Ovintiv Stock Performance
| OVV Stock | USD 51.75 0.54 1.03% |
On a scale of 0 to 100, Ovintiv holds a performance score of 21. The company holds a Beta of 0.29, which implies not very significant fluctuations relative to the market. As returns on the market increase, Ovintiv's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ovintiv is expected to be smaller as well. Please check Ovintiv's treynor ratio, as well as the relationship between the expected short fall and day median price , to make a quick decision on whether Ovintiv's historical price patterns will revert.
Risk-Adjusted Performance
21 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in Ovintiv are ranked lower than 21 (%) of all global equities and portfolios over the last 90 days. In spite of fairly fragile basic indicators, Ovintiv showed solid returns over the last few months and may actually be approaching a breakup point. ...more
| Ovintiv dividend paid on 28th of March 2024 | 03/28/2024 |
| Begin Period Cash Flow | 5 M |
Ovintiv |
Ovintiv Relative Risk vs. Return Landscape
If you would invest 4,007 in Ovintiv on January 18, 2024 and sell it today you would earn a total of 1,168 from holding Ovintiv or generate 29.15% return on investment over 90 days. Ovintiv is generating 0.4116% of daily returns assuming volatility of 1.5085% on return distribution over 90 days investment horizon. In other words, 13% of stocks are less volatile than Ovintiv, and above 92% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
| Risk |
Ovintiv Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ovintiv's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Ovintiv, and traders can use it to determine the average amount a Ovintiv's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.2728
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Estimated Market Risk
| 1.51 actual daily | 13 87% of assets are more volatile |
Expected Return
| 0.41 actual daily | 8 92% of assets have higher returns |
Risk-Adjusted Return
| 0.27 actual daily | 21 79% of assets perform better |
Based on monthly moving average Ovintiv is performing at about 21% 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 Ovintiv by adding it to a well-diversified portfolio.
Ovintiv Fundamentals Growth
Ovintiv Stock prices reflect investors' perceptions of the future prospects and financial health of Ovintiv, and Ovintiv fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Ovintiv Stock performance.
| Return On Equity | 0.23 | ||||
| Return On Asset | 0.11 | ||||
| Profit Margin | 0.20 % | ||||
| Operating Margin | 0.42 % | ||||
| Current Valuation | 20.71 B | ||||
| Shares Outstanding | 268.95 M | ||||
| Price To Earning | 3.93 X | ||||
| Price To Book | 1.39 X | ||||
| Price To Sales | 1.36 X | ||||
| Revenue | 10.73 B | ||||
| EBITDA | 4.65 B | ||||
| Cash And Equivalents | 5 M | ||||
| Cash Per Share | 0.07 X | ||||
| Total Debt | 6.68 B | ||||
| Debt To Equity | 0.69 % | ||||
| Book Value Per Share | 38.17 X | ||||
| Cash Flow From Operations | 4.17 B | ||||
| Earnings Per Share | 7.90 X | ||||
| Total Asset | 19.99 B | ||||
| Retained Earnings | 697 M | ||||
| Current Asset | 2.7 B | ||||
| Current Liabilities | 2.01 B | ||||
About Ovintiv Performance
To evaluate Ovintiv Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Ovintiv generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Ovintiv Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Ovintiv market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Ovintiv's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.Ovintiv Inc., together with its subsidiaries, engages in the exploration, development, production, and marketing of natural gas, oil, and natural gas liquids. Ovintiv Inc. was incorporated in 2020 and is based in Denver, Colorado. Ovintiv operates under Oil Gas EP classification in the United States and is traded on New York Stock Exchange. It employs 1713 people.Things to note about Ovintiv performance evaluation
Checking the ongoing alerts about Ovintiv for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Ovintiv help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| The company has 6.68 B in debt with debt to equity (D/E) ratio of 0.69, which is OK given its current industry classification. Ovintiv has a current ratio of 0.5, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Ovintiv until it has trouble settling it off, either with new capital or with free cash flow. So, Ovintiv's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Ovintiv sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Ovintiv to invest in growth at high rates of return. When we think about Ovintiv's use of debt, we should always consider it together with cash and equity. | |
| Over 83.0% of Ovintiv shares are owned by institutional investors | |
| On 28th of March 2024 Ovintiv paid $ 0.3 per share dividend to its current shareholders |
- Analyzing Ovintiv's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Ovintiv's stock is overvalued or undervalued compared to its peers.
- Examining Ovintiv's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Ovintiv's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Ovintiv's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Ovintiv's stock. These opinions can provide insight into Ovintiv's potential for growth and whether the stock is currently undervalued or overvalued.
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ovintiv. 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 more information on how to buy Ovintiv Stock please use our How to Invest in Ovintiv guide.You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
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.
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.