Cenovus Energy Stock Performance
| CVE Stock | CAD 22.18 0.05 0.23% |
The firm shows a Beta (market volatility) of 0.23, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Cenovus Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cenovus Energy is expected to be smaller as well. At this point, Cenovus Energy has a negative expected return of -0.12%. Please make sure to confirm Cenovus Energy's maximum drawdown, daily balance of power, relative strength index, as well as the relationship between the skewness and day typical price , to decide if Cenovus Energy performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Over the last 90 days Cenovus Energy has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest unfluctuating performance, the Stock's technical and fundamental indicators remain healthy and the recent disarray on Wall Street may also be a sign of long period gains for the firm investors. ...more
Forward Dividend Yield 0.0325 | Payout Ratio 0.3469 | Forward Dividend Rate 0.72 | Dividend Date 2024-12-31 | Ex Dividend Date 2024-12-13 |
1 | Insider Buying Cenovus Energy Inc. Senior Officer Purchases 4,000 Shares of Stock - MarketBeat | 09/30/2024 |
2 | Where Will Cenovus Stock Be in 135 Years - MSN | 11/21/2024 |
| Begin Period Cash Flow | 4.5 B |
Cenovus |
Cenovus Energy Relative Risk vs. Return Landscape
If you would invest 2,415 in Cenovus Energy on September 1, 2024 and sell it today you would lose (197.00) from holding Cenovus Energy or give up 8.16% of portfolio value over 90 days. Cenovus Energy is producing return of less than zero assuming 1.7682% volatility of returns over the 90 days investment horizon. Simply put, 15% of all stocks have less volatile historical return distribution than Cenovus Energy, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Cenovus Energy Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cenovus Energy's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Cenovus Energy, and traders can use it to determine the average amount a Cenovus Energy's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0676
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| Negative Returns | CVE |
Estimated Market Risk
| 1.77 actual daily | 15 85% of assets are more volatile |
Expected Return
| -0.12 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.07 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Cenovus Energy is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Cenovus Energy by adding Cenovus Energy to a well-diversified portfolio.
Cenovus Energy Fundamentals Growth
Cenovus Stock prices reflect investors' perceptions of the future prospects and financial health of Cenovus Energy, and Cenovus Energy fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Cenovus Stock performance.
| Return On Equity | 0.13 | ||||
| Return On Asset | 0.0576 | ||||
| Profit Margin | 0.07 % | ||||
| Operating Margin | 0.07 % | ||||
| Current Valuation | 47.78 B | ||||
| Shares Outstanding | 1.83 B | ||||
| Price To Earning | 10.52 X | ||||
| Price To Book | 1.39 X | ||||
| Price To Sales | 0.73 X | ||||
| Revenue | 52.2 B | ||||
| Gross Profit | 16 B | ||||
| EBITDA | 10.23 B | ||||
| Net Income | 4.11 B | ||||
| Cash And Equivalents | 3.69 B | ||||
| Cash Per Share | 1.91 X | ||||
| Total Debt | 9.95 B | ||||
| Debt To Equity | 0.54 % | ||||
| Current Ratio | 1.73 X | ||||
| Book Value Per Share | 15.89 X | ||||
| Cash Flow From Operations | 7.39 B | ||||
| Earnings Per Share | 1.99 X | ||||
| Market Capitalization | 40.51 B | ||||
| Total Asset | 53.91 B | ||||
| Retained Earnings | 8.91 B | ||||
| Working Capital | 3.5 B | ||||
| Current Asset | 6.47 B | ||||
| Current Liabilities | 1.86 B | ||||
About Cenovus Energy Performance
By examining Cenovus Energy's fundamental ratios, stakeholders can obtain critical insights into Cenovus Energy's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Cenovus Energy is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 31.95 | 35.83 | |
| Return On Tangible Assets | 0.08 | 0.04 | |
| Return On Capital Employed | 0.11 | 0.07 | |
| Return On Assets | 0.08 | 0.04 | |
| Return On Equity | 0.14 | 0.09 |
Things to note about Cenovus Energy performance evaluation
Checking the ongoing alerts about Cenovus Energy for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Cenovus Energy help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Cenovus Energy generated a negative expected return over the last 90 days | |
| About 32.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Where Will Cenovus Stock Be in 135 Years - MSN |
- Analyzing Cenovus Energy's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Cenovus Energy's stock is overvalued or undervalued compared to its peers.
- Examining Cenovus Energy's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Cenovus Energy's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Cenovus Energy's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Cenovus Energy's stock. These opinions can provide insight into Cenovus Energy's potential for growth and whether the stock is currently undervalued or overvalued.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cenovus Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in Cenovus Stock, please use our How to Invest in Cenovus Energy guide.You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.