Ovintiv Stock Technical Analysis
| OVV Stock | CAD 63.81 0.19 0.30% |
As of the 1st of December, Ovintiv holds the Semi Deviation of 2.06, coefficient of variation of 1307.08, and Risk Adjusted Performance of 0.0651. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Ovintiv, as well as the relationship between them.
Ovintiv Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Ovintiv, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to OvintivOvintiv |
Ovintiv 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.
Ovintiv Technical Analysis
The output start index for this execution was one with a total number of output elements of sixty. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Ovintiv volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Ovintiv Trend Analysis
Use this graph to draw trend lines for Ovintiv. You can use it to identify possible trend reversals for Ovintiv as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Ovintiv price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Ovintiv Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Ovintiv applied against its price change over selected period. The best fit line has a slop of 0.18 , which means Ovintiv will continue generating value for investors. It has 122 observation points and a regression sum of squares at 1261.09, which is the sum of squared deviations for the predicted Ovintiv price change compared to its average price change.About Ovintiv Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Ovintiv on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Ovintiv based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Ovintiv price pattern first instead of the macroeconomic environment surrounding Ovintiv. By analyzing Ovintiv's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Ovintiv's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Ovintiv specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0139 | 0.0186 | 0.0269 | 0.0343 | Price To Sales Ratio | 1.01 | 1.03 | 1.07 | 1.2 |
Ovintiv December 1, 2024 Technical Indicators
Most technical analysis of Ovintiv help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Ovintiv from various momentum indicators to cycle indicators. When you analyze Ovintiv charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0651 | |||
| Market Risk Adjusted Performance | (9.34) | |||
| Mean Deviation | 1.68 | |||
| Semi Deviation | 2.06 | |||
| Downside Deviation | 2.17 | |||
| Coefficient Of Variation | 1307.08 | |||
| Standard Deviation | 2.27 | |||
| Variance | 5.15 | |||
| Information Ratio | 0.0159 | |||
| Jensen Alpha | 0.1659 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | 0.0166 | |||
| Treynor Ratio | (9.35) | |||
| Maximum Drawdown | 9.61 | |||
| Value At Risk | (3.77) | |||
| Potential Upside | 4.52 | |||
| Downside Variance | 4.7 | |||
| Semi Variance | 4.23 | |||
| Expected Short fall | (1.80) | |||
| Skewness | 0.2153 | |||
| Kurtosis | 0.5237 |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ovintiv. 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 Ovintiv Stock, please use our How to Invest in Ovintiv guide.You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.