Devon Energy (Brazil) Alpha and Beta Analysis
| D1VN34 Stock | BRL 207.14 13.91 7.20% |
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 0.46 | Alpha (0.16) | Risk 1.84 | Sharpe Ratio (0.08) | Expected Return (0.15) |
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.
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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 | -0.16 | β | 0.46 |
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 Fri, Oct 4, 2024 and Thu, Jan 2, 2025 is 222.62 with a coefficient of variation of 5.63. The daily time series for the period is distributed with a sample standard deviation of 12.35, arithmetic mean of 219.45, and mean deviation of 9.69. The Stock did not receive any noticable media coverage during the period. Price Growth (%) |
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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.
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.
Build Portfolio with Devon Energy
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Additional Information and Resources on Investing in Devon Stock
When determining whether Devon Energy offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Devon Energy's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Devon Energy Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Devon Energy Stock: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. For information on how to trade Devon Stock refer to our How to Trade Devon Stock guide.You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
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.