Cenovus Energy Stock Performance
| CVE Stock | USD 20.85 0.19 0.92% |
On a scale of 0 to 100, Cenovus Energy holds a performance score of 26. The firm shows a Beta (market volatility) of 0.91, which signifies possible diversification benefits within a given portfolio. Cenovus Energy returns are very sensitive to returns on the market. As the market goes up or down, Cenovus Energy is expected to follow. Please check Cenovus Energy's sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to make a quick decision on whether Cenovus Energy's price patterns will revert.
Risk-Adjusted Performance
26 of 100
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Strong
Compared to the overall equity markets, risk-adjusted returns on investments in Cenovus Energy are ranked lower than 26 (%) of all global equities and portfolios over the last 90 days. In spite of rather conflicting basic indicators, Cenovus Energy exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
Actual Historical Performance (%)
One Day Return 0.92 | Five Day Return (0.67) | Year To Date Return 25.75 | Ten Year Return (28.52) | All Time Return (16.60) |
Forward Dividend Yield 0.0199 | Payout Ratio 0.1967 | Forward Dividend Rate 0.41 | Dividend Date 2024-03-28 | Ex Dividend Date 2024-03-14 |
1 | Where Will Cenovus Energy Inc Stock Go Next After It Is Up 7.84 percent in a Week - InvestorsObserver | 01/26/2024 |
2 | Cenovus Energy Inc. Q4 2023 Earnings Call Transcript | 02/16/2024 |
3 | Cenovus Energy sees production rising by 19 percent in five years | 03/05/2024 |
4 | Cenovus Energy Earns Technical Rating Upgrade | 03/25/2024 |
5 | ShadowRay vulnerability on Ray framework exposes thousands of AI workloads, compute power and data | 03/27/2024 |
| Cenovus Energy dividend paid on 28th of March 2024 | 03/28/2024 |
6 | Cenovus Energy Stock Sees Improved Relative Strength | 04/03/2024 |
7 | Expanded Trans Mountain system to start operating May 1, surprising analysts | 04/04/2024 |
8 | UPDATE 1-Cenovus Energy to invest 1.5 billion in Ohio refineries - local media | 04/11/2024 |
9 | Cenovus Energy Invests 1.5B in Ohio Refineries Growth | 04/12/2024 |
10 | Zombie Fires Smoldering Near Oil and Gas Wells Threaten CanadasDrillers | 04/15/2024 |
11 | Will Cenovus Beat Estimates Again in Its Next Earnings Report | 04/17/2024 |
12 | Valero, Chevron Buy Oil Off Trans Mountain in West Coast First | 04/19/2024 |
| Begin Period Cash Flow | 4.5 B |
Cenovus |
Cenovus Energy Relative Risk vs. Return Landscape
If you would invest 1,493 in Cenovus Energy on January 21, 2024 and sell it today you would earn a total of 592.00 from holding Cenovus Energy or generate 39.65% return on investment over 90 days. Cenovus Energy is generating 0.5351% of daily returns assuming volatility of 1.5676% on return distribution over 90 days investment horizon. In other words, 13% of stocks are less volatile than Cenovus, and above 90% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
| Risk |
Cenovus Energy Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cenovus Energy's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Cenovus Energy, and traders can use it to determine the average amount a Cenovus Energy'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 = 0.3414
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Estimated Market Risk
| 1.57 actual daily | 13 87% of assets are more volatile |
Expected Return
| 0.54 actual daily | 10 90% of assets have higher returns |
Risk-Adjusted Return
| 0.34 actual daily | 26 74% of assets perform better |
Based on monthly moving average Cenovus Energy is performing at about 26% 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.
Cenovus Energy Fundamentals Growth
Cenovus Stock prices reflect investors' perceptions of the future prospects and financial health of Cenovus Energy, and Cenovus Energy 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 Cenovus Stock performance.
| Return On Equity | 0.15 | ||||
| Return On Asset | 0.0616 | ||||
| Profit Margin | 0.08 % | ||||
| Operating Margin | 0.08 % | ||||
| Current Valuation | 46.92 B | ||||
| Shares Outstanding | 1.87 B | ||||
| Price To Earning | 14.01 X | ||||
| Price To Book | 1.90 X | ||||
| Price To Sales | 0.75 X | ||||
| Revenue | 52.2 B | ||||
| Gross Profit | 16 B | ||||
| EBITDA | 10.27 B | ||||
| Net Income | 4.11 B | ||||
| Cash And Equivalents | 3.69 B | ||||
| Cash Per Share | 1.91 X | ||||
| Total Debt | 9.95 B | ||||
| Debt To Equity | 0.54 % | ||||
| Current Ratio | 1.73 X | ||||
| Book Value Per Share | 15.05 X | ||||
| Cash Flow From Operations | 7.39 B | ||||
| Earnings Per Share | 1.53 X | ||||
| Market Capitalization | 38.57 B | ||||
| Total Asset | 53.91 B | ||||
| Retained Earnings | 8.91 B | ||||
| Working Capital | 3.5 B | ||||
| Current Asset | 6.47 B | ||||
| Current Liabilities | 1.86 B | ||||
About Cenovus Energy Performance
To evaluate Cenovus Energy 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 Cenovus Energy 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 Cenovus 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 Cenovus Energy market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Cenovus'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.| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 31.95 | 35.83 | |
| Return On Tangible Assets | 0.08 | 0.04 | |
| Return On Capital Employed | 0.11 | 0.07 | |
| Return On Assets | 0.08 | 0.04 | |
| Return On Equity | 0.14 | 0.09 |
Things to note about Cenovus Energy performance evaluation
Checking the ongoing alerts about Cenovus Energy for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Cenovus Energy help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| About 55.0% of the company shares are held by institutions such as insurance companies | |
| On 28th of March 2024 Cenovus Energy paid $ 0.1037 per share dividend to its current shareholders | |
| Latest headline from finance.yahoo.com: Valero, Chevron Buy Oil Off Trans Mountain in West Coast First |
- Analyzing Cenovus Energy'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 Cenovus Energy's stock is overvalued or undervalued compared to its peers.
- Examining Cenovus Energy'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 Cenovus Energy's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Cenovus Energy's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Cenovus Energy's stock. These opinions can provide insight into Cenovus Energy's potential for growth and whether the stock is currently undervalued or overvalued.
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 Fundamental Analysis module to view fundamental data based on most recent published financial statements.
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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 1.53 | 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.