PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
OVV vs. CVE
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Financials

Correlation

The correlation between OVV and CVE is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


-0.50.00.51.00.7

Performance

OVV vs. CVE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ovintiv Inc. (OVV) and Cenovus Energy Inc. (CVE). The values are adjusted to include any dividend payments, if applicable.

-25.00%-20.00%-15.00%-10.00%-5.00%0.00%5.00%10.00%JulyAugustSeptemberOctoberNovemberDecember
-17.20%
-21.64%
OVV
CVE

Key characteristics

Sharpe Ratio

OVV:

-0.36

CVE:

-0.30

Sortino Ratio

OVV:

-0.31

CVE:

-0.23

Omega Ratio

OVV:

0.96

CVE:

0.97

Calmar Ratio

OVV:

-0.14

CVE:

-0.17

Martin Ratio

OVV:

-0.64

CVE:

-0.59

Ulcer Index

OVV:

16.83%

CVE:

14.47%

Daily Std Dev

OVV:

30.02%

CVE:

28.47%

Max Drawdown

OVV:

-98.88%

CVE:

-95.01%

Current Drawdown

OVV:

-77.63%

CVE:

-50.97%

Fundamentals

Market Cap

OVV:

$10.35B

CVE:

$27.11B

EPS

OVV:

$7.43

CVE:

$1.40

PE Ratio

OVV:

5.25

CVE:

10.55

Total Revenue (TTM)

OVV:

$9.87B

CVE:

$55.67B

Gross Profit (TTM)

OVV:

$3.75B

CVE:

$9.49B

EBITDA (TTM)

OVV:

$5.25B

CVE:

$10.27B

Returns By Period

In the year-to-date period, OVV achieves a -11.06% return, which is significantly lower than CVE's -10.00% return. Over the past 10 years, OVV has underperformed CVE with an annualized return of -3.97%, while CVE has yielded a comparatively higher -1.49% annualized return.


OVV

YTD

-11.06%

1M

-14.84%

6M

-16.01%

1Y

-11.50%

5Y*

15.33%

10Y*

-3.97%

CVE

YTD

-10.00%

1M

-8.62%

6M

-21.10%

1Y

-11.01%

5Y*

10.13%

10Y*

-1.49%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Risk-Adjusted Performance

OVV vs. CVE - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Ovintiv Inc. (OVV) and Cenovus Energy Inc. (CVE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


Sharpe ratio
The chart of Sharpe ratio for OVV, currently valued at -0.36, compared to the broader market-4.00-2.000.002.00-0.36-0.30
The chart of Sortino ratio for OVV, currently valued at -0.31, compared to the broader market-4.00-2.000.002.004.00-0.31-0.23
The chart of Omega ratio for OVV, currently valued at 0.96, compared to the broader market0.501.001.502.000.960.97
The chart of Calmar ratio for OVV, currently valued at -0.15, compared to the broader market0.002.004.006.00-0.15-0.17
The chart of Martin ratio for OVV, currently valued at -0.64, compared to the broader market0.0010.0020.00-0.64-0.59
OVV
CVE

The current OVV Sharpe Ratio is -0.36, which is comparable to the CVE Sharpe Ratio of -0.30. The chart below compares the historical Sharpe Ratios of OVV and CVE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-0.500.000.501.00JulyAugustSeptemberOctoberNovemberDecember
-0.36
-0.30
OVV
CVE

Dividends

OVV vs. CVE - Dividend Comparison

OVV's dividend yield for the trailing twelve months is around 3.16%, less than CVE's 4.10% yield.


TTM20232022202120202019201820172016201520142013
OVV
Ovintiv Inc.
3.16%2.62%1.87%1.39%2.61%1.60%1.04%0.45%0.51%5.50%2.02%3.71%
CVE
Cenovus Energy Inc.
4.10%2.34%1.81%0.57%0.75%1.58%2.17%1.70%1.01%5.25%4.64%3.27%

Drawdowns

OVV vs. CVE - Drawdown Comparison

The maximum OVV drawdown since its inception was -98.88%, roughly equal to the maximum CVE drawdown of -95.01%. Use the drawdown chart below to compare losses from any high point for OVV and CVE. For additional features, visit the drawdowns tool.


-70.00%-60.00%-50.00%-40.00%-30.00%JulyAugustSeptemberOctoberNovemberDecember
-69.61%
-50.97%
OVV
CVE

Volatility

OVV vs. CVE - Volatility Comparison

Ovintiv Inc. (OVV) has a higher volatility of 8.16% compared to Cenovus Energy Inc. (CVE) at 7.47%. This indicates that OVV's price experiences larger fluctuations and is considered to be riskier than CVE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


6.00%8.00%10.00%12.00%JulyAugustSeptemberOctoberNovemberDecember
8.16%
7.47%
OVV
CVE

Financials

OVV vs. CVE - Financials Comparison

This section allows you to compare key financial metrics between Ovintiv Inc. and Cenovus Energy Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.


Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities


Values in USD except per share items
PortfoliosLab logo
Performance Analysis
Portfolio AnalysisPortfolio PerformanceStock ComparisonSharpe RatioMartin RatioTreynor RatioSortino RatioOmega RatioCalmar RatioSummers Ratio
Community
Discussions


Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

Copyright © 2024 PortfoliosLab