Devon Energy's market value is the price at which a share of Devon Energy trades on a public exchange. It measures the collective expectations of Devon Energy investors about its performance. Devon Energy is trading at 746.49 as of the 27th of March 2025; that is 0.0013% down since the beginning of the trading day. The stock's open price was 746.5. With this module, you can estimate the performance of a buy and hold strategy of Devon Energy and determine expected loss or profit from investing in Devon Energy over a given investment horizon. Check out Devon Energy Correlation, Devon Energy Volatility and Devon Energy Alpha and Beta module to complement your research on Devon Energy.
Please note, there is a significant difference between Devon Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Devon Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Devon Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Devon Energy 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Devon Energy's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Devon Energy.
0.00
12/27/2024
No Change 0.00
0.0
In 3 months and 1 day
03/27/2025
0.00
If you would invest 0.00 in Devon Energy on December 27, 2024 and sell it all today you would earn a total of 0.00 from holding Devon Energy or generate 0.0% return on investment in Devon Energy over 90 days. Devon Energy is related to or competes with Prudential Financial, Grupo Sports, Verizon Communications, McEwen Mining, Bank of Nova Scotia, Taiwan Semiconductor, and Costco Wholesale. Devon Energy Corporation, an independent energy company, primarily engages in the exploration, development, and producti... More
Devon Energy Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Devon Energy's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Devon Energy upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Devon Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Devon Energy's standard deviation. In reality, there are many statistical measures that can use Devon Energy historical prices to predict the future Devon Energy's volatility.
Devon Energy appears to be very steady, given 3 months investment horizon. Devon Energy secures Sharpe Ratio (or Efficiency) of 0.11, which denotes the company had a 0.11 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Devon Energy, which you can use to evaluate the volatility of the firm. Please utilize Devon Energy's Coefficient Of Variation of 859.66, mean deviation of 1.51, and Downside Deviation of 3.1 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Devon Energy holds a performance score of 8. The firm shows a Beta (market volatility) of -0.58, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Devon Energy are expected to decrease at a much lower rate. During the bear market, Devon Energy is likely to outperform the market. Please check Devon Energy's maximum drawdown, skewness, price action indicator, as well as the relationship between the downside variance and rate of daily change , to make a quick decision on whether Devon Energy's price patterns will revert.
Auto-correlation
0.09
Virtually no predictability
Devon Energy has virtually no predictability. Overlapping area represents the amount of predictability between Devon Energy time series from 27th of December 2024 to 10th of February 2025 and 10th of February 2025 to 27th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Devon Energy price movement. The serial correlation of 0.09 indicates that less than 9.0% of current Devon Energy price fluctuation can be explain by its past prices.
Correlation Coefficient
0.09
Spearman Rank Test
0.15
Residual Average
0.0
Price Variance
738.98
Devon Energy lagged returns against current returns
Autocorrelation, which is Devon Energy stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Devon Energy's stock expected returns. We can calculate the autocorrelation of Devon Energy returns to help us make a trade decision. For example, suppose you find that Devon Energy has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values
Timeline
Devon Energy regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Devon Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Devon Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Devon Energy stock over time.
Current vs Lagged Prices
Timeline
Devon Energy Lagged Returns
When evaluating Devon Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Devon Energy stock have on its future price. Devon Energy autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Devon Energy autocorrelation shows the relationship between Devon Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Devon Energy.
Regressed Prices
Timeline
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When running Devon Energy's price analysis, check to measure Devon Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Devon Energy is operating at the current time. Most of Devon Energy's value examination focuses on studying past and present price action to predict the probability of Devon Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Devon Energy's price. Additionally, you may evaluate how the addition of Devon Energy to your portfolios can decrease your overall portfolio volatility.