Ovintiv Stock Price Patterns
| OVV Stock | CAD 58.63 0.67 1.16% |
Momentum 55
Impartial
Oversold | Overbought |
Using Ovintiv hype-based prediction, you can estimate the value of Ovintiv from the perspective of Ovintiv response to recently generated media hype and the effects of current headlines on its competitors.
The fear of missing out, i.e., FOMO, can cause potential investors in Ovintiv to buy its stock at a price that has no basis in reality. In that case, they are not buying Ovintiv because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. On the other hand, investors will often sell stocks at prices well below their value during bear markets because they need to stop feeling the pain of losing money.
Ovintiv after-hype prediction price | CAD 58.63 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Ovintiv |
Ovintiv After-Hype Price Density Analysis
As far as predicting the price of Ovintiv at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Ovintiv or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Ovintiv, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Ovintiv Estimiated After-Hype Price Volatility
In the context of predicting Ovintiv's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Ovintiv's historical news coverage. Ovintiv's after-hype downside and upside margins for the prediction period are 56.60 and 60.66, respectively. We have considered Ovintiv's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Ovintiv is very steady at this time. Analysis and calculation of next after-hype price of Ovintiv is based on 3 months time horizon.
Ovintiv Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as Ovintiv is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Ovintiv backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Ovintiv, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.21 | 2.03 | 0.00 | 0.00 | 0 Events / Month | 0 Events / Month | Uncertain |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
58.63 | 58.63 | 0.00 |
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Ovintiv Hype Timeline
Ovintiv is now traded for 58.63on Toronto Exchange of Canada. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. Ovintiv is anticipated not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is insignificant. The immediate return on the next news is anticipated to be very small, whereas the daily expected return is now at 0.21%. %. The volatility of related hype on Ovintiv is about 0.0%, with the expected price after the next announcement by competition of 58.63. About 91.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 1.05. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Ovintiv has Price/Earnings To Growth (PEG) ratio of 0.06. The entity last dividend was issued on the 15th of December 2025. The firm had 1:5 split on the 27th of January 2020. Assuming the 90 days trading horizon the next anticipated press release will be uncertain. Check out Ovintiv Basic Forecasting Models to cross-verify your projections. To learn how to invest in Ovintiv Stock, please use our How to Invest in Ovintiv guide.Ovintiv Related Hype Analysis
Having access to credible news sources related to Ovintiv's direct competition is more important than ever and may enhance your ability to predict Ovintiv's future price movements. Getting to know how Ovintiv's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Ovintiv may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| WCP | Whitecap Resources | 0.00 | 0 per month | 1.44 | 0.17 | 2.69 | (2.03) | 8.67 | |
| ARX | ARC Resources | 0.00 | 0 per month | 0.00 | (0.03) | 2.54 | (3.06) | 10.15 | |
| KEY | Keyera Corp | 0.00 | 0 per month | 1.33 | 0.1 | 1.87 | (1.91) | 7.45 | |
| SCR | Strathcona Resources | 0.00 | 0 per month | 0.00 | (0.13) | 3.85 | (3.79) | 30.96 | |
| TOU | Tourmaline Oil Corp | 0.00 | 0 per month | 1.29 | 0.02 | 2.29 | (2.48) | 5.37 | |
| PSK | PrairieSky Royalty | 0.00 | 0 per month | 1.07 | 0.15 | 2.77 | (1.98) | 6.48 | |
| PEY | Peyto ExplorationDevelopment Corp | 0.00 | 0 per month | 1.50 | 0.14 | 3.55 | (2.30) | 10.43 | |
| BTE | Baytex Energy Corp | 0.00 | 0 per month | 1.92 | 0.18 | 4.46 | (3.39) | 19.59 |
Ovintiv Additional Predictive Modules
Most predictive techniques to examine Ovintiv price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Ovintiv using various technical indicators. When you analyze Ovintiv charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
About Ovintiv Predictive Indicators
The successful prediction of Ovintiv stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Ovintiv, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Ovintiv based on analysis of Ovintiv hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to Ovintiv's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Ovintiv's related companies.
Pair Trading with Ovintiv
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Ovintiv position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ovintiv will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Ovintiv could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ovintiv when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ovintiv - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ovintiv to buy it.
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ovintiv moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ovintiv moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Ovintiv can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Ovintiv Basic Forecasting Models to cross-verify your projections. To learn how to invest in Ovintiv Stock, please use our How to Invest in Ovintiv guide.You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.