Ovintiv Stock Price on June 27, 2024
| OVV Stock | CAD 57.68 1.09 1.85% |
Below is the normalized historical share price chart for Ovintiv extending back to December 18, 1989. 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 57.68, as last reported on the 16th of December 2024, with the highest price reaching 58.69 and the lowest price hitting 57.30 during the day.
If you're considering investing in Ovintiv Stock, it is important to understand the factors that can impact its price. As of now, Ovintiv Stock is very steady. Ovintiv maintains Sharpe Ratio (i.e., Efficiency) of 0.0524, which implies the firm had a 0.0524% 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 0.0615, coefficient of variation of 1326.31, and Semi Deviation of 2.17 to confirm if the risk estimate we provide is consistent with the expected return of 0.12%.
At this time, Ovintiv's Other Stockholder Equity is very stable compared to the past year. As of the 16th of December 2024, Stock Based Compensation is likely to grow to about 67.3 M, while Total Stockholder Equity is likely to drop about 8.3 B. . At this time, Ovintiv's Price To Sales Ratio is very stable compared to the past year. As of the 16th of December 2024, Price To Operating Cash Flows Ratio is likely to grow to 3.50, while Price Earnings Ratio is likely to drop 5.20. Ovintiv Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 63.0582 | 50 Day MA 59.0224 | Beta 2.641 |
Ovintiv |
Sharpe Ratio = 0.0524
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| Cash | Small Risk | OVV | High Risk | Huge Risk |
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Estimated Market Risk
| 2.32 actual daily | 20 80% of assets are more volatile |
Expected Return
| 0.12 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.05 actual daily | 4 96% of assets perform better |
Based on monthly moving average Ovintiv is performing at about 4% 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 0.9911 | Enterprise Value Ebitda 3.3088 | Price Sales 1.5703 | Shares Float 258.9 M | Dividend Share 1.2 |
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Ovintiv Valuation on June 27, 2024
It is possible to determine the worth of Ovintiv on a given historical date. On June 27, 2024 Ovintiv was worth 63.09 at the beginning of the trading date compared to the closed value of 63.41. 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 | |
| 63.22 | 63.35 | 61.56 | 62.61 | 98,244 | |
06/27/2024 | 63.09 | 63.47 | 62.74 | 63.41 | 56,962 |
| 64.08 | 64.70 | 63.50 | 63.76 | 105,783 |
| Backtest Ovintiv | | | Ovintiv History | | | Ovintiv Valuation | Previous | Next |
Ovintiv Trading Date Momentum on June 27, 2024
| On June 28 2024 Ovintiv was traded for 63.76 at the closing time. The maximum traded price for the trading interval was 64.70 and the lowest daily price was 63.50 . The daily volume was recorded at 105.8 K. The volume of trading on 28th of June 2024 played a part in the next trading day price boost. The trading delta at closing time to the next closing price was 0.55% . The trading delta at closing time to the closing price today is 1.04% . |
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 Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 263.9 M | 230.6 M | |
| Net Income Applicable To Common Shares | 4.2 B | 4.4 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.
Price Boundaries
Ovintiv Period Price Range
Low | December 16, 2024
| High |
0.00 | 0.00 |
Ovintiv cannot be verified against its exchange. Please verify the symbol is currently traded on Toronto 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 16, 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.
| Risk Adjusted Performance | 0.0615 | |||
| Jensen Alpha | 0.1807 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.032 | |||
| Treynor Ratio | (0.84) |
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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 Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.