Financial data analysis helps to confirm if markets are presently mispricing Ovintiv. We were able to interpolate and analyze data for thirty-eight available financial ratios for Ovintiv, which can be compared to its competitors. The stock experiences a somewhat bearish sentiment, but the market may correct it shortly. Check odds of Ovintiv to be traded at C$55.95 in 90 days. Key indicators impacting Ovintiv's financial strength include:
Ovintiv competes with Journey Energy, Yangarra Resources, and Pine Cliff. 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 INC operates under Oil Gas EP classification in Canada and is traded on Toronto Stock Exchange. It employs 1713 people.
You should never invest in Ovintiv without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Ovintiv Stock, because this is throwing your money away. Analyzing the key information contained in Ovintiv's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
Ovintiv Key Financial Ratios
Ovintiv's financial ratios allow both analysts and investors to convert raw data from Ovintiv's financial statements into concise, actionable information that can be used to evaluate the performance of Ovintiv over time and compare it to other companies across industries.
Comparative valuation techniques use various fundamental indicators to help in determining Ovintiv's current stock value. Our valuation model uses many indicators to compare Ovintiv value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Ovintiv competition to find correlations between indicators driving Ovintiv's intrinsic value. More Info.
Ovintiv is considered to be number one stock in return on equity category among its peers. It also is considered to be number one stock in return on asset category among its peers reporting about 0.43 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Ovintiv is roughly 2.33 . At this time, Ovintiv's Return On Equity is very stable compared to the past year. Comparative valuation analysis is a catch-all model that can be used if you cannot value Ovintiv by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Ovintiv's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.
Ovintiv Systematic Risk
Ovintiv's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Ovintiv volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was ten with a total number of output elements of fifty-one. The Beta measures systematic risk based on how returns on Ovintiv correlated with the market. If Beta is less than 0 Ovintiv generally moves in the opposite direction as compared to the market. If Ovintiv Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Ovintiv is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Ovintiv is generally in the same direction as the market. If Beta > 1 Ovintiv moves generally in the same direction as, but more than the movement of the benchmark.
Ovintiv Total Assets Over Time
Today, most investors in Ovintiv Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Ovintiv's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Ovintiv growth as a starting point in their analysis.
Along with financial statement analysis, the daily predictive indicators of Ovintiv help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Ovintiv. We use our internally-developed statistical techniques to arrive at the intrinsic value of Ovintiv based on widely used predictive technical indicators. In general, we focus on analyzing Ovintiv Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Ovintiv's daily price indicators and compare them against related drivers.
When determining whether Ovintiv is a strong investment it is important to analyze Ovintiv'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 Ovintiv's future performance. For an informed investment choice regarding Ovintiv Stock, refer to the following important reports:
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 closely tied with the direction of predictive economic indicators such as signals in board of governors.
To learn how to invest in Ovintiv Stock, please use our How to Invest in Ovintiv guide.You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
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.