Better Buy in September ExxonMobil or a 5050 Split of Devon Energy and Occidental Petroleum - The Motley Fool
| DVN Stock | MXN 625.45 5.44 0.88% |
Slightly above 53% of Devon Energy's investor base is interested to short. The analysis of current outlook of investing in Devon Energy suggests that many traders are impartial 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.
Devon |
Better Buy in September ExxonMobil or a 5050 Split of Devon Energy and Occidental Petroleum The Motley Fool
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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.
Z Score
Z Score Comparative Analysis
Devon Energy is currently under evaluation in z score category among its peers. Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
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 | ||||
| MNST | Monster Beverage | 1.62 | ||||
| GCARSOA1 | Grupo Carso | 0.38 | ||||
| VZ | Verizon Communications | 0 | ||||
| SCCO | Southern Copper | 0.00 | ||||
| SPORTS | Grupo Sports | 0.31 |
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.