Occidental Petroleum to Post Q4 Earnings What to Expect - Nasdaq
| DVN Stock | MXN 635.00 9.55 1.53% |
Slightly above 51% of Devon Energy's investors are presently thinking to get in. The analysis of current outlook of investing in Devon Energy suggests that some traders are interested regarding Devon Energy's prospects. Devon Energy's investing sentiment can be driven by a variety of factors including economic data, Devon Energy's earnings reports, geopolitical events, and overall market trends.
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Occidental Petroleum to Post Q4 Earnings What to Expect Nasdaq
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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.
Five Year Return
Five Year Return Comparative Analysis
Devon Energy is currently under evaluation in five year return category among its peers. Five Year Return is considered one of the best measures to evaluate fund performance, especially from the mid and long term perspective. It shows the total annualized return generated from holding equity for the last five years and represents capital appreciation of the investment, including all dividends, losses, and capital gains distributions.
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
| UAL | United Airlines | 4.69 | ||||
| LUV | Southwest Airlines | 3.77 | ||||
| X | United States | 0.79 | ||||
| HOTEL | Grupo Hotelero | 0.26 | ||||
| SPORTS | Grupo Sports | 0.31 | ||||
| MU | Micron Technology | 1.46 | ||||
| DAL | Delta Air | 1.55 | ||||
| TSMN | Taiwan Semiconductor | 1.72 |
Additional 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.