Cenovus Price To Sales Ratio from 2010 to 2024
| CVE Stock | USD 20.17 0.02 0.1% |
Price To Sales Ratio | First Reported 2010-12-31 | Previous Quarter 0.80037407 | Current Value 1.21 | Quarterly Volatility 0.32833708 |
Check Cenovus Energy financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Cenovus main balance sheet or income statement drivers, such as Depreciation And Amortization of 2.5 B, Interest Expense of 557.4 M or Selling General Administrative of 443.6 M, as well as many exotic indicators such as Price To Sales Ratio of 1.21, Dividend Yield of 0.0232 or PTB Ratio of 1.82. Cenovus financial statements analysis is a perfect complement when working with Cenovus Energy Valuation or Volatility modules.
Cenovus | Price To Sales Ratio |
Latest Cenovus Energy's Price To Sales Ratio Growth Pattern
Below is the plot of the Price To Sales Ratio of Cenovus Energy over the last few years. Price to Sales Ratio is figured by comparing Cenovus Energy stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Cenovus Energy sales, a figure that is much harder to manipulate than other Cenovus Energy multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. It is a valuation ratio that compares a company’s stock price to its revenues, calculated by dividing the company’s market cap by its total sales or revenue over a 12-month period. Cenovus Energy's Price To Sales Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Cenovus Energy's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 0.75 X | 10 Years Trend |
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Price To Sales Ratio |
| Timeline |
Cenovus Price To Sales Ratio Regression Statistics
| Arithmetic Mean | 1.00 | |
| Geometric Mean | 0.95 | |
| Coefficient Of Variation | 32.95 | |
| Mean Deviation | 0.28 | |
| Median | 0.90 | |
| Standard Deviation | 0.33 | |
| Sample Variance | 0.11 | |
| Range | 1.0771 | |
| R-Value | (0.61) | |
| Mean Square Error | 0.07 | |
| R-Squared | 0.37 | |
| Significance | 0.02 | |
| Slope | (0.04) | |
| Total Sum of Squares | 1.51 |
Cenovus Price To Sales Ratio History
About Cenovus Energy Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Cenovus Energy income statement, its balance sheet, and the statement of cash flows. Cenovus Energy investors use historical funamental indicators, such as Cenovus Energy's Price To Sales Ratio, to determine how well the company is positioned to perform in the future. Although Cenovus Energy investors may use each financial statement separately, they are all related. The changes in Cenovus Energy's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Cenovus Energy's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Cenovus Energy Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Cenovus Energy. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Price To Sales Ratio | 0.80 | 1.21 |
Pair Trading with Cenovus Energy
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cenovus Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cenovus Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Cenovus Stock
| 0.89 | E | Eni SpA ADR | PairCorr |
| 0.94 | BP | BP PLC ADR | PairCorr |
| 0.65 | EC | Ecopetrol SA ADR Earnings Call This Week | PairCorr |
| 0.95 | SU | Suncor Energy | PairCorr |
Moving against Cenovus Stock
| 0.41 | SLNG | Stabilis Solutions | PairCorr |
The ability to find closely correlated positions to Cenovus Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cenovus Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cenovus Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cenovus Energy to buy it.
The correlation of Cenovus Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cenovus Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cenovus Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Cenovus Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of Cenovus Energy Correlation against competitors. For information on how to trade Cenovus Stock refer to our How to Trade Cenovus Stock guide.You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Complementary Tools for Cenovus Stock analysis
When running Cenovus Energy's price analysis, check to measure Cenovus 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 Cenovus Energy is operating at the current time. Most of Cenovus Energy's value examination focuses on studying past and present price action to predict the probability of Cenovus 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 Cenovus Energy's price. Additionally, you may evaluate how the addition of Cenovus Energy to your portfolios can decrease your overall portfolio volatility.
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Is Cenovus Energy's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cenovus Energy. If investors know Cenovus will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cenovus Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.938 | Dividend Share 0.56 | Earnings Share 1.77 | Revenue Per Share 28.291 | Quarterly Revenue Growth 0.093 |
The market value of Cenovus Energy is measured differently than its book value, which is the value of Cenovus that is recorded on the company's balance sheet. Investors also form their own opinion of Cenovus Energy's value that differs from its market value or its book value, called intrinsic value, which is Cenovus Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cenovus Energy's market value can be influenced by many factors that don't directly affect Cenovus Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cenovus Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cenovus Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cenovus 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.