Devon Energy (UK) Alpha and Beta Analysis
| 0I8W Stock | 38.34 1.15 2.91% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Devon Energy Corp. It also helps investors analyze the systematic and unsystematic risks associated with investing in Devon Energy over a specified time horizon. Remember, high Devon Energy's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Devon Energy's market risk premium analysis include:
Beta 0.71 | Alpha (0.25) | Risk 1.79 | Sharpe Ratio (0.11) | Expected Return (0.20) |
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Devon |
Devon Energy Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Devon Energy market risk premium is the additional return an investor will receive from holding Devon Energy long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Devon Energy. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Devon Energy's performance over market.| α | -0.25 | β | 0.71 |
Devon Energy expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Devon Energy's Buy-and-hold return. Our buy-and-hold chart shows how Devon Energy performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Devon Energy Market Price Analysis
Market price analysis indicators help investors to evaluate how Devon Energy stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Devon Energy shares will generate the highest return on investment. By understating and applying Devon Energy stock market price indicators, traders can identify Devon Energy position entry and exit signals to maximize returns.
Devon Energy Return and Market Media
The median price of Devon Energy for the period between Wed, Aug 28, 2024 and Tue, Nov 26, 2024 is 40.15 with a coefficient of variation of 4.67. The daily time series for the period is distributed with a sample standard deviation of 1.89, arithmetic mean of 40.5, and mean deviation of 1.54. The Stock received some media coverage during the period. Price Growth (%) |
| Timeline |
1 | Devon Stock Trading At A Discount To Industry Buy Or Hold - Barchart | 09/24/2024 |
2 | Devon Energy Rises Yet Lags Behind Market Some Facts Worth Knowing - Yahoo Finance | 09/30/2024 |
3 | Devon Energy Co. Shares Sold by Ontario Teachers Pension Plan Board - MarketBeat | 11/20/2024 |
About Devon Energy Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Devon or other stocks. Alpha measures the amount that position in Devon Energy Corp has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Devon Energy in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Devon Energy's short interest history, or implied volatility extrapolated from Devon Energy options trading.
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Additional Tools for Devon Stock Analysis
When running Devon Energy's price analysis, check to measure Devon Energy'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 Devon Energy is operating at the current time. Most of Devon Energy's value examination focuses on studying past and present price action to predict the probability of Devon Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Devon Energy's price. Additionally, you may evaluate how the addition of Devon Energy to your portfolios can decrease your overall portfolio volatility.