Cenovus Energy Stock Price on June 11, 2021

CVE Stock  USD 19.99  0.15  0.76%   
Below is the normalized historical share price chart for Cenovus Energy extending back to November 17, 2009. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Cenovus Energy stands at 19.99, as last reported on the 28th of March, with the highest price reaching 20.06 and the lowest price hitting 19.87 during the day.
IPO Date
17th of November 2009
200 Day MA
18.044
50 Day MA
17.1052
Beta
2.785
 
Credit Downgrade
 
Yuan Drop
 
Covid
If you're considering investing in Cenovus Stock, it is important to understand the factors that can impact its price. Cenovus Energy appears to be very steady, given 3 months investment horizon. Cenovus Energy secures Sharpe Ratio (or Efficiency) of 0.19, which signifies that the company had a 0.19% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Cenovus Energy, which you can use to evaluate the volatility of the firm. Please makes use of Cenovus Energy's Mean Deviation of 1.24, risk adjusted performance of 0.1007, and Downside Deviation of 1.47 to double-check if our risk estimates are consistent with your expectations.
  
As of March 28, 2024, Total Stockholder Equity is expected to decline to about 16.9 B. In addition to that, Common Stock Shares Outstanding is expected to decline to about 1.2 B. At present, Cenovus Energy's Price To Sales Ratio is projected to slightly decrease based on the last few years of reporting. The current year's Price Book Value Ratio is expected to grow to 1.82, whereas Price Earnings To Growth Ratio is projected to grow to (0.28). Cenovus Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.1874

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Estimated Market Risk

 1.7
  actual daily
15
85% of assets are more volatile

Expected Return

 0.32
  actual daily
6
94% of assets have higher returns

Risk-Adjusted Return

 0.19
  actual daily
14
86% of assets perform better
Based on monthly moving average Cenovus Energy is performing at about 14% of its full potential. 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 it to a well-diversified portfolio.
Price Book
1.7938
Enterprise Value Ebitda
4.1512
Price Sales
0.7034
Shares Float
1.3 B
Dividend Share
0.525

Cenovus Energy Valuation on June 11, 2021

It is possible to determine the worth of Cenovus Energy on a given historical date. On June 11, 2021 Cenovus was worth 15.76 at the beginning of the trading date compared to the closed value of 14.39. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Cenovus Energy stock. Still, in general, we apply an absolute valuation method to find Cenovus Energy's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Cenovus Energy where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Cenovus Energy's related companies.
 Open High Low Close Volume
03/14/2022
  15.76    15.80    14.39    14.39    18,084,641  
  14.34    15.01    14.18    14.31    13,597,630  
Backtest Cenovus Energy  |  Cenovus Energy History  |  Cenovus Energy Valuation Next  
Open Value
15.76
14.39
Closing Value
20.85
Upside

Cenovus Energy Trading Date Momentum on June 11, 2021

The event impact on price volatility cannot be determined at this time. Please check this event after some time to allow current data to be analyzed.

Cenovus Energy Fundamentals Correlations and Trends

By evaluating Cenovus Energy's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Cenovus Energy's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Cenovus financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Cenovus Energy Stock history

Cenovus Energy investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Cenovus is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Cenovus Energy will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Cenovus Energy stock prices may prove useful in developing a viable investing in Cenovus Energy
Last ReportedProjected for 2024
Common Stock Shares Outstanding1.9 B1.2 B
Net Income Applicable To Common Shares7.4 B7.7 B

Cenovus Energy Stock Technical Analysis

Cenovus Energy 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.
A focus of Cenovus Energy technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Cenovus Energy trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Cenovus Energy Period Price Range

Low
March 14, 2022
High

 15.76 

  

 14.39 

-1.37-8.69%

Cenovus Energy March 28, 2024 Market Strength

Market strength indicators help investors to evaluate how Cenovus Energy stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Cenovus Energy shares will generate the highest return on investment. By undertsting and applying Cenovus Energy stock market strength indicators, traders can identify Cenovus Energy entry and exit signals to maximize returns

Cenovus Energy Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Cenovus Energy's price direction in advance. Along with the technical and fundamental analysis of Cenovus Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Cenovus to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
When determining whether Cenovus Energy is a strong investment it is important to analyze Cenovus Energy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Cenovus Energy's future performance. For an informed investment choice regarding Cenovus Stock, refer to the following important reports:
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 tightly coupled with the direction of predictive economic indicators such as signals in real.
For information on how to trade Cenovus Stock refer to our How to Trade Cenovus Stock guide.
You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.

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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
(0.03)
Dividend Share
0.525
Earnings Share
1.56
Revenue Per Share
27.541
Quarterly Revenue Growth
(0.07)
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.