Considering 30-days investment horizon, and your above average risk tolerance our recommendation regarding Cenovus Energy is 'Strong Hold'. Macroaxis provides Cenovus Energy buy hold or sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding CVE positions. The advice algorithm takes into account all of Cenovus Energy available fundamental, technical, and predictive indicators you will find on this site. The advice is provided from CVE buy-and-hold prospective. Check also Cenovus Energy Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for muliple equity instruments please use Instant Ratings tool.
For the selected time horizon Cenovus Energy has a risk adjusted performance of (0.07), jensen alpha of (0.15), total risk alpha of (0.12), sortino ratio of 0.0 and treynor ratio of (0.17)We provide buy or sell advice to complement the prevailing expert consensus on Cenovus Energy. Our dynamic recommendation engine makes use of multi - dimensional algorithm to analyze the company potential to grow using all technical and fundamental data available at the time. To make sure Cenovus Energy is not overpriced, please confirm all Cenovus Energy fundamentals including its Price to Book, Total Debt, Number of Employees, as well as the relationship between EBITDA and Cash Flow from Operations . Given that Cenovus Energy has Price to Earning of 5.63X, we suggest you validate Cenovus Energy market performance and probability of bankruptcy to make sure the company can sustain itself in the current economic cycle given your prevailing risk tolerance and investing horizon.
Cenovus Energy Trading Alerts and Improvement Suggestions
Cenovus Energy exhibits very low volatility with skewness of -0.22 and kurtosis of -0.02. However, we advise investors to further study Cenovus Energy technical indicators to make sure all market info is available and is reliable.