next Year 2.2598 | Wall Street Target Price 31.5294 |
Using Cenovus Energy hype-based prediction, you can estimate the value of Cenovus Energy from the perspective of Cenovus Energy response to recently generated media hype and the effects of current headlines on its competitors.
The fear of missing out, i.e., FOMO, can cause potential investors in Cenovus Energy to buy its stock at a price that has no basis in reality. In that case, they are not buying Cenovus because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. On the other hand, investors will often sell stocks at prices well below their value during bear markets because they need to stop feeling the pain of losing money.
Cenovus Energy after-hype prediction price | CAD 22.64 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Cenovus |
Cenovus Energy After-Hype Price Prediction Density Analysis
As far as predicting the price of Cenovus Energy at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Cenovus Energy or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Cenovus Energy, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Cenovus Energy Estimiated After-Hype Price Volatility
In the context of predicting Cenovus Energy's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Cenovus Energy's historical news coverage. Cenovus Energy's after-hype downside and upside margins for the prediction period are 20.82 and 24.46, respectively. We have considered Cenovus Energy's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Cenovus Energy is very steady at this time. Analysis and calculation of next after-hype price of Cenovus Energy is based on 3 months time horizon.
Cenovus Energy Stock Price Prediction Analysis
Have you ever been surprised when a price of a Company such as Cenovus Energy is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Cenovus Energy backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Cenovus Energy, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.19 | 1.82 | 0.02 | 0.02 | 3 Events / Month | 1 Events / Month | In about 3 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
22.62 | 22.64 | 0.09 |
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Cenovus Energy Hype Timeline
Cenovus Energy is currently traded for 22.62on Toronto Exchange of Canada. The entity has historical hype elasticity of 0.02, and average elasticity to hype of competition of 0.02. Cenovus is forecasted to increase in value after the next headline, with the price projected to jump to 22.64 or above. The average volatility of media hype impact on the company the price is over 100%. The price boost on the next news is estimated to be 0.09%, whereas the daily expected return is currently at -0.19%. The volatility of related hype on Cenovus Energy is about 1516.67%, with the expected price after the next announcement by competition of 22.64. The company reported the revenue of 52.2 B. Net Income was 4.11 B with profit before overhead, payroll, taxes, and interest of 16 B. Assuming the 90 days trading horizon the next forecasted press release will be in about 3 days. Check out Cenovus Energy Basic Forecasting Models to cross-verify your projections.Cenovus Energy Related Hype Analysis
Having access to credible news sources related to Cenovus Energy's direct competition is more important than ever and may enhance your ability to predict Cenovus Energy's future price movements. Getting to know how Cenovus Energy's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Cenovus Energy may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| CNQ | Canadian Natural Resources | 0.61 | 4 per month | 1.86 | (0.05) | 2.49 | (3.28) | 10.20 | |
| SU | Suncor Energy | (0.30) | 4 per month | 1.67 | (0.01) | 2.68 | (2.56) | 9.11 | |
| MEG | MEG Energy Corp | (0.06) | 2 per month | 2.29 | (0.05) | 3.78 | (3.61) | 9.64 | |
| BTE | Baytex Energy Corp | 0.23 | 2 per month | 0.00 | (0.11) | 4.22 | (4.00) | 10.76 |
Cenovus Energy Additional Predictive Modules
Most predictive techniques to examine Cenovus price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Cenovus using various technical indicators. When you analyze Cenovus charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
About Cenovus Energy Predictive Indicators
The successful prediction of Cenovus Energy stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Cenovus Energy, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Cenovus Energy based on analysis of Cenovus Energy hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to Cenovus Energy's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Cenovus Energy's related companies. | 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.006715 | 0.0181 | 0.0245 | 0.0232 | Price To Sales Ratio | 0.64 | 0.71 | 0.8 | 1.2 |
Story Coverage note for Cenovus Energy
The number of cover stories for Cenovus Energy depends on current market conditions and Cenovus Energy's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Cenovus Energy is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Cenovus Energy's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Cenovus Energy Short Properties
Cenovus Energy's future price predictability will typically decrease when Cenovus Energy's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Cenovus Energy often depends not only on the future outlook of the potential Cenovus Energy's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Cenovus Energy's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 1.9 B | |
| Cash And Short Term Investments | 2.2 B |
Check out Cenovus Energy Basic Forecasting Models to cross-verify your projections. To learn how to invest in Cenovus Stock, please use our How to Invest in Cenovus Energy guide.You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.