Devon Stock Performance

DVN
 Stock
  

USD 68.46  0.18  0.26%   

Devon Energy has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.5389, which means a somewhat significant risk relative to the market. Let's try to break down what Devon's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Devon Energy will likely underperform. Although it is important to respect Devon Energy historical returns, it is better to be realistic regarding the information on the equity's current trending patterns. The philosophy towards predicting future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By reviewing Devon Energy technical indicators, you can presently evaluate if the expected return of 0.0678% will be sustainable into the future. Devon Energy right now shows a risk of 3.49%. Please confirm Devon Energy potential upside, as well as the relationship between the kurtosis and day typical price to decide if Devon Energy will be following its price patterns.
  
Devon Performance
1 of 100
Compared to the overall equity markets, risk-adjusted returns on investments in Devon Energy are ranked lower than 1 (%) of all global equities and portfolios over the last 90 days. Despite quite persistent basic indicators, Devon Energy is not utilizing all of its potentials. The current stock price mess, may contribute to short-term losses for the institutional investors. ...more

Structure and Payout Changes

Forward Annual Dividend Yield
0.08
Payout Ratio
0.36
Last Split Factor
2:1
Forward Annual Dividend Rate
5.4
Dividend Date
2022-12-30
Ex Dividend Date
2022-12-09

Devon Price Channel

Begin Period Cash Flow2237000000.00
DescriptionDevon Energy Corporation, an independent energy company, primarily engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the U
Total Cashflows From Investing Activities-1574000000.00

Devon Energy Relative Risk vs. Return Landscape

If you would invest  6,816  in Devon Energy on September 5, 2022 and sell it today you would earn a total of  30.00  from holding Devon Energy or generate 0.44% return on investment over 90 days. Devon Energy is generating 0.0678% of daily returns assuming volatility of 3.4867% on return distribution over 90 days investment horizon. In other words, 30% of stocks are less volatile than Devon, and above 99% of all equities are expected to generate higher returns over the next 90 days.
  Daily Expected Return (%)  
       Risk (%)  
Considering the 90-day investment horizon Devon Energy is expected to generate 0.28 times more return on investment than the market. However, the company is 3.59 times less risky than the market. It trades about 0.02 of its potential returns per unit of risk. The NYSE Composite is currently generating roughly -0.11 per unit of risk.

Devon Energy Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Devon Energy's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Devon Energy, and traders can use it to determine the average amount a Devon Energy's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.0194

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Estimated Market Risk
 3.49
  actual daily
 
 30 %
of total potential
 
3030
Expected Return
 0.07
  actual daily
 
 1 %
of total potential
 
11
Risk-Adjusted Return
 0.02
  actual daily
 
 1 %
of total potential
 
11
Based on monthly moving average Devon Energy is performing at about 1% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Devon Energy by adding it to a well-diversified portfolio.

About Devon Energy Performance

To evaluate Devon Energy Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Devon Energy generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Devon Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Devon Energy market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Devon's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2022
Effect of Exchange Rate Changes on Cash(10.35) (11.17) 
Return on Investment 27.18  29.33 
Return on Average Assets 18.19  19.62 
Return on Average Equity 46.32  49.97 
Return on Invested Capital 0.15  0.16 
Return on Sales 0.26  0.29 

Things to note about Devon Energy

Checking the ongoing alerts about Devon Energy for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Devon Energy help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Devon Energy Alerts

Equity Alerts and Improvement Suggestions

Devon Energy has very high historical volatility over the last 90 days
Over 81.0% of the company shares are held by institutions such as insurance companies
Latest headline from news.google.com: Better Buy Kinder Morgan vs. Devon Energy Stock - Nasdaq
Continue to Investing Opportunities. You can also try CEO Directory module to screen CEOs from public companies around the world.

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When running Devon Energy 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 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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Is Devon Energy's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Devon Energy. If investors know Devon will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Devon Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
1.32
Market Capitalization
44.8 B
Quarterly Revenue Growth YOY
0.3
Return On Assets
0.23
Return On Equity
0.63
The market value of Devon Energy is measured differently than its book value, which is the value of Devon that is recorded on the company's balance sheet. Investors also form their own opinion of Devon Energy's value that differs from its market value or its book value, called intrinsic value, which is Devon Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Devon Energy's market value can be influenced by many factors that don't directly affect Devon Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Devon Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine Devon Energy value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Devon Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.