Looking Into Devon Energys Recent Short Interest By Benzinga - Investing.com UK
D1VN34 Stock | BRL 194.40 1.80 0.92% |
About 62% of Devon Energy's investor base is looking to short. The analysis of current outlook of investing in Devon Energy suggests that many traders are alarmed regarding Devon Energy's prospects. The current market sentiment, together with Devon Energy's historical and current headlines, can help investors time the market. In addition, many technical investors use Devon Energy stock news signals to limit their universe of possible portfolio assets.
Devon |
Looking Into Devon Energys Recent Short Interest By Benzinga Investing.com UK
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Devon Energy Fundamental Analysis
We analyze Devon Energy's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Devon Energy using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Devon Energy based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Beta
Beta Comparative Analysis
Devon Energy is rated # 3 in beta category among its peers. Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Devon Energy Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Devon Energy stock to make a market-neutral strategy. Peer analysis of Devon Energy could also be used in its relative valuation, which is a method of valuing Devon Energy by comparing valuation metrics with similar companies.
Peers
Devon Energy Related Equities
PRIO3 | Petro Rio | 1.49 | ||||
RECV3 | Petroreconcavo | 1.08 | ||||
H1ES34 | H1ES34 | 0.28 | ||||
OXYP34 | Occidental Petroleum | 0.83 | ||||
D1VN34 | Devon Energy | 0.92 | ||||
E1OG34 | EOG Resources | 2.07 | ||||
A1PA34 | APA | 2.15 | ||||
COPH34 | ConocoPhillips | 4.32 |
Complementary Tools for Devon Stock analysis
When running Devon Energy's price analysis, check to measure Devon 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 Devon Energy is operating at the current time. Most of Devon Energy's value examination focuses on studying past and present price action to predict the probability of Devon 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 Devon Energy's price. Additionally, you may evaluate how the addition of Devon Energy to your portfolios can decrease your overall portfolio volatility.
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