Ovintiv Stock Forecast - Potential Upside
| OVV Stock | USD 51.75 0.54 1.03% |
Ovintiv Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Ovintiv stock prices and determine the direction of Ovintiv's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Ovintiv's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Ovintiv's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Ovintiv's systematic risk associated with finding meaningful patterns of Ovintiv fundamentals over time.
Check out Historical Fundamental Analysis of Ovintiv to cross-verify your projections. Ovintiv |
Open Interest Against 2024-04-19 Ovintiv Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Ovintiv's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Ovintiv's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Ovintiv stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Ovintiv's open interest, investors have to compare it to Ovintiv's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Ovintiv is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Ovintiv. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Ovintiv cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Ovintiv's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Ovintiv's price structures and extracts relationships that further increase the generated results' accuracy.
| Check Ovintiv Volatility | Backtest Ovintiv | Information Ratio |
Ovintiv Trading Date Momentum
| On April 19 2024 Ovintiv was traded for 51.75 at the closing time. Highest Ovintiv's price during the trading hours was 52.70 and the lowest price during the day was 51.27 . There was no trading activity during the period 0.0. Lack of trading volume on the 19th of April did not cause price change. The trading delta at closing time to current price is 0.99% . |
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Other Forecasting Options for Ovintiv
For every potential investor in Ovintiv, whether a beginner or expert, Ovintiv's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Ovintiv Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Ovintiv. Basic forecasting techniques help filter out the noise by identifying Ovintiv's price trends.View Ovintiv Related Equities
| Risk & Return | Correlation |
Ovintiv Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Ovintiv's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Ovintiv's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Ovintiv Market Strength Events
Market strength indicators help investors to evaluate how Ovintiv stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Ovintiv shares will generate the highest return on investment. By undertsting and applying Ovintiv stock market strength indicators, traders can identify Ovintiv entry and exit signals to maximize returns.
Ovintiv Risk Indicators
The analysis of Ovintiv's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Ovintiv's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting ovintiv stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.12 | |||
| Semi Deviation | 0.8131 | |||
| Standard Deviation | 1.49 | |||
| Variance | 2.22 | |||
| Downside Variance | 1.68 | |||
| Semi Variance | 0.6611 | |||
| Expected Short fall | (1.30) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Ovintiv Investors Sentiment
The influence of Ovintiv's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Ovintiv. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Ovintiv's public news can be used to forecast risks associated with an investment in Ovintiv. The trend in average sentiment can be used to explain how an investor holding Ovintiv can time the market purely based on public headlines and social activities around Ovintiv. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Ovintiv's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Ovintiv's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Ovintiv's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Ovintiv.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Ovintiv in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Ovintiv's short interest history, or implied volatility extrapolated from Ovintiv options trading.
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Complementary Tools for Ovintiv Stock analysis
When running Ovintiv's price analysis, check to measure Ovintiv'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 Ovintiv is operating at the current time. Most of Ovintiv's value examination focuses on studying past and present price action to predict the probability of Ovintiv's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ovintiv's price. Additionally, you may evaluate how the addition of Ovintiv to your portfolios can decrease your overall portfolio volatility.
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Is Ovintiv'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 Ovintiv. If investors know Ovintiv 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 Ovintiv 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 (0.41) | Dividend Share 1.15 | Earnings Share 7.9 | Revenue Per Share 41.02 | Quarterly Revenue Growth (0.12) |
The market value of Ovintiv is measured differently than its book value, which is the value of Ovintiv that is recorded on the company's balance sheet. Investors also form their own opinion of Ovintiv's value that differs from its market value or its book value, called intrinsic value, which is Ovintiv'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 Ovintiv's market value can be influenced by many factors that don't directly affect Ovintiv'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 Ovintiv's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ovintiv is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ovintiv'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.