Cenovus Energy 675 Odds of Future Bond Price Finishing Over 131.5
| 15135UAF6 | 109.58 3.31 3.11% |
Cenovus |
Cenovus Target Price Odds to finish over 131.5
The tendency of Cenovus Bond price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over 131.50 or more in 90 days |
| 109.58 | 90 days | 131.50 | near 1 |
Based on a normal probability distribution, the odds of Cenovus to move over 131.50 or more in 90 days from now is near 1 (This Cenovus Energy 675 probability density function shows the probability of Cenovus Bond to fall within a particular range of prices over 90 days) . Probability of Cenovus Energy 675 price to stay between its current price of 109.58 and 131.50 at the end of the 90-day period is about 52.24 .
Assuming the 90 days trading horizon Cenovus has a beta of 0.14. This usually implies as returns on the market go up, Cenovus average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Cenovus Energy 675 will be expected to be much smaller as well. Additionally Cenovus Energy 675 has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Cenovus Price Density |
| Price |
Predictive Modules for Cenovus
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Cenovus Energy 675. Regardless of method or technology, however, to accurately forecast the bond market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the bond market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Cenovus Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Cenovus is not an exception. The market had few large corrections towards the Cenovus' value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Cenovus Energy 675, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Cenovus within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.04 | |
β | Beta against Dow Jones | 0.14 | |
σ | Overall volatility | 3.73 | |
Ir | Information ratio | -0.02 |
Cenovus Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Cenovus for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Cenovus Energy 675 can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Cenovus Energy 675 generated a negative expected return over the last 90 days | |
| Latest headline from newsweek.com: Britt Allcroft, Thomas and Friends creator, dead at 81 |
Cenovus Technical Analysis
Cenovus' future price can be derived by breaking down and analyzing its technical indicators over time. Cenovus Bond technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Cenovus Energy 675. In general, you should focus on analyzing Cenovus Bond price patterns and their correlations with different microeconomic environments and drivers.
Cenovus Predictive Forecast Models
Cenovus' time-series forecasting models is one of many Cenovus' bond analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Cenovus' historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the bond market movement and maximize returns from investment trading.
Things to note about Cenovus Energy 675
Checking the ongoing alerts about Cenovus for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Cenovus Energy 675 help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Cenovus Energy 675 generated a negative expected return over the last 90 days | |
| Latest headline from newsweek.com: Britt Allcroft, Thomas and Friends creator, dead at 81 |
Other Information on Investing in Cenovus Bond
Cenovus financial ratios help investors to determine whether Cenovus Bond is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Cenovus with respect to the benefits of owning Cenovus security.