Ovintiv Correlations

Stocks . USA . 
Stock . Ovintiv
OVV Stock  USD 40.05  0.03  0.07%   
The current 90-days correlation between Ovintiv and Antero Resources Corp is 0.47 (i.e., Very weak diversification). The correlation of Ovintiv is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Ovintiv Correlation With Market

Average diversification

The correlation between Ovintiv and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ovintiv and DJI in the same portfolio, assuming nothing else is changed.
  
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Moving together with Ovintiv Stock

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  0.96SM SM EnergyPairCorr
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  0.87FANG Diamondback EnergyPairCorr
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  0.77COP ConocoPhillipsPairCorr
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  0.69CRK Comstock ResourcesPairCorr
  0.89DEC Diversified EnergyPairCorr
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  0.77EQT EQT Corporation Earnings Call TomorrowPairCorr
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  0.91MNR Mach Natural ResourcesPairCorr

Moving against Ovintiv Stock

  0.6ANNAW AleAnna, WarrantPairCorr
  0.53BSM Black Stone MineralsPairCorr
  0.39DMLP Dorchester MineralsPairCorr
  0.69TPL Texas Pacific LandPairCorr
  0.51TXO MorningStar Partners,PairCorr
  0.36REI Ring EnergyPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Ovintiv Stock performing well and Ovintiv Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Ovintiv's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Ovintiv Corporate Management

Rachel CHRPExecutive ServicesProfile
Brendan McCrackenExecutive Vice President - Corporate Development and External RelationsProfile
Michael McAllisterPresidentProfile
Joanne AlexanderExecutive Vice President General Counsel, Corporate SecretaryProfile
Renee ZemljakExecutive Vice President of Midstream, Marketing and FundamentalsProfile
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