Cenovus Energy Standard Deviation
| CVE Stock | | | USD 26.29 -0.16 -0.60% |
The Standard Deviation is a measure of how spread out the prices or returns of an asset are on average. It is the most widely used risk indicator in the field of investing and finance. Standard Deviation is commonly used to measure confidence in statistical conclusions regarding certain equity instruments or portfolios of equities. Below is Cenovus Energy's current Standard Deviation with peer comparisons and related risk metrics.
Current Standard Deviation Value
At 2.22, Cenovus Energy exhibits moderate price variability in Standard Deviation. This places Cenovus Energy within the typical volatility range for Oil, Gas & Consumable Fuels.
Standard Deviation | = | SQRT(V) |
| = | 2.22 | |
Standard Deviation Peers Comparison
The peer group averages 1.91 for Standard Deviation, with Cenovus Energy at 2.22 falling above that level. Readings span 1.02 (Pembina Pipeline Corp) to 3.3 (First Solar). Cenovus Energy has exhibited greater price dispersion than the peer average over the measured period.
Standard Deviation Relative To Other Indicators
The chart below plots Standard Deviation against Maximum Drawdown for Cenovus Energy and its peers. Each point represents one equity — position along the horizontal axis shows Standard Deviation while the vertical axis shows Maximum Drawdown. Equities that cluster in different quadrants carry distinct risk-return profiles. Use the dropdowns to swap in other indicators for either axis.
With Standard Deviation at
2.22 and Maximum Drawdown at
10.04 , Cenovus Energy shows a
4.52 -to-one ratio between these indicators. This indicates Maximum Drawdown is significantly higher than Standard Deviation for Cenovus Energy.
Methodology, Assumptions & Data Sources
Cenovus Energy has a current Standard Deviation reading of 2.22. This Standard Deviation reading for Cenovus Energy results from applying the indicator's calculation rules to price and volume data over the selected window. Price data is sourced from standardized end-of-day feeds across supported exchanges, normalized for corporate actions. Cenovus Energy operates in the energy sector, which may exhibit distinct volatility and momentum characteristics relative to the broader market. Indicator accuracy depends on data continuity across the calculation period. Gaps in trading history may affect the output.
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