Cenovus Energy Variance
| CVE Stock | | | USD 26.68 0.72 2.77% |
The Variance reading for Cenovus Energy is computed from historical trading observations. Values reflect historical observations within the available dataset. Cenovus Energy has a market cap of 48.92 B, operating margin of 9.5%, current ratio of 1.73. For allocation context, review
Trending Equities. Tracking Cenovus Energy in a portfolio helps measure its contribution to overall performance. Position weights are derived from the selected portfolio construction methodology. Broader economic conditions can influence Cenovus Energy's company valuation — related indicators include
signals in private.
The fundamentals of trading Cenovus Stock are covered in our
How to Buy Cenovus Energy walkthrough.
Cenovus Energy has current Variance of 5.33. Variance is another measure of security risk that shows the amount of dispersion of equity returns around their mean value. Variance is calculated as the average squared deviations from the mean. Evaluating a set of investment alternatives one can use variance to help determine the volatility when purchasing a specific security. Similar to Standard Deviation, the variance is a measure of how far a set of numbers is spread out around its mean.
Variance | = | SUM(RET DEV)2N |
| = | 5.33 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Variance Peers Comparison
Variance Relative To Other Indicators
Cenovus Energy holds the
#2 position for variance relative to top peers. It is currently under evaluation for maximum drawdown relative to top peers with a Maximum Drawdown-to-Variance ratio near
1.71 . The Maximum Drawdown to Variance ratio for Cenovus Energy comes in at
1.71 Variance is also a measure of stock volatility and can help determine the risk an investor might take on when purchasing a specific security. A relatively big variance indicates that the daily prices or returns are far from the mean and a small variance indicates that they are located around the mean.
Compare Cenovus Energy to Peers
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