Devon Energy Stock Alpha and Beta Analysis
| DVN Stock | USD 39.45 0.75 1.94% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Devon Energy. 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 0.74 | Alpha (0.22) | Risk 1.67 | Sharpe Ratio (0.1) | Expected Return (0.16) |
Devon Energy Quarterly Cash And Equivalents |
|
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 | -0.22 | β | 0.74 |
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 Tue, Aug 27, 2024 and Mon, Nov 25, 2024 is 40.08 with a coefficient of variation of 4.53. The daily time series for the period is distributed with a sample standard deviation of 1.83, arithmetic mean of 40.49, and mean deviation of 1.5. The Stock received a lot of media exposure during the period. Price Growth (%) |
| Timeline |
1 | Disposition of 186289 shares by Clay Gaspar of Devon Energy subject to Rule 16b-3 | 09/12/2024 |
| Devon Energy dividend paid on 30th of September 2024 | 09/30/2024 |
2 | Spotlight on Devon Energy Analyzing the Surge in Options Activity | 10/29/2024 |
3 | Devon Energy Q3 2024 Earnings Call Transcript | 11/06/2024 |
4 | Decoding Devon Energy Corp A Strategic SWOT Insight | 11/07/2024 |
5 | Victory Capital Management Inc. Boosts Stock Position in Devon Energy Co. | 11/12/2024 |
6 | Devon Energys SWOT analysis stock outlook amid operational gains, 2025 concerns | 11/13/2024 |
7 | Plato Investment Management Ltd Acquires 31,405 Shares of Devon Energy Co. | 11/14/2024 |
8 | Devon Energy Co. Shares Sold by Kovack Advisors Inc. | 11/15/2024 |
9 | What Investors Should Note From IEAs Latest Oil Market Report | 11/19/2024 |
10 | Prospera Private Wealth LLC Takes Position in Devon Energy Co. | 11/20/2024 |
11 | 1 Magnificent Oil Stock Down Nearly 30 percent to Buy and Hold Forever | 11/21/2024 |
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 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.
| 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.045 | 0.0844 | 0.0642 | 0.0674 | Price To Sales Ratio | 2.39 | 2.09 | 1.91 | 2.9 |
Devon Energy Upcoming Company Events
As portrayed in its financial statements, the presentation of Devon Energy's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Devon Energy's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Devon Energy's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Devon Energy. Please utilize our Beneish M Score to check the likelihood of Devon Energy's management manipulating its earnings.
| 27th of February 2024 Upcoming Quarterly Report | View | |
| 13th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 27th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Build Portfolio with Devon Energy
Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.Build Diversified Portfolios
Align your risk with return expectations
Check out Devon Energy Backtesting, Devon Energy Valuation, Devon Energy Correlation, Devon Energy Hype Analysis, Devon Energy Volatility, Devon Energy History and analyze Devon Energy Performance. To learn how to invest in Devon Stock, please use our How to Invest in Devon Energy guide.You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
Devon Energy 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.