Ex-Dividend Reminder Cenovus Energy, Civitas Resources and Williams - Nasdaq
| CVE Stock | CAD 18.47 1.54 7.70% |
About 62% of Cenovus Energy's investor base is looking to short. The analysis of overall sentiment of trading Cenovus Energy stock suggests that many investors are alarmed at this time. Cenovus Energy's investing sentiment overview a quick insight into current market opportunities from investing in Cenovus Energy. Many technical investors use Cenovus Energy stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
Cenovus |
Ex-Dividend Reminder Cenovus Energy, Civitas Resources and Williams Nasdaq
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Cenovus Energy Fundamental Analysis
We analyze Cenovus Energy's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Cenovus Energy using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Cenovus Energy based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Beta
Beta Comparative Analysis
Cenovus Energy is currently under evaluation in beta category among its peers. Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Cenovus Energy Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Cenovus Energy stock to make a market-neutral strategy. Peer analysis of Cenovus Energy could also be used in its relative valuation, which is a method of valuing Cenovus Energy by comparing valuation metrics with similar companies.
Peers
Cenovus Energy Related Equities
| SU | Suncor Energy | 5.11 |
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| CNQ | Canadian Natural | 5.14 |
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| MEG | MEG Energy | 8.48 |
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| BTE | Baytex Energy | 8.54 |
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Check out Cenovus Energy Hype Analysis, Cenovus Energy Correlation and Cenovus Energy Performance. To learn how to invest in Cenovus Stock, please use our How to Invest in Cenovus Energy guide.You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..