Cenovus Energy Stock Price on December 14, 2023
| CVE Stock | USD 20.57 0.23 1.13% |
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 20.57, as last reported on the 3rd of May, with the highest price reaching 20.80 and the lowest price hitting 20.46 during the day.
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 0.28, which signifies that the company had a 0.28% 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 Downside Deviation of 1.69, risk adjusted performance of 0.1499, and Mean Deviation of 1.07 to double-check if our risk estimates are consistent with your expectations.
The current year's Stock Based Compensation To Revenue is expected to grow to 0, whereas Total Stockholder Equity is forecasted to decline to about 16.9 B. . At present, Cenovus Energy's Price Earnings Ratio is projected to drop slightly 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.
IPO Date 17th of November 2009 | 200 Day MA 18.5432 | 50 Day MA 19.5738 | Beta 2.782 |
Cenovus |
Sharpe Ratio = 0.2816
| Best Portfolio | Best Equity | |||
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| Small Returns | CVE | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 1.61 actual daily | 14 86% of assets are more volatile |
Expected Return
| 0.45 actual daily | 8 92% of assets have higher returns |
Risk-Adjusted Return
| 0.28 actual daily | 22 78% of assets perform better |
Based on monthly moving average Cenovus Energy is performing at about 22% 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 1.8997 | Enterprise Value Ebitda 4.3583 | Price Sales 0.7536 | Shares Float 1.3 B | Dividend Share 0.525 |
Cenovus Energy Valuation on December 14, 2023
It is possible to determine the worth of Cenovus Energy on a given historical date. On December 14, 2023 Cenovus was worth 16.5 at the beginning of the trading date compared to the closed value of 16.63. 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 | |
| 15.82 | 16.23 | 15.73 | 16.02 | 17,905,570 | |
12/14/2023 | 16.50 | 16.75 | 16.44 | 16.63 | 20,556,029 |
| 16.74 | 16.74 | 16.16 | 16.16 | 12,783,620 |
| Backtest Cenovus Energy | | | Cenovus Energy History | | | Cenovus Energy Valuation | Previous | Next |
Cenovus Energy Trading Date Momentum on December 14, 2023
| On December 15 2023 Cenovus Energy was traded for 16.16 at the closing time. Highest Cenovus Energy's price during the trading hours was 16.74 and the lowest price during the day was 16.16 . The net volume was 12.8 M. The overall trading history on the 15th of December 2023 contributed to the next trading period price depreciation. The overall trading delta to the next next day price was 2.83% . The overall trading delta to current price is 3.01% . |
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 Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 1.9 B | 1.2 B | |
| Net Income Applicable To Common Shares | 7.4 B | 7.7 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.
Price Boundaries
Cenovus Energy Period Price Range
Low | December 14, 2023
| High |
16.50 | 16.63 |
Cenovus Energy May 3, 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
| Accumulation Distribution | 380440.0 | |||
| Daily Balance Of Power | 0.4194 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 16.6 | |||
| Day Typical Price | 16.61 | |||
| Price Action Indicator | 0.1 | |||
| Period Momentum Indicator | 3.94 |
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.
| Risk Adjusted Performance | 0.1499 | |||
| Jensen Alpha | 0.3012 | |||
| Total Risk Alpha | 0.2378 | |||
| Sortino Ratio | 0.1806 | |||
| Treynor Ratio | 0.3171 |
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| Volume Indicators |
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 Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Complementary Tools for Cenovus Stock analysis
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.