Cenovus Financial Statements From 2010 to 2025
| CVE Stock | CAD 19.45 0.07 0.36% |
Check Cenovus Energy financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Cenovus Energy's main balance sheet or income statement drivers, such as , as well as many indicators such as . Cenovus financial statements analysis is a perfect complement when working with Cenovus Energy Valuation or Volatility modules.
Cenovus |
Cenovus Energy Company Operating Margin Analysis
Cenovus Energy's Operating Margin shows how much operating income a company makes on each dollar of sales. It is one of the profitability indicators which helps analysts to understand whether the firm is successful or not making money from everyday operations.
Current Cenovus Energy Operating Margin | 0.07 % |
Most of Cenovus Energy's fundamental indicators, such as Operating Margin, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Cenovus Energy is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
A good Operating Margin is required for a company to be able to pay for its fixed costs or payout its debt, which implies that the higher the margin, the better. This ratio is most effective in evaluating the earning potential of a company over time when comparing it against a firm's competitors.
| Competition |
Based on the recorded statements, Cenovus Energy has an Operating Margin of 0.0655%. This is 99.08% lower than that of the Oil, Gas & Consumable Fuels sector and 99.12% lower than that of the Energy industry. The operating margin for all Canada stocks is 101.19% lower than that of the firm.
Cenovus Energy Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Cenovus Energy's current stock value. Our valuation model uses many indicators to compare Cenovus Energy value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Cenovus Energy competition to find correlations between indicators driving Cenovus Energy's intrinsic value. More Info.Cenovus Energy is rated fourth in return on equity category among its peers. It is rated fifth in return on asset category among its peers reporting about 0.50 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Cenovus Energy is roughly 1.99 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Cenovus Energy by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Cenovus Energy's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.About Cenovus Energy Financial Statements
Cenovus Energy investors utilize fundamental indicators, such as revenue or net income, to predict how Cenovus Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Cenovus Energy Inc., together with its subsidiaries, develops, produces, and markets crude oil, natural gas liquids, and natural gas in Canada, the United States, and the Asia Pacific region. Cenovus Energy Inc. was founded in 2009 and is headquartered in Calgary, Canada. CENOVUS ENERGY operates under Oil Gas Integrated classification in Canada and is traded on Toronto Stock Exchange. It employs 5938 people.
Pair Trading with Cenovus Energy
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cenovus Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cenovus Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Cenovus Stock
Moving against Cenovus Stock
| 0.78 | ENB-PFU | Enbridge Pref L | PairCorr |
| 0.78 | VCI | Vitreous Glass | PairCorr |
| 0.66 | SBIO | Sabio Holdings | PairCorr |
| 0.64 | ENB-PFV | Enbridge Pref 5 | PairCorr |
| 0.44 | SAGE | Sage Potash Corp | PairCorr |
The ability to find closely correlated positions to Cenovus Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cenovus Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cenovus Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cenovus Energy to buy it.
The correlation of Cenovus Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cenovus Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cenovus Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Cenovus Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of Cenovus Energy Correlation against competitors. To learn how to invest in Cenovus Stock, please use our How to Invest in Cenovus Energy guide.You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.