ProShare Advisors LLC Has 1.05 Million Stock Position in Ovintiv ... - MarketBeat
| OVV Stock | CAD 62.14 1.67 2.62% |
About 61% of Ovintiv's investor base is looking to short. The current sentiment of investing in Ovintiv suggests that many traders are alarmed. Ovintiv's investing sentiment overview a quick insight into current market opportunities from investing in Ovintiv. Many technical investors use Ovintiv stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
Ovintiv |
ProShare Advisors LLC Has 1.05 Million Stock Position in Ovintiv ... MarketBeat
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Ovintiv Fundamental Analysis
We analyze Ovintiv's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Ovintiv using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Ovintiv based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Price To Earning
Price To Earning Comparative Analysis
Ovintiv is currently under evaluation in price to earning category among its peers. Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Ovintiv Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Ovintiv stock to make a market-neutral strategy. Peer analysis of Ovintiv could also be used in its relative valuation, which is a method of valuing Ovintiv by comparing valuation metrics with similar companies.
Peers
Ovintiv Related Equities
| CVE | Cenovus Energy | 0.32 |
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| MEG | MEG Energy | 0.63 |
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| VET | Vermilion Energy | 0.90 |
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| TOU | Tourmaline Oil | 1.27 |
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Check out Ovintiv Hype Analysis, Ovintiv Correlation and Ovintiv Performance. To learn how to invest in Ovintiv Stock, please use our How to Invest in Ovintiv guide.You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.