Cenovus Total Revenue vs Other Operating Expenses Analysis

CVE Stock

USD 21.46 0.18 0.85%

Cenovus Energy financial indicator trend analysis is way more than just evaluating Cenovus Energy prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cenovus Energy is a good investment. Please check the relationship between Cenovus Energy Total Revenue and its Other Operating Expenses accounts. 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.

Total Revenue vs Other Operating Expenses

Total Revenue vs Other Operating Expenses Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cenovus Energy Total Revenue account and Other Operating Expenses. At this time, the significance of the direction appears to have totally related.

The correlation between Cenovus Energy's Total Revenue and Other Operating Expenses is 0.99. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Other Operating Expenses in the same time period over historical financial statements of Cenovus Energy, assuming nothing else is changed. The correlation between historical values of Cenovus Energy's Total Revenue and Other Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Revenue of Cenovus Energy are associated (or correlated) with its Other Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Operating Expenses has no effect on the direction of Total Revenue i.e., Cenovus Energy's Total Revenue and Other Operating Expenses go up and down completely randomly.

Correlation Coefficient

0.99

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Total Revenue

Total revenue comprises all receipts Cenovus Energy generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Cenovus Energy. It is also known as Cenovus Energy overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Most indicators from Cenovus Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cenovus Energy current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. 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.At present, Cenovus Energy's Sales General And Administrative To Revenue is projected to slightly decrease based on the last few years of reporting. The current year's Enterprise Value is expected to grow to about 52 B, whereas Enterprise Value Over EBITDA is forecasted to decline to 4.58.

	2021	2022	2024 (projected)
Interest Expense	1.0B	812M	557.4M
Depreciation And Amortization	4.3B	4.4B	2.5B

Interest Expense Depreciation And Amortization

Cenovus Energy fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets
Total Assets		0.89	0.47	0.87	0.98	0.85	0.97	0.02	0.7	0.48	0.35	0.98	-0.26	0.84	0.77	0.35	0.84	0.9	0.98	0.97	0.82	0.34	-0.55	0.97	0.86	0.78
Short Long Term Debt Total	0.89		0.2	0.71	0.83	0.72	0.86	0.2	0.87	0.5	0.23	0.88	-0.19	0.79	0.91	0.23	0.71	0.88	0.9	0.94	0.67	0.52	-0.3	0.9	0.72	0.64
Other Current Liab	0.47	0.2		0.44	0.49	0.74	0.44	-0.16	0.13	-0.21	0.15	0.45	-0.01	0.68	0.14	0.15	0.43	0.36	0.4	0.38	0.72	0.04	-0.61	0.41	0.78	0.37
Total Current Liabilities	0.87	0.71	0.44		0.77	0.67	0.75	-0.16	0.46	0.73	0.47	0.78	-0.09	0.82	0.63	0.47	0.97	0.7	0.85	0.85	0.86	0.4	-0.42	0.93	0.76	0.89
Total Stockholder Equity	0.98	0.83	0.49	0.77		0.86	0.98	0.06	0.67	0.33	0.3	0.98	-0.29	0.77	0.69	0.3	0.75	0.9	0.95	0.92	0.77	0.21	-0.58	0.9	0.85	0.69
Other Liab	0.85	0.72	0.74	0.67	0.86		0.86	-0.03	0.58	0.16	0.25	0.85	-0.33	0.85	0.65	0.25	0.66	0.77	0.82	0.81	0.86	0.16	-0.73	0.79	0.94	0.59
Property Plant And Equipment Net	0.97	0.86	0.44	0.75	0.98	0.86		0.07	0.74	0.36	0.21	0.99	-0.39	0.74	0.75	0.21	0.71	0.91	0.93	0.94	0.73	0.27	-0.6	0.91	0.82	0.63
Current Deferred Revenue	0.02	0.2	-0.16	-0.16	0.06	-0.03	0.07		0.33	-0.29	-0.27	0.09	-0.01	-0.05	0.08	-0.27	-0.15	0.22	0.1	0.03	-0.11	-0.1	0.08	-0.03	-0.02	-0.21
Net Debt	0.7	0.87	0.13	0.46	0.67	0.58	0.74	0.33		0.26	-0.28	0.78	-0.01	0.6	0.78	-0.28	0.43	0.87	0.71	0.76	0.44	0.52	-0.07	0.68	0.55	0.24
Accounts Payable	0.48	0.5	-0.21	0.73	0.33	0.16	0.36	-0.29	0.26		0.46	0.37	-0.07	0.39	0.53	0.46	0.71	0.32	0.49	0.55	0.42	0.45	-0.01	0.63	0.24	0.69
Cash	0.35	0.23	0.15	0.47	0.3	0.25	0.21	-0.27	-0.28	0.46		0.18	-0.34	0.36	0.24	1.0	0.53	-0.01	0.36	0.33	0.43	-0.01	-0.44	0.39	0.32	0.79
Non Current Assets Total	0.98	0.88	0.45	0.78	0.98	0.85	0.99	0.09	0.78	0.37	0.18		-0.26	0.78	0.76	0.18	0.74	0.95	0.95	0.95	0.75	0.32	-0.52	0.92	0.84	0.64
Non Currrent Assets Other	-0.26	-0.19	-0.01	-0.09	-0.29	-0.33	-0.39	-0.01	-0.01	-0.07	-0.34	-0.26		-0.01	-0.27	-0.34	-0.13	-0.09	-0.21	-0.27	-0.1	0.2	0.7	-0.22	-0.17	-0.21
Other Assets	0.84	0.79	0.68	0.82	0.77	0.85	0.74	-0.05	0.6	0.39	0.36	0.78	-0.01		0.7	0.36	0.84	0.74	0.85	0.85	0.94	0.44	-0.48	0.87	0.94	0.77
Long Term Debt	0.77	0.91	0.14	0.63	0.69	0.65	0.75	0.08	0.78	0.53	0.24	0.76	-0.27	0.7		0.24	0.62	0.75	0.75	0.87	0.54	0.62	-0.3	0.82	0.59	0.58
Cash And Short Term Investments	0.35	0.23	0.15	0.47	0.3	0.25	0.21	-0.27	-0.28	0.46	1.0	0.18	-0.34	0.36	0.24		0.53	-0.01	0.36	0.33	0.43	-0.01	-0.44	0.39	0.32	0.79
Net Receivables	0.84	0.71	0.43	0.97	0.75	0.66	0.71	-0.15	0.43	0.71	0.53	0.74	-0.13	0.84	0.62	0.53		0.67	0.85	0.84	0.87	0.36	-0.45	0.91	0.76	0.93
Good Will	0.9	0.88	0.36	0.7	0.9	0.77	0.91	0.22	0.87	0.32	-0.01	0.95	-0.09	0.74	0.75	-0.01	0.67		0.91	0.88	0.67	0.3	-0.33	0.85	0.75	0.5
Common Stock Shares Outstanding	0.98	0.9	0.4	0.85	0.95	0.82	0.93	0.1	0.71	0.49	0.36	0.95	-0.21	0.85	0.75	0.36	0.85	0.91		0.96	0.83	0.27	-0.5	0.95	0.85	0.78
Non Current Liabilities Total	0.97	0.94	0.38	0.85	0.92	0.81	0.94	0.03	0.76	0.55	0.33	0.95	-0.27	0.85	0.87	0.33	0.84	0.88	0.96		0.79	0.48	-0.5	0.98	0.82	0.77
Inventory	0.82	0.67	0.72	0.86	0.77	0.86	0.73	-0.11	0.44	0.42	0.43	0.75	-0.1	0.94	0.54	0.43	0.87	0.67	0.83	0.79		0.22	-0.61	0.84	0.96	0.81
Other Current Assets	0.34	0.52	0.04	0.4	0.21	0.16	0.27	-0.1	0.52	0.45	-0.01	0.32	0.2	0.44	0.62	-0.01	0.36	0.3	0.27	0.48	0.22		0.18	0.47	0.22	0.31
Other Stockholder Equity	-0.55	-0.3	-0.61	-0.42	-0.58	-0.73	-0.6	0.08	-0.07	-0.01	-0.44	-0.52	0.7	-0.48	-0.3	-0.44	-0.45	-0.33	-0.5	-0.5	-0.61	0.18		-0.49	-0.68	-0.49
Total Liab	0.97	0.9	0.41	0.93	0.9	0.79	0.91	-0.03	0.68	0.63	0.39	0.92	-0.22	0.87	0.82	0.39	0.91	0.85	0.95	0.98	0.84	0.47	-0.49		0.83	0.84
Property Plant And Equipment Gross	0.86	0.72	0.78	0.76	0.85	0.94	0.82	-0.02	0.55	0.24	0.32	0.84	-0.17	0.94	0.59	0.32	0.76	0.75	0.85	0.82	0.96	0.22	-0.68	0.83		0.69
Total Current Assets	0.78	0.64	0.37	0.89	0.69	0.59	0.63	-0.21	0.24	0.69	0.79	0.64	-0.21	0.77	0.58	0.79	0.93	0.5	0.78	0.77	0.81	0.31	-0.49	0.84	0.69

Click cells to compare fundamentals

Cenovus Energy Account Relationship Matchups

Cenovus Energy fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	35.7B	32.8B	54.1B	55.9B	53.9B	35.9B
Short Long Term Debt Total	8.6B	9.3B	15.4B	11.6B	9.9B	8.7B
Other Current Liab	81M	36M	422M	1.5B	4.6B	4.8B
Total Current Liabilities	2.5B	2.4B	7.3B	8.0B	6.2B	4.0B
Total Stockholder Equity	19.2B	16.7B	23.6B	27.6B	28.7B	16.9B
Other Liab	5.6B	4.7B	8.1B	9.0B	10.4B	10.9B
Property Plant And Equipment Net	29.9B	27.2B	37.0B	39.0B	38.9B	26.7B
Current Deferred Revenue	34M	1.4B	179M	88M	101.2M	96.1M
Net Debt	8.4B	8.9B	12.5B	7.1B	7.7B	6.9B
Accounts Payable	2.2B	608M	6.4B	6.1B	1.1B	1.0B
Cash	186M	378M	2.9B	4.5B	2.2B	1.7B
Non Current Assets Total	32.4B	29.8B	42.1B	43.4B	44.2B	29.8B
Non Currrent Assets Other	211M	75M	475M	502M	900M	752.9M
Other Assets	58M	111M	1.2B	841M	967.2M	1.0B
Long Term Debt	6.7B	7.4B	12.4B	8.7B	7.1B	7.7B
Cash And Short Term Investments	186M	378M	2.9B	4.5B	2.2B	1.7B
Net Receivables	1.6B	1.4B	3.9B	3.6B	3.2B	2.1B
Common Stock Shares Outstanding	1.2B	1.2B	2.0B	2.0B	1.9B	1.2B
Liabilities And Stockholders Equity	35.7B	32.8B	54.1B	55.9B	53.9B	35.9B
Non Current Liabilities Total	14.0B	13.7B	23.2B	20.3B	19.0B	15.0B
Inventory	1.5B	1.1B	3.9B	4.3B	4.0B	4.2B
Other Current Assets	5M	121M	1.3B	402M	264M	427.0M
Other Stockholder Equity	4.4B	4.4B	4.5B	2.9B	2.0B	1.9B
Total Liab	16.5B	16.1B	30.5B	28.3B	25.2B	19.0B
Property Plant And Equipment Gross	29.9B	27.2B	54.3B	61.1B	65.9B	69.2B
Total Current Assets	3.3B	3.0B	12.0B	12.4B	9.7B	6.1B
Accumulated Other Comprehensive Income	827M	775M	684M	1.5B	1.2B	1.3B
Short Term Debt	196M	305M	351M	423M	478M	713.2M
Intangible Assets	101M	89M	78M	19M	17.1M	16.2M
Property Plant Equipment	29.9B	27.2B	37.0B	39.0B	44.9B	25.1B
Retained Earnings	3.0B	501M	878M	6.4B	8.9B	9.4B
Net Tangible Assets	16.8B	14.3B	19.5B	24.1B	27.7B	29.1B
Short Term Investments	78M	10M	507M	1.3B	1.5B	1.6B
Long Term Investments	52M	149M	441M	420M	558M	585.9M
Long Term Debt Total	8.4B	9.0B	15.1B	11.2B	12.9B	10.3B
Capital Surpluse	4.4B	4.4B	4.3B	2.7B	2.4B	3.3B

Cenovus Energy Investors Sentiment

The influence of Cenovus Energy'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 Cenovus. 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 Cenovus Energy's public news can be used to forecast risks associated with an investment in Cenovus. The trend in average sentiment can be used to explain how an investor holding Cenovus can time the market purely based on public headlines and social activities around Cenovus Energy. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Cenovus Energy'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 Cenovus Energy'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 Cenovus Energy's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Cenovus Energy.

Cenovus Energy Implied Volatility

54.54

Cenovus Energy's implied volatility exposes the market's sentiment of Cenovus Energy stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Cenovus Energy's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Cenovus Energy stock will not fluctuate a lot when Cenovus Energy's options are near their expiration.

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 Cenovus Energy 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, Cenovus Energy's short interest history, or implied volatility extrapolated from Cenovus Energy options trading.

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

0.8	E	Eni SpA ADR	Pair Corr
0.95	BP	BP PLC ADR Financial Report 7th of May 2024	Pair Corr
0.97	SU	Suncor Energy Sell-off Trend	Pair Corr

Moving against Cenovus Stock

0.74	EP	Empire Petroleum Corp	Pair Corr
0.51	SLNG	Stabilis Solutions	Pair Corr
0.48	PBR	Petroleo Brasileiro Aggressive Push	Pair Corr

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.

Pair Correlation Correlation Matching

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:

How To Invest In Cenovus

Details

Is Cenovus Stock a good investment?

Details

What is Cenovus Energy's Net Worth?

Details

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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

1.55

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.

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Cenovus Total Revenue vs Other Operating Expenses Analysis

Total Revenue vs Other Operating Expenses

Total Revenue vs Other Operating Expenses Correlation Analysis

Correlation Coefficient

Total Revenue

Other Operating Expenses

Cenovus Energy fundamental ratios Correlations

Cenovus Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Cenovus Energy fundamental ratios Accounts

Cenovus Energy Investors Sentiment

Cenovus Energy Implied Volatility

Pair Trading with Cenovus Energy

Moving together with Cenovus Stock

Moving against Cenovus Stock

Complementary Tools for Cenovus Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Total Stockholder Equity	+ 0.98	Total Assets
Non Current Assets Total	+ 0.98	Total Assets
Common Stock Shares Outstanding	+ 0.98	Total Assets
Property Plant And Equipment Net	+ 0.98	Total Stockholder Equity

Other Stockholder Equity	- 0.73	Other Liab
Property Plant And Equipment Gross	- 0.68	Other Stockholder Equity
Other Stockholder Equity	- 0.61	Inventory
Other Stockholder Equity	- 0.61	Other Current Liab
Other Stockholder Equity	- 0.6	Property Plant And Equipment Net
Other Stockholder Equity	- 0.58	Total Stockholder Equity