Ovintiv Stock Price on April 22, 2024

OVV Stock  USD 40.51  0.49  1.20%   
Below is the normalized historical share price chart for Ovintiv extending back to August 21, 2001. 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 Ovintiv stands at 40.51, as last reported on the 15th of December 2024, with the highest price reaching 41.25 and the lowest price hitting 40.25 during the day.
IPO Date
8th of April 2002
200 Day MA
45.9468
50 Day MA
42.2816
Beta
2.641
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
If you're considering investing in Ovintiv Stock, it is important to understand the factors that can impact its price. At this stage we consider Ovintiv Stock to be very steady. Ovintiv maintains Sharpe Ratio (i.e., Efficiency) of 0.0388, which implies the firm had a 0.0388% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Ovintiv, which you can use to evaluate the volatility of the company. Please check Ovintiv's Risk Adjusted Performance of 0.0434, semi deviation of 2.09, and Coefficient Of Variation of 1983.07 to confirm if the risk estimate we provide is consistent with the expected return of 0.0889%.
  
Total Stockholder Equity is likely to drop to about 8.3 B in 2024. Common Stock Total Equity is likely to drop to about 2.6 M in 2024. At this time, Ovintiv's Price To Sales Ratio is fairly stable compared to the past year. Price To Operating Cash Flows Ratio is likely to climb to 3.50 in 2024, whereas Price Book Value Ratio is likely to drop 1.08 in 2024. Ovintiv Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.0388

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Estimated Market Risk

 2.29
  actual daily
20
80% of assets are more volatile

Expected Return

 0.09
  actual daily
1
99% of assets have higher returns

Risk-Adjusted Return

 0.04
  actual daily
3
97% of assets perform better
Based on monthly moving average Ovintiv is performing at about 3% 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.
Price Book
0.9897
Enterprise Value Ebitda
3.3088
Price Sales
1.1029
Shares Float
258.9 M
Dividend Share
1.2

Ovintiv Valuation on April 22, 2024

It is possible to determine the worth of Ovintiv on a given historical date. On April 22, 2024 Ovintiv was worth 50.7 at the beginning of the trading date compared to the closed value of 51.07. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Ovintiv stock. Still, in general, we apply an absolute valuation method to find Ovintiv'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 Ovintiv where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Ovintiv's related companies.
 Open High Low Close Volume
  50.35    51.40    50.22    50.88    1,842,832  
04/22/2024
  50.70    51.51    50.13    51.07    2,049,676  
  50.79    51.78    50.36    51.65    1,636,236  
Backtest Ovintiv  |  Ovintiv History  |  Ovintiv Valuation   PreviousNext  
Open Value
50.7
51.07
Closing Value
57.57
Upside

Ovintiv Trading Date Momentum on April 22, 2024

On April 23 2024 Ovintiv was traded for  51.65  at the closing time. Highest Ovintiv's price during the trading hours was 51.78  and the lowest price during the day was  50.36 . The net volume was 1.6 M. The overall trading history on the 23rd of April contributed to the next trading period price increase. The trading delta at closing time to the next next day price was 1.14% . The trading delta at closing time to current price is 1.78% .

Ovintiv Fundamentals Correlations and Trends

By evaluating Ovintiv'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 Ovintiv's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Ovintiv financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Ovintiv Stock history

Ovintiv 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 Ovintiv is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Ovintiv 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 Ovintiv stock prices may prove useful in developing a viable investing in Ovintiv
Last ReportedProjected for Next Year
Common Stock Shares Outstanding263.9 M202.4 M
Net Income Applicable To Common Shares4.2 B4.4 B

Ovintiv Stock Technical Analysis

Ovintiv 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.
A focus of Ovintiv technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Ovintiv trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Ovintiv Period Price Range

Low
December 15, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Ovintiv cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Ovintiv December 15, 2024 Market Strength

Market strength indicators help investors to evaluate how Ovintiv stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Ovintiv shares will generate the highest return on investment. By undertsting and applying Ovintiv stock market strength indicators, traders can identify Ovintiv entry and exit signals to maximize returns

Ovintiv Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Ovintiv's price direction in advance. Along with the technical and fundamental analysis of Ovintiv Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Ovintiv 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.

Additional 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.