Cenovus Depreciation And Amortization vs Interest Income 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 Depreciation And Amortization and its Interest Income 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.
Depreciation And Amortization vs Interest Income
Depreciation And Amortization vs Interest Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cenovus Energy Depreciation And Amortization account and Interest Income. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Cenovus Energy's Depreciation And Amortization and Interest Income is -0.59. Overlapping area represents the amount of variation of Depreciation And Amortization that can explain the historical movement of Interest Income 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 Depreciation And Amortization and Interest Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Depreciation And Amortization of Cenovus Energy are associated (or correlated) with its Interest Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Income has no effect on the direction of Depreciation And Amortization i.e., Cenovus Energy's Depreciation And Amortization and Interest Income go up and down completely randomly.
Correlation Coefficient | -0.59 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.Interest Income
Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.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 |
Cenovus Energy fundamental ratios Correlations
Click cells to compare fundamentals
Cenovus Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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 |
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 | PairCorr |
0.95 | BP | BP PLC ADR Financial Report 7th of May 2024 | PairCorr |
0.97 | SU | Suncor Energy Sell-off Trend | PairCorr |
Moving against Cenovus Stock
0.74 | EP | Empire Petroleum Corp | PairCorr |
0.51 | SLNG | Stabilis Solutions | PairCorr |
0.48 | PBR | Petroleo Brasileiro Aggressive Push | PairCorr |
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.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 Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
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.
Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets |
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.