Ovintiv Financial Statements From 2010 to 2025
| OVV Stock | CAD 58.26 0.44 0.75% |
Check Ovintiv financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Ovintiv's main balance sheet or income statement drivers, such as , as well as many indicators such as . Ovintiv financial statements analysis is a perfect complement when working with Ovintiv Valuation or Volatility modules.
Ovintiv |
Ovintiv Company Return On Equity Analysis
Ovintiv's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current Ovintiv Return On Equity | 0.11 |
Most of Ovintiv's fundamental indicators, such as Return On Equity, 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, Ovintiv is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
| Competition |
Based on the latest financial disclosure, Ovintiv has a Return On Equity of 0.1087. This is 105.49% lower than that of the Oil, Gas & Consumable Fuels sector and 93.89% lower than that of the Energy industry. The return on equity for all Canada stocks is 135.06% lower than that of the firm.
Ovintiv Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Ovintiv's current stock value. Our valuation model uses many indicators to compare Ovintiv value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Ovintiv competition to find correlations between indicators driving Ovintiv's intrinsic value. More Info.Ovintiv is regarded second in return on equity category among its peers. It also is regarded second in return on asset category among its peers reporting about 0.60 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Ovintiv is roughly 1.66 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Ovintiv by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Ovintiv'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 Ovintiv Financial Statements
Ovintiv investors utilize fundamental indicators, such as revenue or net income, to predict how Ovintiv 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.
Ovintiv Inc., together with its subsidiaries, engages in the exploration, development, production, and marketing of natural gas, oil, and natural gas liquids. Ovintiv Inc. was incorporated in 2020 and is based in Denver, Colorado. OVINTIV INC operates under Oil Gas EP classification in Canada and is traded on Toronto Stock Exchange. It employs 1713 people.
Pair Trading with Ovintiv
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 Ovintiv 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 Ovintiv will appreciate offsetting losses from the drop in the long position's value.Moving together with Ovintiv Stock
Moving against Ovintiv Stock
| 0.59 | ENB-PFV | Enbridge Pref 5 | PairCorr |
| 0.33 | ENB-PFU | Enbridge Pref L | PairCorr |
| 0.33 | CNT | Century Global Commo | PairCorr |
| 0.31 | FFH-PG | Fairfax Fin Hld | PairCorr |
The ability to find closely correlated positions to Ovintiv could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ovintiv 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 Ovintiv - 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 Ovintiv to buy it.
The correlation of Ovintiv 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 Ovintiv moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ovintiv 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 Ovintiv 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 Ovintiv Correlation against competitors. To learn how to invest in Ovintiv Stock, please use our How to Invest in Ovintiv guide.You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.